5 tips for making the most of your NDIS Plan budget.
Around 25% of NDIS funding goes unspent each year. That’s a lot of funding for supports and services that could help you achieve your goals. With changes to the NDIS continuing to roll out, it’s more important than ever to understand your budgets and make sure your funding is working for you. We take a look at the common reasons you may not be spending all your funds and share some practical tips for using your plan budgets. Reasons for having unspent funds. There are many reasons people reach the end of their NDIS Plans without having spent all their allocated funding. Some of the common ones include: Lack of confidence in how to use your funding Saving funds to the end in case you need them Circumstances have changed and you didn’t need all the funding provided Unable to find providers for the services you need Illness or periods of being unwell affecting access to therapies High-cost assistive technology that was funded but unavailable Tips for using all of your plan budget. 1. Understand how your funding is allocated. The role of the NDIS is to help you cover the cost of services and supports related to your disability.
