--- title: JobKeeper and JobSeeker Supplement payments are ending – How will it affect you? description: Currently receiving JobKeeper or JobSeeker Coronavirus Supplement payments? How will you budget when they stop in March? Here’s what you need to know. image: https://lanyana.revivefinancial.com.au/hubfs/JobKeeper-and-JobSeeker-Supplement-payments-are-ending-%E2%80%93-How-will-it-affect-you.jpg --- [![DR-Logo---Powered-by-RF-(2021)-137x60px](https://lanyana.revivefinancial.com.au/hubfs/DR-Logo---Powered-by-RF-(2021)-137x60px.png)](https://debtrescue.com.au) Menu [Apply Online](https://solutions.debtrescue.com.au/online-assessment-form) [1800 003 328](tel:+611800003328) 1800 003 328 - [Recent Articles](https://solutions.debtrescue.com.au/articles) - [Debt Consolidation](https://solutions.debtrescue.com.au/articles/tag/debt-consolidation) - [Debt Agreements](https://solutions.debtrescue.com.au/articles/tag/debt-agreements) - [Informal Agreements](https://solutions.debtrescue.com.au/articles/tag/informal-agreement) - [Debt Relief](https://solutions.debtrescue.com.au/articles/tag/debt-relief) - [Bankruptcy](https://solutions.debtrescue.com.au/articles/tag/bankruptcy) - [Budgeting](https://solutions.debtrescue.com.au/articles/tag/budgeting) - [Business Debt](https://solutions.debtrescue.com.au/articles/tag/business-debt) - [Credit File](https://solutions.debtrescue.com.au/articles/tag/credit-file) - [Education](https://solutions.debtrescue.com.au/articles/tag/education) - [News](https://solutions.debtrescue.com.au/articles/tag/news) - [Research](https://solutions.debtrescue.com.au/articles/tag/research) - [1800 003 328](tel:+611800003328) Talk to a Professional Apply Online [1800 003 328](tel:+611800003328) Call Now # JobKeeper and JobSeeker Supplement payments are ending – How will it affect you? Posted by [Debt Rescue](https://lanyana.revivefinancial.com.au/articles/author/debt-rescue) on Mar 11, 2021 3:35:38 PM - [Tweet](https://twitter.com/share) [![Sort your budget before JobKeeper + JobSeeker stop | Debt Rescue](https://lanyana.revivefinancial.com.au/hubfs/JobKeeper-and-JobSeeker-Supplement-payments-are-ending-%E2%80%93-How-will-it-affect-you.jpg)](https://lanyana.revivefinancial.com.au/articles/jobkeeper-jobseeker-stopping-budgeting) Did you know that the government’s JobKeeper and JobSeeker Coronavirus Supplement payments are due to stop at the end of March? This may be unwelcome news if you’re struggling with debt and the financial fallout of COVID-19 and have been relying on the support to get by. If these payments have become a crucial part of your weekly or monthly household budget, now’s the time to revisit your incomings and outgoings to ensure you have enough to cover the essentials and the little extras in life. ## When do JobKeeper and JobSeeker wrap up? The dates for the end of JobKeeper and JobSeeker are as follows: - **JobKeeper payments end date:** 28 March 2021 - **JobSeeker Coronavirus Supplement end date:** 31 March 2021 The wrapping up of these two emergency support measures isn’t an all or nothing transition. Since they were first introduced on 30 March 2020, JobKeeper payments and the JobSeeker Coronavirus supplement have been steadily declining. JobKeeper payments have gone from $1,500 when they were first introduced in March 2020 to $1,000 (Tier 1) and $650 (Tier 2) in Extension Two of the support. Likewise, the Coronavirus supplement has dropped from $550 to $150. This steady decline means that you may have already had to readjust your budget several times to accommodate reduced payments. If you’re struggling to manage, now’s the perfect time to get planning and get ahead. ## The beauty of cash calculators A good place to start when budgeting your income without JobKeeper or JobSeeker payments is using an online [budgeting calculator](https://debtrescue.com.au/calculators/budget-calculator/) or tool. These can help you to work