Close Menu
  • Home
  • What’s On
    • Events
    • Add an Event
    • Major Event
    • School Holiday Guide
  • Things To Do
    • Free Activities
      • Coastal Activities
      • Outdoor Activities
      • Picnic Spots
      • Playgrounds
      • Pram Walks
      • Rainy Day Activities
      • Walks and Bike Rides
    • Places to Visit
      • Attractions
      • Day Trips Away From The Peninsula
      • Galleries & Libraries
      • Historical
      • Markets
      • Tourism Centres
    • Places to Eat
      • Cafes
      • Restaurants
      • Wineries
    • Places To Stay
      • Accommodation
    • Shopping
      • Baby Goods – Sale & Hire
      • Child Friendly Shops
      • Made on the Peninsula
      • Online
      • Retail
    • At Home
      • Craft
      • Games
      • Recipes
  • Classes & Groups
    • Creative
      • Art and Craft
    • Playgroups
      • Central and Northern Peninsula
      • Southern Peninsula
      • Western Port
    • Sports
      • Fitness
      • Pre School Sports
      • Sports Classes and Tuition
  • Services
    • Health & Wellbeing
      • Dental
      • Health Care Practitioners
      • Hospitals
      • Support Groups
    • Pregnancy & Baby
      • Prenatal
        • Pre Natal Care/Birth Support
        • Pre Natal Fitness & Wellbeing
        • Maternal Health Centres
        • Maternity Products
      • PostNatal
        • Maternal Health Centres
        • Post Natal Support & Wellbeing
    • Special Needs
      • Activities for Special Needs
      • Support for Special Needs
      • Therapists for Special Needs
    • Education & Childcare
      • Daycare
      • Kindergartens
      • Schools
    • Finance
      • Finance
    • Photography
      • Photography
    • Child Safety & Wellbeing
      • Child Safety/First Aid
      • Emergency Numbers
  • Articles
    • Education
    • Finances
    • Health
    • Parenting Articles
    • Places to Eat
    • Pregnancy & Baby
    • Reviews
    • Member Questions
  • Parties
    • Celebrate – Party Ideas
    • Entertainment
    • Suppliers
    • Venues
  • Giveaways
  • Advertise With Us
  • About Us
    • Contact Us
  • Testimonials
  • Giveaways
Facebook X (Twitter) Instagram
Tuesday, June 17
  • Advertise With Us
  • About Us
    • Contact Us
  • Testimonials
  • Giveaways
Facebook X (Twitter) Instagram Pinterest
Peninsula Kids
  • Home
  • What’s On
    • Events
    • Add an Event
    • Major Event
    • School Holiday Guide
  • Things To Do
    • Free Activities
      • Coastal Activities
      • Outdoor Activities
      • Picnic Spots
      • Playgrounds
      • Pram Walks
      • Rainy Day Activities
      • Walks and Bike Rides
    • Places to Visit
      • Attractions
      • Day Trips Away From The Peninsula
      • Galleries & Libraries
      • Historical
      • Markets
      • Tourism Centres
    • Places to Eat
      • Cafes
      • Restaurants
      • Wineries
    • Places To Stay
      • Accommodation
    • Shopping
      • Baby Goods – Sale & Hire
      • Child Friendly Shops
      • Made on the Peninsula
      • Online
      • Retail
    • At Home
      • Craft
      • Games
      • Recipes
  • Classes & Groups
    • Creative
      • Art and Craft
    • Playgroups
      • Central and Northern Peninsula
      • Southern Peninsula
      • Western Port
    • Sports
      • Fitness
      • Pre School Sports
      • Sports Classes and Tuition
  • Services
    • Health & Wellbeing
      • Dental
      • Health Care Practitioners
      • Hospitals
      • Support Groups
    • Pregnancy & Baby
      • Prenatal
        • Pre Natal Care/Birth Support
        • Pre Natal Fitness & Wellbeing
        • Maternal Health Centres
        • Maternity Products
      • PostNatal
        • Maternal Health Centres
        • Post Natal Support & Wellbeing
    • Special Needs
      • Activities for Special Needs
      • Support for Special Needs
      • Therapists for Special Needs
    • Education & Childcare
      • Daycare
      • Kindergartens
      • Schools
    • Finance
      • Finance
    • Photography
      • Photography
    • Child Safety & Wellbeing
      • Child Safety/First Aid
      • Emergency Numbers
  • Articles
    • Education
    • Finances
    • Health
    • Parenting Articles
    • Places to Eat
    • Pregnancy & Baby
    • Reviews
    • Member Questions
  • Parties
    • Celebrate – Party Ideas
    • Entertainment
    • Suppliers
    • Venues
  • Giveaways
Peninsula Kids
Home»Finances»Refresh your finances to go STRONGER into the new financial year
Finances

Refresh your finances to go STRONGER into the new financial year

5 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email
By Jo & Carl Violeta

As busy parents, it’s hard to keep track of dates and plan for the future when we’re dealing with the day-to-day realities of looking after kids, balancing our budget, paying the mortgage, and trying to make ends meet.

