More local families will be able to get support to help manage their finances, achieve their savings goals, and reduce pressures on their household budgets thanks to the Liberal and Nationals Government.

Under the plan an additional $10 million will be provided to not-for-profit organisations, as part of the Financial Counselling Services Program, to provide more financial counselling to families across the state.

State Member for Ku-ring-gai Alister Henskens SC said this funding boost would double the capacity of the program so more people can get access to the financial guidance they need.

“We recognise there is significant pressure on household budgets right now from higher inflation and interest rate rises,” Mr Henskens said.

“There are many families across NSW who are doing it tough. We will make sure more financial counselling is available to those who are experiencing financial stress and hardship.

“This funding boost will mean organisations can take on an extra 100 financial counsellors who will be able to provide free and confidential advice on a wide range of financial matters such as budget planning, dispute resolution or assistance with accessing government rebates.”

“This is about ensuring that local families get the support they need to find a pathway forward.

“The Liberal and Nationals Government will also continue to support households through our $250 energy bill saver, our toll relief rebate scheme, small business rebate, our active kids and creative kids vouchers, regional seniors travel card and more.

“We want to make sure the next generation are financially secure through our Kids Future Fund, which will futureproof the finances of kids,” Mr Henskens said.

Only a Liberal and Nationals Government can be trusted to take pressure off household budgets, thanks to our long-term economic plan to keep our state moving forward.

The Financial Counselling Services Program provides funding to not-for-profit organisations that employ trained financial counsellors to assist families.

For more information, visit the Financial Counselling Service Program website.