Saver Plus Program for low-income families and students
Saver Plus Program
Up to $500 for low-income families and students
Need help covering the costs of education?
The Smith Family’s Saver Plus is a 10 month program designed to assist lower income families and students to improve their financial education and develop a savings habit for their own or their children’s education costs.
Developed by Brotherhood of St Laurence and ANZ in partnership with The Smith Family, Berry Street, Ballarat Group Training and Bethany Community Support, the financial education and matched savings program provides the following to participants:
One dollar in matched savings for every one dollar they save, up to $500, funded by ANZ.
Free MoneyMinded financial education.
Personal support and guidance from The Smith Family.
During the program, participants work with a coordinator to identify an expense to save for and open an account with ANZ in which they make regular deposits over a 10 month period while completing MoneyMinded online to improve their financial management skills.
Once participants reach their savings goal their savings are matched dollar for dollar up to $500.
At the end of the program, participants use their matched savings to purchase an education-related goal such as school uniforms, laptops and text books.
To be eligible you must meet the following criteria:
Have a current Centrelink Health Care or Pensioner Concession Card;
Be at least 18 years old;
Have some form of income from work, child support, a partner etc
Be in receipt of an eligible Commonwealth social security benefit, allowance or payment
Be a parent or guardian of a child at school OR be attending or returning to vocational education themselves.
If you want to apply you can inquire online at www.saverplus.org.au, call 0434 957 376 or email SydneyMetroSP@thesmithfamily.com.au
