Balancing your finances is tough enough, but balancing your finances as you collect benefits is even more difficult. Even though your income is gone (or significantly decreased), you still have expenses. You’ve got to buy food, pay rent, and make sure the bills are dealt with. It can be a complex balancing act, and it’s not surprising that so many people struggle to make it happen.
Fortunately, there is financial help available for people collecting benefits. Including loans for people on Centrelink and other financial service from non-profits. Here are a few things you should know:
The First Step is Understanding Your Resources
Today, there are dozens of programs designed to help people with little or no income to meet their specific needs, including food, housing, and utilities. For many people, though, finding these resources can be a hassle.
If you’d like to save time and effort, your first step should be contacting your local joblessness center. This one-stop-shop can connect you with many of the aid programs in your area and ensure that you’re getting access to the assistance programs you need. You may also find resources you weren’t expecting, like access to job seeking assistance or counseling services.
Government Benefits 101
If you’re collecting government benefits, you can learn a great deal about your account at Benefits.gov. This site will help you understand the ins and outs of your particular benefits program and access additional organizational or logistical assistance. It’s easy to search the site by state. You can also look up benefits programs according to the agency.
Even if many of the resources you find aren’t helpful for you, this is an excellent place to access the input and assistance you need to keep your finances organized while you collect government benefits.
If you’re struggling to manage your finances while collecting benefits, don’t overlook local agencies. Local organizations like the Community Action Agency (CAA) and other nonprofit organizations offer a wide variety of resources for people collecting benefits. These agencies can help you with things like housing, utility bills, and affordable groceries. They’re also an excellent place to find financial education classes and more.
Balancing Your Finances
The financial management muscle gets stronger with consistent exercise, and excellent financial skills are learned, not born. If you’re struggling to manage your finances as you collect benefits, you’re not alone. Fortunately, you also don’t have to live like this forever. By understanding the financial resources available to you and knowing how each can help you manage your benefits and your budget, you can move yourself to higher financial ground. So, what are you waiting for? Go get your financial life in order today!