How to Maximise the 2026/2027 Financial Year

Now is the perfect time to review your finances, learn what you can claim on tax, restructure things if needed, ask your work about salary sacrificing, make plans to increase your income, all of it.

1. Learn what you can claim on tax based on your circumstances. 101 Ways to Save Money on Your Tax - Legally! 2026 - 2027 is a book that can get you started. Spending $22 on it to potentially get hundreds or even more back is worth it. Tax Secrets of The Rich is another good read.
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   Another option is to speak with a tax professional so you can be sure to have things set up correctly.
2. Learn how to make your tax return go further. Since you will be doing your tax soon, use these tips to make that money do more for you. Also check out how even $100 used wisely can improve your life.
3. Follow the professional advice you get and learn more from those who are in financial positions you want to be in. E.g. how the top 1% manage their money and these 21 habits of the wealthy.
4. ​Get a free account with WeMoney to budget better.
5. ​Look at ways to increase your income and be sure to ask your work about your salary sacrificing options.
6. ​Use these tips to get rich being lazy with money and these tips to increase your net worth.
7. ​Review any vouchers and freebies you might be entitled to because there are changes every financial year!

Review Your Finances

Do a full financial review, check your statements, cancel subscriptions, compare providers for electricity, internet, health insurance and all other insurances and so on.

​Review every expense you have and how you can reduce it.

A few suggestions:

Get fee free banking with Up who are backed by Bendigo plus a $21 cahs bonus instantly. You can have numerous accounts for different things, lock your savings, automate round ups, have joint accounts, win back the cost of your coffee and more.

Activate cash back programs before you buy anything, including signing up for new internet or electricity plans! Coupert is one that also scans for better deals, ShopBack has saved us thousands and has upsized cash back offers plus other ways to save.

Travel: Booking.com is consistently the cheapest for us with everything.

Alcohol: Save on wine with GoodPairDays or $100 off Naked Wines (who are already discounted).

Food: Get discounted food using meal kit offers e.g up to $295 off Marley Spoon and others here.

My Debt Journey

Last week I shared my horrific consumer debt of $59.973.72 and my goal to clear it.

I will be sharing monthly updates on the specific numbers.

This week was unusual, I got a bonus, sold some things, got paid to sell things for a friend, did some babysitting and cleaning.

I also made $30 with online surveys with Octopus Group.

Right now I am tracking my expenses so I can see exactly where to cut back as well. I got into debt mainly due to poor spending habits, so I need to learn how to plug those leaks!

Interesting Finance Things From Others

As someone who is currently $60,000 in debt, this discussion on Facebook from Aussie Debt Free Girl about the most financially irresponsible thing you have done is fascinating!

​Tribe FI has some great tips on the new financial year.

​Aspiring Millionaire is doing some interesting challenges this year including finding ways to make and save $27.40 a day to have $10,000 at the end of the year.

​Saving Towards Debt Free is another Aussie sharing their debt free journey and tips.

Money Books and Resources

​Sort Your Money Out: and Get Invested by Glen James (an Aussie) is another book I am reading to help me stay focused and learn more about my money habits so I can improve.

Reading finance books helps keep my mind on my goals. I learn something new in each one.

I want to get my debt cleared asap and invest to build an incredible future for myself and my kids.

The Thrifty Issue Community

For more and to connect with others check out The Thrifty Issue Facebook group, Facebook page, Instagram, Pinterest.​