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Up to $500 in Matched Savings for Education Costs with Saver Plus from The Brotherhood of St Laurence

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Up to $500 in Matched Savings for Education Costs with Saver Plus from The Brotherhood of St Laurence
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dealman on 14/05/2017 - 21:54 bsl.org.au (296 clicks)
Last edited 15/05/2017 - 08:43 by 1 other user

Found a brochure to this in one of the community centers, Sounds like a good program for people to get a financial founding / basic education.

See details in the URL. Please do not Misuse, it's a community organisation, I haven't experienced it but from the brochure and link seems fairly straightforward, most attractive point being matched (free 500$ in savings)

**Best of luck in Saving **

Phone 1300 610 355
SMS your name and postcode to 1300 610 355
Email saverplus(at)bsl.org.au

Saver Plus assists individuals and families on lower incomes to build assets and improve financial capability, and has supported thousands of lower income earners to develop a lasting savings habit.

Saver Plus offers:

up to $500 in matched savings for education costs
fun, free and informal financial education workshops
assistance and support from a Saver Plus coordinator to establish a savings goal and develop a savings habit.
Participants make regular deposits towards a savings goal over a 10-month period and attend workshops to build their financial management skills. When participants reach their savings goal, ANZ matches the amount – up to $500 – towards education costs including uniforms, text books, laptops, sports equipment, music tuition, TAFE or apprenticeship costs, and much more.

Who is eligible?

You may be eligible to join Saver Plus if you:

have a Centrelink Health Care Card or Pensioner Concession Card
are at least 18 years old
have some regular income from work (you or your partner) including casual, part-time, full-time or seasonal employment
have a child at school or attend vocational education yourself

Just checked has been posted before> https://www.ozbargain.com.au/node/238710

Financial

Related Stores

Brotherhood of St. Laurence
Brotherhood of St. Laurence

closed Comments

  • [Deactivated] on 14/05/2017 - 22:00

    TL;DR
    is this free $500?

    • ChadHominem on 14/05/2017 - 22:15

      Yes

    • IainLMTA on 15/05/2017 - 08:29

      UP TO $500.

      $500 is a potential maximum.

      The "FREE" part is subjective.
      Pros: (1) some people may actually learn some budgeting/spending tips. (2) the dollar for dollar match
      Cons: (1) Massive time commitment - attending fortnightly sessions. (2) Affordability of saving that much if income is tight. (3) the waiting period

  • [Deactivated] on 14/05/2017 - 22:06
    -1

    Tempting, but having to attend financial workshops is kind of putting me off.

    • INFIDEL on 14/05/2017 - 22:20
      +2

      That's the basis of this deal from Brotherhood of St. Laurence etc - to teach you how to save. It's an education program for those without a saving history on welfare.

      At the end of 10 months you have up to $1000 only to be spend on education (half your money, half as incentive to save).

    • dealman on 15/05/2017 - 13:58

      Tempting, but having to attend financial workshops is kind of putting me off.

      The workshops are free, If you are struggling for finances then I don't understand what's the problem in attending and learning something useful.

  • Geekomatic on 14/05/2017 - 22:11
    +2

    You must invest $50 per month for ten months, into the Saver account, which they will match. At the end of the ten months, you may purchase your education items & close the account.

    Yes, it is a FREE $500!

    The financial workshop was very good, imho. I'm very glad I went.

    FYI

    • jv on 14/05/2017 - 22:24

      you may purchase your education items

      like a new ipad ?

    • [Deactivated] on 14/05/2017 - 22:32
      -1

      Do you have to purchase something or can you just transfer the money out? I would much rather use that money to pay uni fees, public transport and so on.

      • INFIDEL on 14/05/2017 - 23:20
        +2

        Again, you have to spend your $500max savings + incentive $500max from special account only on education expenses. You have to attend financial advice workshops to show you how to save.

        It's a program by charities to help those on welfare build savings habits & better themselves through education. If that's not you, move on to deals for you.

    • nocure on 14/05/2017 - 22:28
      +1

      Already noted in the description, why the neg….?

      • marka on 14/05/2017 - 22:29

        imo, not a bargain

        • nocure on 14/05/2017 - 22:32
          -2

          Your opinion is irrelevant and your neg is invalid, it's a bargain to me.

        • Empiresearth on 14/05/2017 - 22:49
          +3

          @nocure: Big bargain for me as well. Btw thank you OP.

        • marka on 14/05/2017 - 22:52

          Read the guidelines.

          Negging is to raise issues with the deal.

          This deal is in a moral grey area.

        • ChadHominem on 14/05/2017 - 22:58

          @marka:

          This deal is in a moral grey area.

          Please elaborate

        • outlander on 14/05/2017 - 23:27
          +9

          Bargain for those eligible, like the sort of people which might need to visit a bargain website to make ends meet

    • voteoften on 14/05/2017 - 22:32
      +2

      If you have those cards and think you will be spending money on an education related item, then it's a deal. Much like, not everyone may be interested in buying a brand new luxury car at 0% interest, if you are interested, then that offer may be a deal.

    • [Deactivated] on 14/05/2017 - 23:18
      -7

      Absolutely agree. This isnt meant to be taken advantage of or OzBargained. Leave it to the people and families that actually need it so they dont miss out, insteading of getting it for the sake of it being free. At best, this should be in the forums as a public service announcement.

      • FloatingPoint on 15/05/2017 - 02:10
        +3

        Who is eligible?

        You may be eligible to join Saver Plus if you:

        • have a Centrelink Health Care Card or Pensioner Concession Card
        • are at least 18 years old
        • have some regular income from work (you or your partner) including casual, part-time, full-time or seasonal employment
        • have a child at school or attend vocational education yourself.

        It cannot be taken advantage of easily anyway so I think it's fine to stay.

        Read the mod comment on OzHarvest post
        This deal falls into similar category and additionally it is quite hard to be exploited.

        • [Deactivated] on 15/05/2017 - 07:55

          I think very little ozbargain users are entitled to it anyway.

        • nocure on 15/05/2017 - 08:30

          @tuzii:
          How would you know?

        • [Deactivated] on 15/05/2017 - 08:37

          @nocure:
          with all the up votes on CC deals and Ebay deals, one can only assume.

        • Clear on 15/05/2017 - 11:09

          @tuzii: Votes don't mean a lot. I upvote heaps and buy 1% of it.

  • abc on 15/05/2017 - 09:05
    -6

    Please do not Misuse

    Then why did you post it on OzBargain?

    • dealman on 15/05/2017 - 13:57
      +1

      For the deserving to get it and learn from it.

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