Assessed as financially competent

A young person is generally considered to be financially competent where they have:

• earned their budgeting incentive and
• shown consistent, sound financial judgement which may include:
  • the young person is spending their in-hand allowance on items that are appropriate for their situation
  • any hardship assistance is justified
  • the young person has lowered their costs
  • the young person has found a part-time job and is managing the money they receive from that in a way that is appropriate for their situation

For more information see:

• Earning the right to receive payment directly
• Continued compliance with their obligations