How do I manage my finances?

The financial impact of cancer is different for each person and will depend on the cancer type, stage and treatment, as well as your financial situation before the diagnosis. Whether you have treatment as a public or private patient can also make a big difference to your costs.

If you are struggling financially, talk to your doctor about ways you could reduce your treatment costs. Your doctor can help you connect with a social worker or welfare officer who can provide more information about what financial and practical support is available.

In some cases, if you have no other way to pay for treatment, you may be able to access your superannuation early.

Make a budget

An important step in managing your finances is to fully assess your financial situation. A budget helps you understand how much money you have, how much you spend, and how much you need to cover your expenses (learn how to prepare a budget).

Take action

If you’re experiencing financial hardship, take action early to deal with the situation. The longer you wait, the more worrying the debts will become. Let the organisations you owe money to (your creditors) know about your diagnosis and financial situation. Often they will try to help you.

For more information, see our Help with bills fact sheet.

Get help

Dealing with financial issues can affect your wellbeing and your relationships (see How do I manage financial stress?). Talking to a trusted family member or a professional adviser about your finances may help you understand your situation better and find solutions. Cancer Council provides some legal and financial support services.

→ READ MORE: How do I manage financial stress?

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