Ebenezer Mission

Top Tips To Make Sure You Effectively Use Your NDIS Budgets

Once you have your NDIS plan in place and working, what’s next? It’s crucial to revisit your plan and ensure it’s still working for you.

In this post, we’ll give you tips on avoiding unnecessary spending.

One of the most critical aspects of the NDIS experience is monitoring your budget. If you don’t keep track of your spending, you risk running out of money and having to pay for support out of pocket or not receiving it at all.

The fundamentals of budgeting.

Your NDIS plan lays out how much funds you’ve been given for each support category. These allocations typically cover a 12-month duration and can only be used for their designated support area (except for most Core Supports budgets, which are flexible).

How to keep track of your finances.

You are responsible for the support you receive under the NDIS, which means you are also in charge of guaranteeing they are paid for. If you want to prevent running out of NDIS funds before the conclusion of your plan, you must actively manage your budget. Here’s how to go about it:

Create a budget.

To determine how much funds you have to use monthly, fortnightly, or even weekly, split your spending into smaller parts. Keep in mind that your spending may not be consistent throughout the year. During the holidays, for example, you may require additional assistance.

Monitor your spending.

You must adhere to your budgets once you’ve split them down and determined how much you need to spend on each support. So keep an eye on your service providers’ bills and keep track of your overall spending. If you realise you’ve gone over budget one month, you’ll know you need to cut back the following month. If your plan includes plan management, your plan manager can assist you in keeping track of your expenditures.

There is a form of protection.

We suggest a service agreement with your providers that defines an agreed-upon budget to avoid the unpleasant surprise of a larger-than-expected bill. With an existing service agreement in place, the Ebenezer Mission team can ensure that your spending is in line with this budget, protecting you from unintentional overspending.

Have you gone over your budget?

If it appears that you will run out of funds before your NDIS daily living support in Sydney expires, don’t panic – you still have several options.

If it doesn’t work, talk to your Local Area Coordinator about if it’s worth getting a review of your NDIS plan so you can apply for more money. Keep in mind that this is a time-consuming, evidence-based procedure that isn’t always successful, so you shouldn’t depend on it – and if you do, you should request one as soon as possible rather than waiting until the end of your plan.

What's the next step?

The crucial thing to remember is that your plan is intended to provide you with constant ongoing support while also allowing you to reach your goals. The advantage of having a plan manager is that you can focus on living your greatest life rather than time-consuming tasks like admin and bills.

Eben Mission can assist you with getting the most out of your NDIS daily living support in Sydney so you can concentrate on your objectives and life goals.

Call or email us today to learn more about the advantages of plan management and NDIS daily living support in Sydney.

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