Your New Financial Year Finance Checklist for 2025
As we enter a new financial year, July presents the perfect window to reset, realign, and refocus your financial goals. Whether you’re a homeowner, a business owner, or simply looking to build better financial habits, this is the month to take action. Why? Because starting strong in July sets the tone for everything that follows—whether that’s managing cash flow, reducing debt, or identifying smarter investment opportunities. And in a year shaped by interest rate shifts and evolving economic conditions, clarity and structure are more important than ever.
Here’s your new financial year finance checklist, with five essential actions to get you on the front foot for the 2025 Financial Year.
1. Review Your Budget with a Planning Tool That Works
Start by knowing exactly where your money is going. July is an ideal time to reassess your spending patterns and build a realistic, achievable financial plan for the year ahead.
Using a budget planner tool can help you:
- Track income vs expenses
- Identify areas to reduce spending
- Set savings goals that align with your lifestyle
- Allocate funds for unexpected costs or opportunities
At Taper Financial Solutions, we offer a free, easy-to-use Budget Planner Calculator designed to give you clarity and confidence as you plan for the months ahead.
📌 Top tip: Review your last 3–6 months of spending to spot recurring costs you can eliminate or reduce. It’s amazing how much gets lost in subscriptions, interest, or inconsistent billing.
2. Complete a Mortgage Review to Improve Cash Flow
Have you reviewed your home loan recently? If not, now’s the time.
A mortgage review can reveal whether your current loan is still competitive and aligned with your needs. With the Reserve Bank signaling changes ahead, locking in a better rate or restructuring your loan could lead to significant savings.
Here’s what to look for:
- Is your interest rate still competitive?
- Are there better features available (like offset accounts or redraw options)?
- Could refinancing reduce your repayments or term?
Whether you’re a first-home buyer, an investor, or simply overdue for a review, our team can help you compare options and structure your loan around your financial goals.
📌 Pro tip: A review doesn’t mean you have to switch lenders—it’s about understanding what’s possible and ensuring your loan supports your long-term financial wellbeing.
3. Reassess Your Business Lending
If you own a business, July is a critical time to evaluate how your current funding arrangements are supporting (or limiting) your growth.
Ask yourself:
- Has your cash flow changed since you secured your loan?
- Are your repayments manageable based on seasonal fluctuations?
- Could you benefit from better structuring, consolidation, or an equipment finance facility?
Taper Financial Solutions works with businesses across Queensland to help realign lending structures in line with strategic goals. Our team specialises in tailored business loan reviews—from working capital facilities to asset finance—and can help you access flexible terms through our national panel of lenders.
📌 Real-world benefit: Refinancing your business loan or restructuring repayments at the start of the financial year makes forecasting and budgeting much easier for the year ahead.
4. Check Your Borrowing Power Before You Act
Planning a major purchase in 2025 Financial Year? Whether you’re considering a new home, vehicle, or commercial investment, it’s important to know your borrowing limits before entering any negotiation.
Our free Borrowing Power Calculator can help you:
- Understand how much you may be able to borrow
- Test different income and expense scenarios
- Compare results between lenders
- Plan your repayments with realistic expectations
This step is essential for reducing stress, improving confidence, and making informed decisions when the right opportunity appears.
📌 Tip: Even if you’re not ready to commit, running the numbers now puts you in a much stronger position when you are.
5. Book a Strategic Finance Session
Last but certainly not least: get expert support. The financial landscape is constantly shifting. Regulations change. Markets respond. And your circumstances evolve.
Having a strategic session with an experienced finance broker helps you:
- Review your position from all angles (personal and business)
- Identify risks and opportunities
- Get access to better rates, lenders, or tools
- Create a forward-looking strategy tailored to your needs
Taper Financial Solutions offers personalised consultations with deep insight into both residential and commercial lending. We’ll help you make decisions that not only make sense now—but support your success 6, 12, or 24 months from now.
Start the 2025 Financial Year with Confidence
Taking these five steps now means you’re not just reacting to financial pressures later—you’re proactively building a financial strategy for the year ahead. From leveraging the right tools to getting the right advice, every move you make in July sets a stronger foundation for the 2025 Financial Year.
📩 Need help getting started? Contact Taper Financial Solutions today to book your new financial year review.
Frequently Asked Questions (FAQs)
1. What is a new financial year finance checklist?
It’s a list of practical actions—like reviewing your budget, loans, and borrowing power—that help set you up for financial success at the beginning of a new financial year.
2. How often should I do a mortgage review in Australia?
We recommend reviewing your home loan at least once a year or whenever your circumstances change. A mortgage review can uncover opportunities to save money or access better loan features.
3. What is the benefit of using a budget planner tool?
A budget planner tool helps you visualise your income, spending, and financial goals. It gives you control over your cash flow and identifies areas for improvement.
4. Can I review both my business and personal finances at the same time?
Absolutely. In fact, reviewing both together helps you align your strategies and ensures your financial decisions support your overall goals.
