Caring for a loved one with an illness, injury or disability can be a lot to handle. We'll guide you through important carer responsibilities, tasks for your to-do list, and how to get the support you need.

Looking after your finances

With so much on your mind, it’s easy to forget that being a carer can sometimes set you back financially. Here are some money tips to help.

Consider the reality of earning less

You may need to cut back on your hours—or stop work completely. If this happens, you'll need to plan for less money in your pocket.

If you need to reduce your hours, speak to your employer. Remember, under the National Employment Standards, you have the right to a flexible working arrangement after 12 months in your job.

This may also impact your super, as you won’t be earning as much. Think about making your own super contributions to continue growing your retirement savings. You may wish to speak to a financial adviser about options to assist.

Government payments explained

Make sure you get all the support you need:

Get help with your payments

If you’re having trouble keeping on top of payments, talk to your lender.

If you’re with NAB:

Stay on top of your finances

Create plans for your debts, expenses and goals to help improve your financial situation:

Stay connected and take breaks

Chat to friends and family in person, or on FaceTime, Skype and WhatsApp. You may also find a carer support group in your area to talk to others in similar situations.

Make time to connect with others and enjoy regular ‘me time’. Learn how respite care works and find a respite service near you to schedule breaks from your caring duties.

Think about your mental health

Apps like Headspace and Smiling Mind can help you calm your mind by guiding you through a few minutes of meditation.

Strategies for managing stress and coping with anger, frustration and guilt can also help you stay committed.

Utilise support services

Take advantage of these carer support services:

Staying in shape

Caring can sometimes be hard work – both mentally and physically. To keep your body in shape, see:

Plan for the future

Help your loved one prepare for their future by putting necessary steps in place. Also think about:

Glossary

Super

Super is a regular payment made into a super fund by an employee towards a future pension. For most people, your employer must pay an amount equal to 9.5% of your salary into your super fund account. Your super savings can be self-managed, or controlled by the superannuation fund of your choice.

Important information

The information contained in this article is intended to be of a general nature only. It has been prepared without taking into account any person’s objectives, financial situation or needs. Before acting on this information, NAB recommends that you consider whether it is appropriate for your circumstances. NAB recommends that you seek independent legal, financial, and taxation advice before acting on any information in this article.

Want to keep exploring?

Other life moments

How to get financial help when you're sick or injured

Having a financial plan in place in case of unexpected injuries or illness lets you focus on your health and your loved ones.

How to plan for unexpected illness and injury

Life is unpredictable. When it comes to dealing with illness and injury, our step-by-step checklist will guide you through the process.

Support when recovering from an illness or injury

Illness, accidents and injuries can be tough. Find financial and emotional support, plus help with your day-to-day at home and at work.

After more?

Life insurance

With NAB Essential Life insurance, you’ll receive financial support for you and your loved ones if you’re diagnosed with a terminal illness or die.

Home loan insurance

If you lose your job or become disabled from injury or illness, NAB Mortgage Protect can help cover your home loan repayments. It may also pay a lump sum to cover the loan balance if you’re diagnosed with a terminal illness or die.

Personal loan insurance

NAB Personal Loan Cover can help meet your loan repayments if you lose your job, are unable to work from injury or illness or diagnosed with a defined critical illness and may pay a lump sum to cover the loan balance if you die.

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