The 1st of July isn’t just about flipping the calendar, it’s the ultimate opportunity to hit reset on your finances and set yourself up for a more empowered, more profitable year ahead.
Whether you’re a budgeting pro or just getting started, now’s the time to take stock of where your money is going – and what it’s doing for you.
Here are 5 ways to kick off the 2025–26 financial year strong:
💸 1. Rework Your Budget
You don’t 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?
👉 Pro tip: Revisit your spending weekly, not yearly. Apps like MoneyBrilliant or Frollo can help you stay on track.
📉 2. Audit Your Subscriptions
It’s amazing how many of us are paying for things we don’t 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.
🏡 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One of the biggest missed opportunities we see is people sitting on outdated, high-rate home loans.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?
📌 A quick home loan health check could reveal options like:
- Lower rates
- Offset accounts
- Debt consolidation opportunities
- Refinancing strategies that make sense
Even a 0.25% drop in interest could mean thousands in savings over the next 12 months.
💳 4. Tackle Bad Debts
If you’re 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 they’re paid out!
🎯 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:
- What’s the goal?
- What will it take monthly?
- What’s your first step?
And don’t forget to track your wins along the way even small ones count!
🚀 Ready to make 2025/26 your best financial year yet?
At Mynt Financial, we’re here to help you take control – whether it’s finding a sharper rate, consolidating debts, planning that big move, or simply giving your finances a fresh set of eyes.
📲 Reach out today for a free loan and finance review.
Let’s 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.
