**DISCLAIMER** There are things in here that I will be giving recommendations on because they are what I do. These are simply things that I do now that I wish 5 years ago me did. Also, and it goes without saying, but I am not an accountant or financial advisor. For specific advice, follow the first thing on the list.
And two last clarifications; Superannuation (or Super) is an Aussie version of a retirements and EOFY stands for End of Financial Year. Another thing we Aussies do different is our Financial Year runs June to July, right in the middle of the year. Don’t ask me why, I haven’t the faintest idea.
The 5 things I recommend you do between now and July 1st
1. Find an accountant you can trust
The relationship I have with my accountant is one I am so grateful to have. The good ones will answer your questions, help you find ways to problem-solve, they will have your best interests at heart. Gone are the days that you simply check in each tax time, create a relationship with them and it will pay dividends for years to come.
2. Take stock of your expenses and see where you can cut the fat
I have been absolutely guilty of having multiple subscriptions or things that I unnecessarily pay for. Things that pile up or create double ups, or even free trials that I accidentally forgot to cancel. These things get away from us, so EOFY is a great time to look at whether you need them still.
You may also want to look at re-evaluating what you still need and see whether negotiation is on the table. One of the little known secrets I shared with my subscribers in my newsletter was how to negotiate your Adobe subscription down. There is yet to be a single months I pay that horrendous $75+ subscription fee, and it’s all legit.