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Managing Finances

Keeping an eye on your money and budgeting is good. There is a lot of information available to learn about bank cards, credit cards, superannuation, tax, how to save, and Centrelink options. Don’t be overwhelmed - check out Money Smart. Download Your Next Step – Preparing young people for leaving care PDF, 5606.77 KB. It has practical information on for example, paying tax and lodging a tax return and starting work.

Watch out for scams, schemes and impulse buying that is “too good to be true”. Avoid credit cards (that charge interest if you can’t pay them off each month) and afterpay if you’re still working out your budget and starting to save.