Prioritise Financial Well-being
Before indulging in holiday plans, consider using your tax refund to bolster your financial health. Paying down high-interest debts, such as credit cards, can save you money in the long run. According to Heritage Bank, the average credit card balance in Australia was $3,461 in March 2025, with an average interest rate of 20.99%.
Budget for Holiday Fun
Allocate a portion of your refund specifically for holiday activities. Setting a clear budget helps in planning and ensures you don’t overspend. MyBudget suggests treating your tax refund as a bonus and using it to set yourself up for lasting financial success.
Affordable School Holiday Activities
Explore Free and Low-Cost Options
There are numerous activities that won’t break the bank:
- Libraries and Museums: Many offer free or low-cost programs during school holidays.
- Community Events: Local councils often host free events, workshops, and entertainment suitable for families.
- Outdoor Adventures: Parks, beaches, and hiking trails offer opportunities for picnics, games, and exploration at minimal cost .
Embrace the Staycation
Consider a staycation to enjoy local attractions without the expense of travel. The Travel Temple suggests that fancy CBD hotels often have discounted rates during school holidays, making them an affordable option for families.
Tips for Budget-Friendly Holidays
- Plan Ahead: Early planning can help you take advantage of discounts and avoid last-minute expenses.
- Set Daily Spending Limits: Establishing a daily budget for activities and meals can prevent overspending.
- Involve the Kids: Engage children in budgeting and planning to teach them valuable financial skills.
By thoughtfully allocating your tax refund and exploring cost-effective activities, you can enjoy a fulfilling and budget-friendly school holiday period.
