Federal Government Bonus
The federal government bonus was passed onto eligible families last week in Australia, as part of the Australian Government’s Economic Stimulus Package.
One can only imagine that it is a much needed help for families in need during these tough times, and those families will be either saving their money gifted to them by Kevin Rudd, or conservatively spending it on the essentials.
The next stage of the stimulus package, or the “Kevin Rudd Handout” as some are calling it, is being released to single tax payers in April, and it will be interesting to see if the money will be used toward spending, as the government intended to circulate some much needed money in the retail industry, or if people such as myself will be wise with that money and use it to pay off debt, or put in the bank to save for a rainy day.
Certainly with the economic crisis on everyone’s minds, people are being a lot more conscience of their spending decisions, and I for one will be putting the money towards necessities, reduce debt or saving the money.
For information on the Australian Government Tax Bonus Payment, visit the Australian Tax Office Website
Tags: Saving Money, Tax Bonus