Managing your NDIS budget well is the foundation for achieving your personal goals and living the life you want. We believe that with the right plan, support, and tools, participants can take control of their funding and make every dollar count.
Whether you are new to the NDIS or have an existing plan, budgeting plays a critical role in ensuring your supports align with your lifestyle and aspirations.
The National Disability Insurance Scheme (NDIS) gives eligible participants funding to access services and supports tailored to their individual needs. But while the funding offers incredible opportunities, it also comes with the responsibility of using it wisely.
Poor budget management can lead to running out of funds before the end of your plan. This can impact your ability to access vital supports and services. With proactive planning and the right guidance, this can be avoided.
Sometimes, your initial plan may not cover the full extent of the supports you require. If your funding doesn’t meet your needs, you can request a plan reassessment. At Capri Care Group, we help clients identify gaps and support them through the review process to ensure their plan reflects their circumstances.
Without regular check-ins, it is easy to lose track of your spending. By the time you notice, it might be too late to make adjustments. Reviewing your budget regularly can help you make small changes early, such as reallocating underused supports or reducing unnecessary expenses.
Unexpected costs can quickly drain your funding. It is important to confirm all service charges up front and ensure they comply with the NDIS Pricing Arrangements. Requesting a written service agreement can help you avoid surprises and manage costs effectively.
NDIS participants have three options when it comes to managing their funding. Each option offers different levels of flexibility and responsibility.
This approach gives you full control over your funding. You can choose your own providers (including those not registered with the NDIS), manage invoices, and negotiate prices. It requires careful record-keeping but allows for the most flexibility and independence.
A plan manager handles the financial side of your NDIS plan, including paying providers and tracking your budget. You still have choice and control over services, but with added support to manage the finances. This option combines flexibility with professional assistance.
Your funding is managed directly by the National Disability Insurance Agency (NDIA). Payments are made to registered providers only, and you do not need to handle invoices. While this option offers the least flexibility, it works well for participants who prefer structured support.
At Capri Care Group, we support you in understanding and managing your NDIS plan. Whether you need help navigating your options, preparing for a review, or choosing the right supports, we’re here to provide honest guidance and tailored support.
We believe in a person-centred approach, where you stay in control and feel empowered to make informed decisions about your future.
Book your complimentary consultation today.
Let’s work together to create a plan that truly supports your independence and goals.
