Pay Debt with Stimulus Bonus

pay debt stimulus

The first of the Federal Government’s stimulus bonus payments are being sent this week. Payments will be made in a random order, according to postcodes. In order to receive your bonus, you need to file your 2007-08 tax return before June 30th this year.

Taxpayers earning less than $100,000 will receive a one-off bonus of up to $900, as part of the Federal Government’s $42 billion stimulus package.
The idea is to spend your bonuses to help stimulate the Australian Economy. Keep in mind when purchasing certain products such as electronics, you will most likely not be supporting Australian products, however you are supporting Australian jobs.

Stimulus for Australians

Whilst we are not in any way against stimulating the economy, as a financial company we know all too well the debt problems people can get themselves in with too many finance options available too them such as personal loans, home loans, unpaid defaults, business loans, commercial loans and most commonly credit card debt. For this reason our best suggestion is to take your $900 and place it on any overdue finance. This could help prevent you from having bad credit and debts for the time being.

Alternatively we would suggest starting a savings plan. In today’s uncertain market you never know when you might become jobless, receive a pay cut or need debt relief.

Share on facebook
Share on google
Share on twitter
Share on linkedin
Share on pinterest

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Posts

jobseeker changes
Jack Richings

Jobseeker Changes Incoming…

The Government brought in financial incentives to help Australians through the COVID-19 crisis. However, from 25th September, jobseeker changes are coming in…

Read More
personal loans with no credit check
No Credit Check Loans
Jack Richings

Personal Loans With No Credit Check

Personal loans are a great cash injection. Do you want a quick & easy option with no impact on your credit score? Consider personal loans with no credit check.

Read More
Australian Economy 2020
Jack Richings

Australian Economy 2020

Bush fires, drought, flooding & the Covid pandemic have made 2020 a year to never be forgotten. But how has this affected the Australian Economy 2020? Find out.

Read More
what is debt management
Debt Management
Diane Challis

What Is Debt Management?

Ultimate Debt Management Guide – We discuss the difference between good vs bad debt & give tips on how to escape debt. Find out what is debt management here…

Read More