out exactly how much you spend over the course of the year. By considering your income and your spending (outgoings), including your household costs, personal spend, debts, insurance and more, they can help you figure out how much you need to put aside each month, as well as what’s leftover. If the balance is bleak and your outgoings overtake your income, and/or you have significant debt spread across a mortgage, car loans, personal loans and/or credit cards, you can also use [calculator tools](https://debtrescue.com.au/calculators/) to help you figure out how much each is costing you. ![Is-Your-Business-In-Financial-Distress](https://lanyana.revivefinancial.com.au/hubfs/DR%20Blog%20CTA%20Banner%20-%20Personal%20Debt%20Solutions.gif) ## The sooner you budget, the better While it can be tempting to turn a blind eye to an ‘unfavourable’ financial situation, ignoring the reality will only worsen your money woes. Worst-case scenario, if debts are left unchecked, creditors will start chasing you for repayments and may begin legal proceedings against you. ## Simple ways to cut back before the support stops If you’re likely to be hard, or even partially, hit when the JobKeeper scheme and JobSeeker Coronavirus Supplement payments wrap up at the end of March, as well as doing some immediate budget planning, here are some simple money saving and budgeting ideas: - **Smooth your household bills** – This means requesting to pay your bills in smaller, more manageable amounts, either weekly or fortnightly, instead of all in one go. This can help you budget better. - **Refinance your mortgage** – With interest rates starting from 2 per cent, now could be a wise time to get a new home loan. The current low rate and the fact that you have predictable payments each month makes fixed a desirable choice. - **Shop around** – From your insurance to your bills and subscriptions, don’t just stick to one provider because you always have. By seeing what offers are available in the market and shopping around, you can make impactful savings. - **Consolidate your debts** – If you’ve got multiple credit cards with bulging limits as well as personal loans, it can be hard to keep track and manage all the payments. [Consolidating your loans](https://debtrescue.com.au/calculators/debt-consolidation-calculator/) right now will make things much easier and reduce your interest rates. - **Make smarter meal plans** – Household groceries can eat into a huge portion of your income. It's incredible what you can save with some intelligent meal planning and a move to lower-priced brands. - **Resist impulse buying** – When you see something you want, don’t just whip out the credit card and buy it straight away. Give yourself a 24-hour cooling off or consideration period. You’ll be surprised how the urge dulls. ## You still have time to prepare for the income drop If the prospect of losing your JobKeeper or JobSeeker Coronavirus Supplement support is giving you cause for concern, don’t panic. By taking a good hard look at your finances and getting on top of your budgeting, you could make things work. Plus, you can create some good money habits in the process. ### If you need help budgeting or you've reached a point where the debt has already piled up, get in touch with our experienced Debt Rescue team today on **[1800 003 328](tel:1800%20003%20328) for a free, confidential consultation. Alternatively, use our [free online assessment](https://solutions.debtrescue.com.au/online-assessment-form) for an instant debt analysis to see what your options are.