Happy New Financial Year! Ten Top Tips for the 2024/2025 Financial Year
Happy New Financial Year! The confetti has settled, and the champagne bottles are empty,
but the fun doesn’t have to stop. As we step into the 2024/2025 financial year, it’s time to
embrace fresh beginnings and set ourselves up for success. Here are ten top tips to keep
your finances in tip-top shape, with a sprinkle of fun and quirkiness to keep things
interesting.
1) Set fun financial goals:
Why not aim for something fun like a dream vacation or a shiny new gadget? Setting
exciting goals can make budgeting feels less like a chore and more like a worthwhile
challenge.
2) Create a detailed budget:
Make time to connect with your bookkeeper so you can create a detailed budget. It
always makes it easier when you know where you are, where you’re heading and
how you plan on getting there.
3) Get App happy:
Establish which apps you have, which apps you need and what apps can make your
life easier and then invest in the time to set them up, use them correctly and get the
most out of them!
4) Mini Challenges:
Set mini challenges, like a no spend week, or a saving sprint – reward yourself with a
treat when you succeed!
5) Cut expenses:
Have a thorough look at all your expenses, what do you need, what can you cut and
then CUT! As they say…. “Take care of the pennies and the pounds take care of
themselves”!
6) Declutter:
Clear out the clutter and donate items you no longer need. Not only will you create a
more organised space, you are likely to have helped someone else!
7) Donate and enjoy the tax deductions:
Which is your favourite charity? What can you donate and when – weekly, monthly or
once off? The feel-good factor will be sky high AND you will score with some tax
deductions!
8) Stay on top of your taxes:
Staying om top of your taxes reduces stress and means you have no unexpected
surprises.
9) Celebrate small wins:
Don’t forget to celebrate the small wins! This allows you see how far you have come
AND who doesn’t like a small reward to keep them motivated!
10) Reflect and Plan:
Just as you celebrate the small wins, celebrate the big ones too! Party hard and then
slow down to plan your next move!
Here’s to a fabulous 2024/2025 financial year filled with smart choices, exciting goals, and
plenty of fun along the way. Remember, managing your finances doesn’t have to be dull.
With a little creativity and a lot of enthusiasm, you can make this new financial year your best
one yet!
If you are wanting to work with a bookkeeper who is able to work with you to ensure that
2024/ 2025 is all you wish it to be and more, I invite you to reach out to me so we can have a
chat and see how I can help you. Cheers to financial happiness!
