Tuesday, 26 September 2017
Education costs and savings made easy with $500 from Saver Plus
Saver Plus is a financial literacy savings program that helps low-income families save for educational items. For every dollar that you save Saver Plus matches you up to $500! Most importantly, families will learn of strategies and tools to deal with financial stress so that they can better handle life’s tricky ups and downs.
“This program is very beneficial to me, so I want people in my community to know about it as well”
- Mai Nu
Many of us living in Australia have left our loved ones behind and with that comes a responsibility and expectation to help where we can. For over a decade and a half Saver Plus has helped families better handle their money:
⁃ 87% or participants are saving the same amount or more since completing the program
⁃ 84% encourage children and family members to save
⁃ 85% have more control over their finances
⁃ 78% are able to make ends meet
⁃ 88% are more aware of where to get help with financial decision making
⁃ 86% are better able to deal with financial problems
⁃ 93% have increased self-esteem
⁃ 71% have increased confidence
⁃ 68% have reduced levels of stress
The eligibility criteria for participation in Saver Plus are:
• be 18 years or over
• be either a parent or guardian of a child attending or enrolled to attend school, OR, attending or returning to vocational education where they will receive an accredited vocational education certificate,
• have a current Health Care Card or Pensioner Concession Card,
• have regular income from paid employment (participant or their partner).
“Once it was set up, it was easy, and I’m still saving into the same account”
Since 2004 Saver Plus has matched over $14million dollars and we are going for more! Saver Plus is delivered in 60 communities across Australia, if you want more information you can call toll-free 1300 610 355 and enter your postcode to be connected with your local Saver Plus Coordinator.
Ivan Amaro is the Saver Plus Coordinator for Fairfield, Liverpool and parts of Cumberland areas in Sydney, NSW working for The Smith Family. He can be contacted on (02) 9728 6778 or 0407 747 307. Saver Plus is an initiative of the Brotherhood of St Laurence and ANZ, delivered in partnership with The Smith Family, Berry Street, The Benevolent Society and other local community agencies. The program is funded by ANZ and the Australian Government, with ANZ providing matched savings for participants.
For further information please visit www.saverplus.org