Tips To Make The End Of The Financial Year Faster, Cheaper And Easier

As much as throwing a tantrum feels like a natural option when it comes to organising your life for tax time, there are things you can do to make it seem less of a chore. While you’re organising your finances, it’s a good time to take care of other notoriously avoided tasks around the home. Here’s our list of the best deals and must-do tasks to get you sorted before June 30 rolls around (it’s not far away so get acting!)

1. Score A Great Deal On Car Insurance

EOFY is the perfect time to sort out your insurance — life, health, property and car. Australia Post offers car insurance that is super simple to arrange online — it takes literally five minutes to get a quote and right now the brand you know and trust is offering 25 per cent off policies purchased online before June 30. Get a quote and sign up here to see how much you could save. And while you’re at it, make sure your log book is up to date too!


2. Superannuation

It’s probably the most important investment you can make. If you’re over 50, look at increasing your super contribution if you can, while you still can. Up to $50,000 can be put towards your fund — you won’t be able to do this next year.


3. Digitise Your Receipts

Use Shoeboxed, Smart Receipts or Genius Scan to keep all of your paperwork in one handy place, that can be sent straight through to your accountant. And don’t forget the shredder to get rid of your documents once you’ve digitised them. No ore storing mountains of paperwork!

4. It’s Smoke Alarm Time!

June 30th and January 1st — these are the dates to check and replace the batteries in your smoke alarm. Make it a habit and you’ll remind yourself year after year.

5. Clear Out Clutter For Cash

Use the “Keep, Toss, Sell or Donate” rule, get yourself a nice pile of items you haven’t used for over a year. Unless you love them, sell them on eBay for some extra cash before your refund comes in. You’ll thank yourself.

6. Keep An Eye Out For EOFY Sales

Now you’ve made a bit of spare cash, it’s time to take advantage of the huge amount of sales on at this time of year. Download Slickdeals, Singsale or OzBargain to catch great deals as they go live.

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