thread: Can someone explain this budget to me??

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  1. #1

    Jan 2011
    Townsville, QLD, Australia
    512

    I don't know very much about it, but from what I gather, they haven't cut payments per say, they've just frozen them. So they wont be adjusting them in line with raises in pay or increases in cost of living and interest rates things like that. What that means is say you're only just qualifying for a payment now, if you get a pay raise, you may bump yourself out of qualifying for that payment anymore. If your income doesn't change, then nothing should change but that also includes the amount you get. So if you're used to payment increases over time or whatever, factor into your budget that that will not be happening this year.

    I think if you're on jobseeker you might have to show more evidence of looking for work too, but I don't know.

    All I really know is that I was already terribly off, and now I might as well go jump off a cliff.

  2. #2
    Registered User

    Jan 2009
    5,235

    Didn't watch the budget, as a single person, I learned pretty early on that we never qualify for anything in any budget, I know families struggle, but singles have bills too.

  3. #3
    Registered User

    May 2008
    ...where jumping on the bed is mandatory!
    2,225

    All I really know is that I was already terribly off, and now I might as well go jump off a cliff.
    think il be joining you!!

    ausgirl: that sucks!!