With a new financial year around the corner, it is a great time to hit pause, grab a cuppa, and revisit your finances.

Here are five things to look at that might help you save money and achieve your money goals in the next financial year.

Redefine your money goals

Review your money goals from the previous financial year and reassess your priorities for the year ahead.

Make sure your money goals are SMART: specific, measurable, achievable, relevant, and time-bound.

For example: “I want to put aside $10,000 into my savings account by the end of the next financial year so that I can buy a new car without debt.”

A savings goal is just one example of a financial goal. Others might include:

  • Building your financial knowledge
  • Buying a home
  • Building your superannuation
  • Starting to invest
  • Paying off debt

Review your budget

Download your last three months of bank statements (take a deep breath) and go through them line by line to understand where your money is going.

Create a budget to track income and expenses. Ideally, you should be earning more than you spend so you can use the surplus to build your savings or to pay down debt.

Need to reduce expenses? Perhaps you can cull a streaming service or eat at home an extra night per week.

There might be a cheaper deal for your utilities or health insurance (if you have it). Find out what deals are on offer on some comparison websites. Then call your providers and tell them you’re shopping around; they may offer you a better deal to keep your business.

Review and (potentially) refinance your home loan

If you own your home, it’s smart to review your mortgage every 6-12 months to make sure you’re still getting the right deal for your circumstances.

Refinancing your mortgage to a lower interest rate could save hundreds of dollars on your repayments every month.

Be mindful of exit fees and penalties though, and check that the new mortgage has all the features you want and need (such as the option to make extra repayments).

You could also try negotiating with your current lender directly. Call them, let them know you’re shopping around, and ask for a better rate.

Review your super

Set a retirement savings goal. Most people need about two-thirds of their current income per year to maintain their lifestyle. Then create a plan to start growing your account.

Use the myGov app to find out if you have any ‘lost super’ that the Australian Tax Office is holding. Then authorise your current superannuation fund to conduct a search on your behalf using ‘SuperMatch’.

If you have multiple super funds, consolidating them makes it easier to track your super and means you’re only paying one set of fees.

Finally, consider paying a portion of your savings into your super account. Talk to your accountant about ‘contributing extra to super’. With this option, your employer deducts extra money from your pre-tax pay and pays it into your super account.

Improve your credit score

If you’re looking at borrowing money, getting a home loan, or refinancing your mortgage, you might want a good credit score.

Your credit score is a number that represents your money borrowing reputation. The higher the score, the more trustworthy a borrower you’re considered to be.

A poor credit score could prove a challenge when applying for financing.

ASIC’s MoneySmart website lists reputable services where you can find out your credit score for free.

Unfortunately, there’s no magic fix to instantly improve your credit score. However, these strategies may help:

  • Pay credit cards and bills on time
  • Try paying off any debt that has gone to collections
  • Lower your credit card limits
  • Limit the number of credit enquiries you make (the number of loans you apply for)

Start the new financial year strong

These five actions can help you know exactly what’s coming in, where it will be spent, and what you’ll do with the rest (because there WILL be leftovers!) over the next financial year.

We’ve shared general information here to get you started, but we also recommend speaking with your financial planner, accountant, or mortgage broker (or all three), depending on your goals.

These finance professionals can offer personalised advice to help you refresh your finances and achieve your money goals in the new financial year.


Jo and Carl Violeta are self-confessed numbers nerds, parents of an energetic toddler and a super switched-on teenager, and co-founders of the award-winning business, Violeta Finance. They are a husband and wife team who are passionate about empowering their community with financial education, love the odd glass of wine, and get a kick out of helping families achieve their homeownership and financial dreams.

Peninsula Kids – Winter 2022

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Comments are closed.

