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.