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30
APRIL
2014
The Cost of Caring
BY CHARLOTTE BRADLEY

Caring for someone, or yourself, can be expensive. Whether you're facing big medical bills or losing income due to taking time off work, you may find it difficult to make ends meet.

If you're struggling with the cost of caring, we suggest you check out the Australian Securities and Investment Commission's MoneySmart. MoneySmart is an extremely helpful website, brimming with tools and resources to help you manage your money.

MoneySmart offers three top tips that will help you take charge of your money, and provide you with the tools you need to make it happen.

First, they suggest you track your spending. MoneySmart offers a free app, TrackMySpend, that will help you quickly and easily work out where your money is going.

Second, you need to get organised. Get your bills and statements together to help you plan for future expenses. There's no substitute for being organised. 

Third, create a budget using MoneySmart's free online budget planner or download their Microsoft Excel budget template. This tool will help you get a handle on your finances in just twenty minutes.

We highly recommend checking out MoneySmart today, to see how you can manage the financial burden of caring.