What are the smart ways to use your refund?

In Australia, this year before you hurry to the shops on a spending spree or make a spur of the moment purchase. And also, you could consider a less smarter ways to take this year’s tax refund and bring it to work for you. According to ASIC, a person who retires at 65 with a modest lifestyle, they  will need $300,000 in today’s money to retire. Those who want a ‘comfortable’ lifestyle  will need at least $544,000 to retire. These are the super contribution top-up by that  government. And also, a better deduction on next year’s return for buy work related equipment items and that cost should be over $300. The number of Australian are interested in investing, but they didn’t know how to start or can’t commit huge amounts of money for buying shares. So, try a micro-investment is an interesting option.  Then, save your tax refund in  a term deposit for your children. Using your tax refund to lower your credit card debt or pay it off. And then, put your tax refund into a mortgage offset account.