Are You Really Saving Money By Buying From EOFY Sales?

Thought we’d share this interesting piece from the Sydney Morning Herald. It’s called Why End-of Financial-Year Sales Aren’t Worth It for the Tax Deductions.

It’s a thought-provoking piece. Here’s one insight that just resonated with us.

But buying things because you think you’ll get the entire amount back on your tax return is a bad move. You’ll usually end up out of pocket and with stuff you probably didn’t need to begin with. You’re probably much better off paying down your debts or saving your money for things that improve your financial position.

Interested in what the rest of the article has to say? Take a look at the full piece at this link to SMH.