Managing money matters

The Australian Government is once again supporting the Commonwealth Financial Counselling Program (CFCP) with funding of almost $2.7 million allowing forty-one community and local government organisations to provide free financial counselling services to people experiencing personal financial difficulties.

The Minister for Families and Community Services, Mal Brough, announced the funding today during his address at the opening of the Australian Financial Counselling and Credit Reform Association (AFCCRA) Conference.

"Over the last twelve months, the Commonwealth Financial Counselling Program (CFCP) has assisted 15,000 people around Australia and it is important this valuable service continues," Mr Brough said.

"The CFCP focuses on low income groups. As well as dealing with immediate situations, financial counsellors can assist clients in improving their ability to manage their financial situations in the future.

"CFCP organisations also undertake a range of community education programs to prevent financial difficulties including budgeting workshops for new parents, life skills workshops for high school students and information sessions held at drug rehabilitation centres.

"The service also provides financial counselling to older Australians who are facing debts in their retirement.

"The Australian Government will continue to support low income groups through providing services such as the CFCP."