** Topics: [Budgeting](https://lanyana.revivefinancial.com.au/articles/tag/budgeting), [Debt Consolidation](https://lanyana.revivefinancial.com.au/articles/tag/debt-consolidation), [Personal Debt](https://lanyana.revivefinancial.com.au/articles/tag/personal-debt), [debt](https://lanyana.revivefinancial.com.au/articles/tag/debt), [debt help](https://lanyana.revivefinancial.com.au/articles/tag/debt-help), [Calculator](https://lanyana.revivefinancial.com.au/articles/tag/calculator), [Budget Planner](https://lanyana.revivefinancial.com.au/articles/tag/budget-planner), [JobKeeper](https://lanyana.revivefinancial.com.au/articles/tag/jobkeeper), [JobSeeker](https://lanyana.revivefinancial.com.au/articles/tag/jobseeker), [coronavirus supplement](https://lanyana.revivefinancial.com.au/articles/tag/coronavirus-supplement), [Job Keeper Changes](https://lanyana.revivefinancial.com.au/articles/tag/job-keeper-changes), [jobkeeper dates](https://lanyana.revivefinancial.com.au/articles/tag/jobkeeper-dates), [centrelink jobkeeper](https://lanyana.revivefinancial.com.au/articles/tag/centrelink-jobkeeper) ## More Articles - Recent Articles - Debt Consolidation - Debt Agreements - Informal Agreements - Debt Relief - Bankruptcy - Budgeting - Business Debt - Credit File - Education - News - Research ### Subscribe Here! ### Get the Latest Debt Free and Budgeting Advice straight to Inbox Free ### Recent Posts ### If you are in too deep with debt, we here to rescue you. We have the right solution for your situation. Contact us today. No obligations, just solutions! ## Talk to an Aussie who cares. [Get Started](https://solutions.debtrescue.com.au/online-assessment-form) [![DR-Logo-v3-1](https://lanyana.revivefinancial.com.au/hubfs/DR-Logo-v3-1.png)](https://debtrescue.com.au/) **Affiliated with:** ![ias-white-logo](https://lanyana.revivefinancial.com.au/hs-fs/hubfs/ias-white-logo.png?width=250&height=118&name=ias-white-logo.png) **Member of:** ![pipa_logo_white](https://lanyana.revivefinancial.com.au/hs-fs/hubfs/pipa_logo_white.png?width=250&height=72&name=pipa_logo_white.png) [Privacy Policy](https://debtrescue.com.au/privacy-policy/) | [Terms of Use](https://debtrescue.com.au/terms-of-use/) © 2019 Debt Rescue. All rights reserved. Debt Rescue Pty Ltd is a company that is part of Revive Financial Group Pty Ltd (Group). All of our Australian Credit Licenced activities within our Group are undertaken by our related bodies corporate Revive Financial Lending Pty Ltd ACN 152 573 610, Australian Credit Licence 418721 and Revive Financial Pty Ltd ACN 621 446 697, Australian Credit Licence 503321 and Revive Debt Agreements Pty Ltd CAN 133 509 654, Authorised Credit Representative Number 452856 and Registered Debt Agreement Administrator Number: 1337. Liability limited by a scheme approved under professional standards legislation. ## What Kind of Debts Do You Have? ![](https://debtrescue.com.au/wp-content/uploads/2020/11/Credit-card-icon.png) Credit/Store Card ![](https://debtrescue.com.au/wp-content/uploads/2020/11/Personal-loan-icon.png) Personal Loan ![](https://debtrescue.com.au/wp-content/uploads/2020/11/Pay-day-loan-icon.png) Pay Day Loan ![](https://debtrescue.com.au/wp-content/uploads/2020/11/tax-debt-icon-green.png) Tax Debt ![](https://debtrescue.com.au/wp-content/uploads/2020/11/Unitilties-Icon.png) Utility Bill ![](https://debtrescue.com.au/wp-content/uploads/2020/11/other-icon.png) Other Please select at least one type of unsecured debt. Next ## How Much Money Do You Owe? $10,000 $1,000 $100,000+ Next ## Find Out How To Reduce Your Debt ### Your First Name ### Your Last Name ### Your Email ### Your Phone Phone number must be 10-digits long and begin with a 0. (e.g. 04 1234 5678) ### Your Post Code Post code must be 4-digits long (e.g. 4567) Some of your details appear incorrect. Please update the highlighted fields and re-submit. Submit ## Congratulations! ### You've taken the first step to becoming debt free Let's keep the momentum going and complete our assessment form to receive an instant debt analysis. [Start Instant Assessment](https://solutions.debtrescue.com.au/online-assessment-form) By submitting this form you acknowledge that you have read and accept our [Privacy Policy](https://lanyana.com.au/privacy-policy/)