Do your clients need $500 to help with school costs?

Do your clients need $500 to help with school costs?

Saver Plus is a program is designed for people on lower incomes who have children in Preschool - Year 12 or who are themselves studying at CIT / Uni / Apprenticeship

We support a family to save up to $500 over the course of 10 months by making regular (habitual) deposits into a reward incentive account with no monthly service fees. During this time, a participant also attends 4 discussion-focused financial education workshops that I run at The Smith Family. At the completion of the 10 month program, the participant is matched the same amount that they've saved up to $500 to be used for their nominated educational expense(s).

How it works:
A family will agree to a savings period and a goal ($500 is most common) to use on education expenses. They then make regular deposits into their own savings account over 10 months to meet that goal. During this time, the participant will also attend 4 (free) Money Minded financial education workshops that are run by The Smith Family. At the end of the 10 month savings period we will match the participant's savings dollar-for-dollar up to $500. The $500 that we give a family is to be used for their nominated education expense(s), but the $500 they saved can be used for any purpose they choose.

Who Saver Plus helps:
In order to participate in the program a participant must:
-Be 18 years or older
-Have a healthcare or pension card issued by Centrelink
- Have a child in school (P-Y12) this year or next or themselves be enrolled in a vocational training course or apprenticeship -Be able to save a regular sum of money every month -They or their partner have some form of regular paid employment (this could be something as casual as doing some regular babysitting, cleaning, or washing for a neighbour or mate).


What's in it for your kids & families:
-Improve ability for lower income families to meet voluntary school contributions / excursion fees -Improve access to education services and goods for families on lower incomes -Increase confidence when families are dealing with banks and other financial institutions -Raise awareness of rights and entitlements as citizens and consumers -Minimise of the effects of financial exclusion on kids and families -Increase family resiliency -Saver Plus requires nearly none of your resources to run, aside from placing the flyers where parents may congregate or running a notice in a newsletter. The Smith Family runs the program independent of your organisation with our own facilities and resources.

For more information or to arrange an information session for your clients, please contact Brent @ The Smith Family in Woden.
http://www.thesmithfamily.com.au/what-we-do/our-work/at-home/saver-plus