The welfare system exists to support those who need it most. Paid for by taxes, it’s a safety net that we might all need to catch us one day. If you’ve found yourself on Penny Saver Blog, welcome! We can assume you’re dedicated to finding a better financial solution for yourself, your family and your future. We’re here to help.
In this post, we’re looking at the possible financial support you may be entitled to. If you’re struggling to meet ends meet, you’ll find some financial assistance to help you. It will make those monthly payments a little easier, and you could make a claim today. Let’s look at the options, shall we?
Child support – We all know that raising children isn’t cheap! In fact, some financial estimates suggest you’ll spend up to $500,000 raising a child from cradle to college. That’s a lot of money! With that in mind, government assistance is available to help fund the cost of childcare and provisions. It is calculated based on your income, and contingent on the number of children.
Income and housing support – The government recognizes that there is a national living wage in this country. It’s a figure that we can reasonably be assumed to live on. Anything below that means that life is a struggle. That’s where income support comes in. If your salary or wage comes in below the national living wage, you may be entitled to income support to top it up. The same applies for housing assistance.
Carer grants – Caring for an elderly relative or disabled family member is a financial and emotional hardship. It can cause you loss of earnings, and you may spend thousands helping them adapt to a new lifestyle. You are entitled to government assistance to help you take on this difficulty.
Energy – Financial support is available to help fund winter fuel costs and energy bills. It is particularly important for the elderly population who are vulnerable in the cold weather. Monetary assistance will help save cash on the energy bills, and keep the heaters on during the coldest months.
Unemployment benefit – In this unstable economy, unfortunately no job is secure and stable. There may come a time when you need assistance after being laid off. Unemployment benefit is an essential support system while finding a new job. In most cases, this is a simple and short period of time, while you get back on your feet. Unemployment benefit will help cover the essential bills and payments until you get a full wage coming in.
Cellphone and internet – Cellphone and internet use have now become an essential part of modern life. We use them to connect with family, and carry out simple tasks (like ordering groceries). It has become so vital, in fact, that the government now subsidises an allocation to low income families. There are now cheap phones for disabled people, and subsidised internet access for the poorest incomes.
These financial support systems exist to help you when times are hard. If you’re struggling to make ends meet, visit your local government office, and find out if you’re entitled to assistance.