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.

If you are struggling financially, talk to your doctor. They may suggest ways to reduce your treatment costs, or they might be able to see you as a public patient. Your doctor can refer you to a social worker or welfare officer for more information. 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 situation. A budget helps you understand how much money you have, how much money you spend, and how much money you need to cover your expenses (learn how to prepare a budget).

Take action

If you are 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 money situation. Often they will try to help you. For more information, see our Dealing with debts and Help with bills fact sheets.

Get help

Sorting out financial issues can strain 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 clarify your situation and find solutions. Call 13 11 20 to connect with Cancer Council’s Legal, Financial, Small Business and Workplace Referral Services, or contact the financial and support services listed here.

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