{"id":10275,"date":"2026-09-08T07:30:00","date_gmt":"2026-09-07T21:30:00","guid":{"rendered":"https:\/\/onthecoastpublications.com.au\/onthecoastfamilies\/?p=10275"},"modified":"2026-09-08T07:30:00","modified_gmt":"2026-09-07T21:30:00","slug":"new-financial-year-money-reset-central-coast-families","status":"publish","type":"post","link":"https:\/\/onthecoastpublications.com.au\/onthecoastfamilies\/new-financial-year-money-reset-central-coast-families\/","title":{"rendered":"New Financial Year, New Money Habits: A Family Money Reset for Erina & the Coast"},"content":{"rendered":"\n

By simon tarrant, private client adviser at morgans financial limited<\/strong><\/p>\n\n\n\n

There\u2019s something about a new financial year that makes you want to get your house in order. Maybe it\u2019s the clean slate. Maybe it\u2019s the pile of receipts on the kitchen bench reminding you that last year got away from you. Whatever the trigger, July is the perfect month to stop, take a breath, and get intentional about where your money is going.<\/p>\n\n\n\n

The truth is, most people don\u2019t have a money problem. They have a clarity problem. Income comes in, bills go out, and whatever is left gets absorbed into the everyday. Sound familiar? You\u2019re not alone. But the difference between those who build wealth over time and those who tread water often comes down to one thing\u2026a plan.<\/p>\n\n\n\n

Know Your Numbers<\/strong><\/p>\n\n\n\n

It starts with understanding what you earn, what you spend, and what\u2019s left. Not roughly. Actually. Sit down, open the banking app, and look at the last three months. You might be surprised where the money is going. Subscriptions you forgot about, dining out more than you realised, or insurance policies you haven\u2019t reviewed in years.<\/p>\n\n\n\n

This isn\u2019t about cutting out your morning coffee. It\u2019s about awareness. Once you know the numbers, you can make deliberate choices about where your money works hardest.<\/p>\n\n\n\n

Set a Savings Rhythm<\/strong><\/p>\n\n\n\n

The most effective savers don\u2019t rely on willpower. They automate. Set up a regular transfer into a separate account the day after payday, even if it\u2019s modest. Treat it like a bill that has to be paid. Over twelve months, even small amounts compound into something meaningful.<\/p>\n\n\n\n

For business owners, this discipline matters even more. Separating personal and business finances, setting aside money for tax obligations, and paying yourself consistently are foundations that too many people skip. A new financial year is the ideal time to reset those habits.<\/p>\n\n\n\n

Get Your Super on Track<\/strong><\/p>\n\n\n\n

Superannuation is easy to ignore when retirement feels like a lifetime away, but it remains one of the most powerful wealth\u2013building tools available to everyday Australians. Check your balance, review your investment option, and make sure you\u2019re not paying for duplicate insurance policies across old funds you forgot to consolidate.<\/p>\n\n\n\n

If you\u2019re self\u2013employed, make sure you\u2019re contributing regularly. Nobody else is doing it for you, and the tax benefits of personal deductible contributions can be significant. A small contribution each quarter is far easier to manage than scrambling to find a lump sum in June.<\/p>\n\n\n\n

Protect What You\u2019ve Built<\/strong><\/p>\n\n\n\n

Insurance isn\u2019t exciting, but it matters. If your income stopped tomorrow, how long could your household keep going? Income protection, life cover, and trauma insurance exist to protect your family when things go sideways. Review your policies annually to make sure they still reflect your life, your mortgage, your dependants and your lifestyle.<\/p>\n\n\n\n

For business owners, key person insurance and business expense cover are equally important. If you\u2019re the engine of your business, what happens when the engine stops?<\/p>\n\n\n\n

Talk to Someone Who Knows<\/strong><\/p>\n\n\n\n

There\u2019s no shortage of financial content online, but generic advice only goes so far. A good adviser will look at your full picture including your income, your debts, your goals, your family situation and help you build a strategy that actually fits. The start of the financial year is the best time to have that conversation, because you\u2019ve got twelve months of runway ahead of you.<\/p>\n\n\n\n