Calendar
Today
Mon
Tue
Wed
Thu
Fri
Sat
Sun
M
T
W
T
F
S
S
26
27
28
29
30
31
6:00 PM - FLURO NIGHT at Sk8house – Let’s Glow!
1
2
3
4
5
6
7
8
9
11:00 AM - King's Birthday All Day Skate at Sk8house
10
11
12
13
14
15
16
17
4:00 PM - Sk8house Sensory Sessions
18
19
20
21
22
23
24
25
26
27
28
29
30
1
2
2:00 PM - Soundwaves
3
4
5
6
FLURO NIGHT at Sk8house – Let’s Glow!
31 May
May 31, 2025    
6:00 pm - 10:00 pm
Sk8house
Get ready for a night of neon, music and non-stop fun at Sk8house’s FLURO NIGHT! We’re turning down the lights and turning up the fluro [...]
More Info
King's Birthday All Day Skate at Sk8house
King's Birthday All Day Skate at Sk8house
June 9, 2025    
11:00 am - 4:00 pm
Sk8house
  • Family Activity
Hear ye! Hear ye! Hear ye!! All knights, jesters, dukes, duchesses, princes and princesses are hereby summoned by royal decree to attend Sk8house on Monday [...]
More Info
Sk8house Sensory Sessions
Sk8house Sensory Sessions
June 17, 2025    
4:00 pm - 7:00 pm
Sk8house
  • Workshop/Class
The Sk8house Sensory Sessions aim to be a calm, welcoming space for skaters of all abilities to roll their way — with reduced noise, gentle [...]
More Info
Soundwaves
Soundwaves
July 2, 2025    
2:00 pm - 3:00 pm
Band and Cinema Complex, HMAS Cerberus
  • Free Activities
  • Other
Join us for our flagship concert series, Soundwaves, at HMAS Cerberus and experience the RAN Band bringing our full wind band and variety of chamber [...]
More Info
Events on May 31, 2025
31 May
FLURO NIGHT at Sk8house – Let’s Glow!
31 May 25
Carrum Downs
Events on June 9, 2025
King's Birthday All Day Skate at Sk8house
King's Birthday All Day Skate at Sk8house
9 Jun 25
Carrum Downs
Events on June 17, 2025
Sk8house Sensory Sessions
Sk8house Sensory Sessions
17 Jun 25
Carrum Downs
Events on July 2, 2025
Soundwaves
Soundwaves
2 Jul 25
HMAS Cerberus
Visit Our Advertisers
ABOUT

Established in 2006, Mornington Peninsula News Group (MPNG) is a locally owned and operated, independent media company.

MPNG publishes two glossy magazines: Peninsula Essence and Peninsula Kids.

MPNG also publishes five weekly community newspapers: the Western Port News, Mornington News, Southern Peninsula News, Frankston Times and Chelsea Mordialloc Mentone News.

ADVERTISE WITH US

Instagram
Elmo’s Circus Dream, a dazzling new live stage spectacular making its world premiere at Caulfield Racecourse these upcoming July School Holidays from June 27th to August 3rd, 2025.

Tickets and information: https://www.sesamestreetcircus.com.au/

#sesamestreetcircus 

@sesamestreetcircus 
@cavanaghpr
mornpenkids
mornpenkids
•
Follow
Elmo’s Circus Dream, a dazzling new live stage spectacular making its world premiere at Caulfield Racecourse these upcoming July School Holidays from June 27th to August 3rd, 2025. Tickets and information: https://www.sesamestreetcircus.com.au/ #sesamestreetcircus @sesamestreetcircus @cavanaghpr
2 weeks ago
View on Instagram |
1/9
❄️ Winter is here! And along with it, a fresh edition on Peninsula Kids magazine. Enjoy flipping through the pages that celebrate the season’s highlights so that you can make the most of the frostier months with your loved ones. 🥰
🌬️ Link to read in bio
————————————————————————————
#peninsulakids #peninsulakidsmagazine #winter #lovepeninsulakids #mpgrown #local #pregnnacyandbaby #creative #education #health #spotlight #recipes
mornpenkids
mornpenkids
•
Follow
❄️ Winter is here! And along with it, a fresh edition on Peninsula Kids magazine. Enjoy flipping through the pages that celebrate the season’s highlights so that you can make the most of the frostier months with your loved ones. 🥰 🌬️ Link to read in bio ———————————————————————————— #peninsulakids #peninsulakidsmagazine #winter #lovepeninsulakids #mpgrown #local #pregnnacyandbaby #creative #education #health #spotlight #recipes
2 weeks ago
View on Instagram |
2/9
#thinkingofyou
mornpenkids
mornpenkids
•
Follow
#thinkingofyou
1 month ago
View on Instagram |
3/9
Grab your cameras and hot choccies! Neon Fields returns to glow up Frankston!
When the sun goes down it is time to gather family and friends and venture into Neon Fields. Beauty Park will once again be transformed into a colourful fantasy world where you’re invited to interact and play among the lights during this free event!
——————————————————————————
#southsidefestival #neonfields #frankston #beautypark #visitfrankston #whatson #whatsonthisweekend #thingstodo #freeevent #photoops #lovepeninsulakids 
@southsidefestivalfrankston
mornpenkids
mornpenkids
•
Follow
Grab your cameras and hot choccies! Neon Fields returns to glow up Frankston! When the sun goes down it is time to gather family and friends and venture into Neon Fields. Beauty Park will once again be transformed into a colourful fantasy world where you’re invited to interact and play among the lights during this free event! —————————————————————————— #southsidefestival #neonfields #frankston #beautypark #visitfrankston #whatson #whatsonthisweekend #thingstodo #freeevent #photoops #lovepeninsulakids @southsidefestivalfrankston
1 month ago
View on Instagram |
4/9
In July, Associate Professor Andrew Kornberg, Senior Neurologist at The RCH Foundation, will embark on a remarkable solo flight around Australia to raise $4.5 million for life-changing treatments for children with rare and complex conditions.

