How To Save And Not Spend Your Tax Cut

Australian households are set to benefit from tax cuts from July 1, the result of the controversial changes announced by the federal government in January. Under the reworked stage three tax cuts plan, taxpayers will see an average tax saving of $1,888 or roughly $36 per week.
The tax cuts come at a time when rising costs and high interest rates have put household budgets under pressure, and understandably many households will put the extra money in their pay packet to paying down debt or bills. Still, money experts believe some or all of the benefits should be used to boost your long-term finances—wherever possible.

To know more: https://www.forbes.com/advisor/au/personal-finance/how-to-save-not-spend-your-tax-cut/