The 1st of July isnât just about flipping the calendar, itâs the ultimate opportunity to hit reset on your finances and set yourself up for a more empowered, more profitable year ahead.
Whether youâre a budgeting pro or just getting started, nowâs the time to take stock of where your money is going – and what itâs doing for you.
Here are 5 ways to kick off the 2025â26 financial year strong:
đ¸ 1. Rework Your Budget
You donât need spreadsheets and highlighters – just a clear look at your income and expenses.
Ask yourself:
- Are your essential costs rising?
- Are you putting money aside for savings?
- Could you allocate differently to free up cash flow?
đ Pro tip: Revisit your spending weekly, not yearly. Apps like MoneyBrilliant or Frollo can help you stay on track.
đ 2. Audit Your Subscriptions
Itâs amazing how many of us are paying for things we donât even use anymore.
Take 15 minutes to scan your bank statements for:
- Unused gym memberships
- Forgotten streaming services
- Free trials that quietly turned into monthly charges
You could easily save $500+ a year by cutting back here.
đĄ 3. Review Your Home Loan
One of the biggest missed opportunities we see is people sitting on outdated, high-rate home loans.
When was your last home loan review?
Are you still on a competitive rate?
Is your loan structured to help you pay it off faster or manage cash flow better?
đ A quick home loan health check could reveal options like:
- Lower rates
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- Offset accounts
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- Debt consolidation opportunities
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- Refinancing strategies that make sense
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Even a 0.25% drop in interest could mean thousands in savings over the next 12 months.
đł 4. Tackle Bad Debts
If youâre carrying personal loans, credit cards, or Buy Now Pay Later balances (Afterpay, Zip, etc), the new financial year is a great time to consolidate or restructure this debt.
Bundling these into your home loan (where possible) or refinancing to a lower rate can help:
- Simplify repayments
- Lower your monthly outgoings
- Free up mental space to focus on bigger financial goals
Just be careful not to rack the balances back up once theyâre paid out!
đŻ 5. Set Clear, Achievable Goals
Want to buy an investment property?
Upgrade the family home?
Become mortgage-free 5 years sooner?
Setting a financial goal (even a stretch one) gives your money purpose and helps guide your decisions through the year.
Break it down:
- Whatâs the goal?
- What will it take monthly?
- Whatâs your first step?
And donât forget to track your wins along the way even small ones count!
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đ Ready to make 2025/26 your best financial year yet?
At Mynt Financial, weâre here to help you take control – whether itâs finding a sharper rate, consolidating debts, planning that big move, or simply giving your finances a fresh set of eyes.
đ˛ Reach out today for a free loan and finance review.
Letâs get your money working harder for you this financial year.
Disclaimer: The information provided in this article is general in nature and does not constitute financial advice. You should consider your individual circumstances and seek advice from a qualified mortgage broker, financial adviser, or tax professional before making any decisions.
