Smart Ways to Use Your Tax Refund in Australia
Smart Ways to Use Your Tax Refund in Australia Tax refunds can feel like a bonus, but instead of spending it all, why not put it to good use? Here are smart ways to make your tax refund work for you in 2025 — whether you're saving, investing, or simply getting ahead financially. 💸 1. Pay Down High-Interest Debt Using your refund to pay off credit card or personal loan debt can save you significant interest in the long run. 🏦 2. Boost Your Emergency Fund A healthy emergency fund should cover 3–6 months of expenses. Tax refund = a great top-up opportunity. 📈 3. Start or Increase Investments Consider low-cost ETFs via platforms like eToro or Sharesies Use micro-investment apps like Raiz or Spaceship for hands-off investing 🎓 4. Upskill or Learn Something New Online courses, certifications, or licenses can expand your career options and increase earning potential. 💼 5. Prepay Bills or Expenses Use the refund to cover school fees, utilities, or insurance p...