Easy Guide: Setting Money Goals for NDIS Participants
Money can be tricky, but knowing how to set goals can help. Here's a simple guide to get you started on managing your money better:
1. Know What You Need vs. What You Want
Needs are things you must have, like food and a place to live.
Wants are fun extras but not must-haves, like a new game or a holiday.
Write down your needs and wants. It's good to know the difference so you can spend wisely.
2. Set Clear Goals
Think about what you want to save money for. Your goals should be:
Specific: Be clear about what you want.
Measurable: Know how much it costs.
Achievable: Make sure you can reach it.
Relevant: It should be important to you.
Time-bound: Decide when you want to achieve it.
Like, "I want to save $200 for a new bike in 10 months."
3. Make a Simple Budget
Look at the money you get each month and what you need to spend it on, like bills and food. The money left can go towards your wants and saving for your goals. You can learn about budgeting in our Financial Literacy Program.
4. Start Saving
You can keep your savings in a jar or, even better, in a bank account. This keeps your money safe, and you won't spend it by mistake.
5. Watch Your Savings Grow
Keep an eye on how much you're saving. You can use a calendar or a notebook. It's fun to see your money grow!
6. It's Okay to Ask for Help
Talking about money can be hard, but asking for help is okay. You can talk to someone you trust or your NDIS support worker. They can help you with your goals.
7. Celebrate Your Wins
When you reach your goal, be proud and celebrate! Then, you can start thinking about your next goal.
Remember, setting goals is a step-by-step journey. If things don't go as planned, that's okay. Keep trying, and you'll get there.
Simple Steps to Remember:
Know What You Need vs. What You Want
Set Clear Goals
Make a Simple Budget
Start Saving
Watch Your Savings Grow
It's Okay to Ask for Help
Celebrate Your Wins
Setting goals helps you make smart choices with your money. Start with small steps, and soon you'll see how you can achieve big things!
