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Money Managment

Having the knowledge and skills to take control of your budget will help you avoid the stress of going into arrears on your rent.  And if you do experience difficutlies, it’s also good to know where to get financial help when you need it. We’ve put together a list of resources that we hope will inform our tenants about budgeting, borrowing money, how to pay rent or transfer money electronically and tips to reduce living costs.

If you are experiencing difficulties paying your rent, please speak with your housing or lodging coordinator who may also be able to discuss what options are available to you.

Budgeting

A budget is a written plan that helps you know how much money you have coming in and what you need to spend it on. It helps you keep track of what you are spending.
Budgeting means you can:

  • pay for the things you need such as food, rent and your current bills
  • keep a regular check on where your money goes
  • prepare for emergencies and unplanned expenses
  • save for something special

Tools to help you with budgets

https://www.moneysmart.gov.au/tools-and-resources/calculators-and-apps/budget-planner

https://www.moneysmart.gov.au/tools-and…and…/trackmyspend

 

Saving money

It’s good to have money set aside to use for necessary unplanned expenses, like car repairs or medical bills. Saving money on a low income is hard, but there things you can do to try to reduce the amount of money you spend so that you can save some for another day.

We’ve found several helpful websites that have ideas and information on how small changes can help you save money.

Food saving ideas

https://www.moneysmart.gov.au/managing-your-money/budgeting/simple-ways-to-save-money/how-to-save-money-on-food

Energy and water saving

https://www.moneysmart.gov.au/managing-your-money/budgeting/simple-ways-to-save-money/how-to-save-water-and-electricity

https://www.watercorporation.com.au/save-water/water-saving-tips?pid=res-sw-np-wst#bathroom

http://yourenergysavings.gov.au/guides/reduce-your-energy-bills

https://www.synergy.net.au/Your-home/Save-energy

https://www.synergy.net.au/Your-home/Help-and-advice/Electricity/Which-appliances-use-the-most-energy

Energy saving for seniors

http://yourenergysavings.gov.au/guides/seniors-guide-energy-saving

Food saving ideas

Energy and water saving

Where to get credit or a loan

There may be times when you need to borrow money.  Foundation Housing strongly recommends that you do not use ‘pay-day lenders’ or loan sharks.  There are other options if you need help in a hurry.

Non Interest Loan Scheme (NILS)
NILS provides individuals and families on low incomes with access to safe, fair and affordable credit. http://nils.com.au/

Setup  

These are low interest loan for people on low incomes who have difficulty accessing credit from a bank. You can borrow from $800 – $3,000 with up to three years to pay it back.
http://stepuploan.org.au/#what

Loans for people on Centrelink payments
https://www.finder.com.au/loans-for-people-on-centrelink-payments
https://www.finder.com.au/unemployed-loans

Hardship Utility Grant Scheme (HUGS)
HUGS provides one off grants to help Western Australians experiencing financial hardship and pay their electricity, water or gas bills providing up to $581 (or $962 for those living above the 26th Parallel).

Customers should discuss their situation with the relevant utility provider. For eligible clients, utility providers will apply for a HUGS Grant and may refer clients to a free financial counselling service for further support.

Understanding the true cost of “pay-day” loans and lending scams

https://www.finder.com.au/avoid-loan-sharks-australia

https://www.moneysmart.gov.au/scams/banking-and-credit-card-scams/loan-scams

https://www.moneysmart.gov.au/borrowing-and-credit/payday-loans

 

 

 

Contact Us Office Locations

Office Hours:
8:30am to 4:30pm

297 Vincent Street
Leederville WA 6007

PO Box 214, Leederville, WA 6902

T: (08) 9422 0700
F: (08) 6311 7314

Office Hours:
10.00am to 2.00 pm weekdays (or by appointment)

Unit 6/17 – 19 Foundry Road
Midland WA 6056

T: (08) 6274 3900

Office Hours:
10.00am to 2.00 pm weekdays

100 Hampton Rd
Fremantle WA 6160

T: (08) 9335 6302

Office Hours:
10.00am to 2.00 pm weekdays (or by appointment)

Unit 6 / 129 Grand Boulevard
Joondalup WA 6027

T: (08) 9400 5000

Office Hours:
10.00am to 2.00 pm weekdays (or by appointment)

34 Frederick Street
Broome WA 6725

T: (08) 9193 7641

Office Hours:
10.00am to 2.00 pm weekdays (or by appointment)

3B/3 Hunt Street
South Hedland WA 6722

T: (08) 9172 9700