Skip to main content

Financial mid-year review

We are at the mid-way point of the financial year, and it’s the perfect time to take stock of your current situation.


Kids are going back to school, Christmas credit card bills are starting to roll in and a lot of people are finding themselves taking stock of what they want to do or achieve for the year ahead. This is the perfect time to revisit your budget and set plans in place for the remainder of the financial year.

Education budget

As a new school year begins it is important to ensure you have budgeted enough money for important expenses like school fees, but also some of the often-forgotten expenses such as new uniforms, books, stationary and also commuting costs. Does your child use public transport to get to and from school? If so this can be a major expense for families.

Remember to track your spending, review your expenses and always leave a little room to move.

Credit card payments

The Christmas and New Year period is one of the most relaxing holidays of year – at least it is supposed to be. Many of us float the Christmas consumer period through lines of credit, which is fine, if you’ve got a payback plan already figured out. Don’t get caught in the trap that many Australians find themselves in during third financial quarter, always have a credit repayment plan in place.

Again, this can be done tracking spending which at high purchase times of year is integral. Always spend within your means and if you are taking out credit cards or loans, ensure you will be earning enough come the new year to make your repayments.

Speaking to your financial adviser can be an effective way of managing budgets and spending habits for many families and individuals. And good financial planning is about helping you afford to do what you want to do, and setting yourself up to protect your family if things go wrong.


It’s a great time to review your insurances as well – just as you review your utility bills, car and health insurance, you should always look to protect what matters most – you and your family.

Our financial advisers can help you look at levels of insurance tailored to your situation and can recommend the best on the market. Get in touch today for a quick review.

Royal Commission

The Royal Commission into Banking and Financial Services is due to hand down its final findings in early February. As we eagerly anticipate the release of these findings, we acknowledge the necessity of such a diligent process.

The findings will be leading news stories and fodder for broadcasters and industry professionals alike, however it is important to remember that they are, at this stage, recommendations and not law.

This is not a time for knee-jerk reactions. We will digest and think things through based on these findings, and work with government on the best and most appropriate responses for all parties. In meantime, our advisers will remain focussed on helping our clients thrive.

Matt Brown

Executive General Manager - Advice


Five innovative ways to wellbeing

Wellbeing is all about doing the things that make you feel great. If you’re looking for some alternative ideas, here are five options you might like to try.

Continue reading


The support carers need, and how to find it

Caring for a loved one can be a rewarding role, particularly when support is on hand for the carer.

Continue reading


Enjoying the benefits

Making the switch from the Commonwealth Home Support Programme to a Home Care Package.

Continue reading