Top tips to plan for end of financial yearJune 30 might spark you to start looking to buy a new car, or cash in on the bargains at the end of financial year sales, but it should also be a time for you to tackle the important (albeit) less exciting tasks like organising your finances.
While we can’t lodge your tax return for you, we can help to make this time of year a little bit easier.
While you’re in the zone of going through your banking information, the new financial year is a great time to reset your money goals and set yourself up for a fruitful year. It can be as simple as looking into a People’s Choice savings account to boost your back up funds, or putting goals and plans in place for the future.
If you do receive a refund on your tax this year, stop and have a think about your upcoming expenses. Do you need to hit the sales or should you save those extra dollars towards some of you bigger bills throughout the year? Opening up a Dream Fund to put your tax return into is a smart way to think about your future self, you could even add a little to it each week. Give a thought to paying off debt on a personal loan or home loan if you come into “extra money” from your return – it could help you cut down on the interest you pay for the coming financial year.
In any case, tax time is a great time to tidy up your accounts, consolidate any debts and make your life a whole lot simpler when you come to do this again next year.
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End of financial year related articles
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