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More Aussies to save their tax returns this year.

A recent survey of 2000 taxpayers found that almost half (46%) will be putting their 2017/18 tax returns in the bank instead of spending it. This is significant increase on last year when only a third (31%) had planned to do so.

As I've said here before, saving is awesome but paying down debt is even better!!!

Last week I wrote that the $10 a week planned tax cut would make a significant difference to a home loan. See here.

Look at any higher interest debt that you may have first; for example pay off any credit cards or personal debt before tacking the likely lower interest rate of your home loan.

Less debt means more cash flow!




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