Progress, Not Perfection<\/strong><\/p>\n\n\n\n

You don\u2019t need to overhaul everything overnight. Pick one or two areas to focus on this quarter and build from there. The families and business owners who do well financially aren\u2019t the ones who make perfect decisions. They\u2019re the ones who make consistent ones.<\/p>\n\n\n\n

A new financial year. A fresh start. The only question is what you do with it.<\/p>\n\n\n\n

The truth is, most people don\u2019t have a money problem. They have a clarity problem. Income comes in, bills go out, and whatever is left gets absorbed into the everyday<\/p>\n\n\n\n

If you would like to discuss your family\u2019s financial strategy please contact Simon at simon.tarrant@morgans.com.au or via (02) 4325 0884 <\/em><\/strong><\/p>\n\n\n\n

Call us<\/em><\/strong> on 02 4325 0884 | <\/em><\/strong> <\/em><\/strong>Email:<\/em><\/strong> erina@morgans.com.au<\/em><\/strong><\/p>\n\n\n\n

Visit us:<\/em><\/strong> 4\/168 Central Coast Hwy, Erina (by appointment) | <\/em><\/strong> <\/em><\/strong>morgans.com.au\/erina<\/em><\/strong><\/p>\n\n\n\n

Simon Tarrant (AR: 001270872) is a Private Client Adviser at Morgans Financial Limited <\/em><\/strong>(AFSL 235410 \/ABN 49 010 669 726). Simon is passionate about creating quality financial strategies that are tailored and customised to a clients\u2019 lifestyle, financial goals and risk profile. <\/em>Disclaimer: <\/em><\/strong>While every care has been taken, Morgans Financial Limited makes no representations as to the accuracy or completeness of the contents. The information is of a general nature only and has been prepared without consideration of your individual objectives, financial situation or needs. Before making any decisions, you should consider the appropriateness for your personal investment objectives, financial situation or individual needs. We recommend you see a financial adviser, registered tax agent or legal adviser before making any decisions based on this information.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

By simon tarrant, private client adviser at morgans financial limited There\u2019s something about a new financial year that makes you want to get your house in order. Maybe it\u2019s the…<\/p>\n","protected":false},"author":1,"featured_media":10276,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"_lmt_disableupdate":"","_lmt_disable":"","sync_status":"none","episode_type":"","audio_file":"","podmotor_file_id":"","podmotor_episode_id":"","castos_file_data":"","cover_image":"","cover_image_id":"","duration":"","filesize":"","filesize_raw":"","date_recorded":"","explicit":"","block":"","footnotes":""},"categories":[109],"tags":[116,159],"series":[],"class_list":["post-10275","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-events","tag-article","tag-simon-tarrant"],"episode_featured_image":"https:\/\/onthecoastpublications.com.au\/onthecoastfamilies\/wp-content\/uploads\/sites\/2\/2026\/09\/woman-use-gadget-mobile-smartphone-earn-money-online-with-dollar-icon-pop-up.jpg","episode_player_image":"https:\/\/onthecoastpublications.com.au\/onthecoastfamilies\/wp-content\/uploads\/sites\/2\/2026\/09\/woman-use-gadget-mobile-smartphone-earn-money-online-with-dollar-icon-pop-up.jpg","download_link":"","player_link":"","audio_player":false,"episode_data":{"playerMode":"dark","subscribeUrls":{"apple_podcasts":{"key":"apple_podcasts","url":"","label":"Apple Podcasts","class":"apple_podcasts","icon":"apple-podcasts.png"},"stitcher":{"key":"stitcher","url":"","label":"Stitcher","class":"stitcher","icon":"stitcher.png"},"google_podcasts":{"key":"google_podcasts","url":"","label":"Google Podcasts","class":"google_podcasts","icon":"google-podcasts.png"},"spotify":{"key":"spotify","url":"","label":"Spotify","class":"spotify","icon":"spotify.png"}},"rssFeedUrl":"https:\/\/onthecoastpublications.com.au\/onthecoastfamilies\/feed\/podcast\/default-podcast","embedCode":"

New Financial Year, New Money Habits: A Family Money Reset for Erina & the Coast<\/a><\/blockquote>