Called Fly for the Kids, this one-of-a-kind fundraiser will help establish dedicated spaces, resources, and specialist staff at the RCH, making advanced therapies — including revolutionary gene therapy — more accessible to sick children across Australia.

Andrew’s journey will see him revisit patients whose lives have been transformed by advanced therapies, putting real faces and stories to the incredible impact of this innovation in paediatric healthcare.

You can learn more about the campaign here: https://flyforthekids.org.au 

@rch.foundation
mornpenkids
mornpenkids
•
Follow
In July, Associate Professor Andrew Kornberg, Senior Neurologist at The RCH Foundation, will embark on a remarkable solo flight around Australia to raise $4.5 million for life-changing treatments for children with rare and complex conditions. Called Fly for the Kids, this one-of-a-kind fundraiser will help establish dedicated spaces, resources, and specialist staff at the RCH, making advanced therapies — including revolutionary gene therapy — more accessible to sick children across Australia. Andrew’s journey will see him revisit patients whose lives have been transformed by advanced therapies, putting real faces and stories to the incredible impact of this innovation in paediatric healthcare. You can learn more about the campaign here: https://flyforthekids.org.au @rch.foundation
1 month ago
View on Instagram |
5/9
Breast Cancer Trials, ANZ’s largest oncology research group, is holding a ‘matched giving day’ on Thursday, 8th May where – for 24 hours only, donations from the public will be matched dollar for dollar by a group of generous supporters. Every dollar raised will be doubled to help fund clinical breast cancer research.

How can people get involved:
Donate online at breastcancertrials.org.au/givingday (this will go live On Thursday 8th May)
Donate by calling 1800 423 444
Follow Breast Cancer Trials on socials and share their own stories, thanks and memories of their mums and mother-figures.

@breastcancertrials
mornpenkids
mornpenkids
•
Follow
Breast Cancer Trials, ANZ’s largest oncology research group, is holding a ‘matched giving day’ on Thursday, 8th May where – for 24 hours only, donations from the public will be matched dollar for dollar by a group of generous supporters. Every dollar raised will be doubled to help fund clinical breast cancer research. How can people get involved: Donate online at breastcancertrials.org.au/givingday (this will go live On Thursday 8th May) Donate by calling 1800 423 444 Follow Breast Cancer Trials on socials and share their own stories, thanks and memories of their mums and mother-figures. @breastcancertrials
1 month ago
View on Instagram |
6/9
Cute Mother's Day craft to do with the kids for mum!

https://peninsulakids.com.au/spiral-paper-flowers/

#mothersday #crat #craftingwithkids #kidslovecraft #homemadegifts
mornpenkids
mornpenkids
•
Follow
Cute Mother's Day craft to do with the kids for mum! https://peninsulakids.com.au/spiral-paper-flowers/ #mothersday #crat #craftingwithkids #kidslovecraft #homemadegifts
1 month ago
View on Instagram |
7/9
One of my fave parts of Mother's Day, (other than the at-home day spa), is receiving these questionnaires full of funny answers, (and sometimes some hard truths), from my kids.

https://peninsulakids.com.au/craft-whats-the-best-thing-about-your-mum/
mornpenkids
mornpenkids
•
Follow
One of my fave parts of Mother's Day, (other than the at-home day spa), is receiving these questionnaires full of funny answers, (and sometimes some hard truths), from my kids. https://peninsulakids.com.au/craft-whats-the-best-thing-about-your-mum/
2 months ago
View on Instagram |
8/9
Today we received a gorgeous entry for our colouring in competition from a 75 year-old reader of Peninsula Kids magazine in the actual MAIL! 💌

This has made my day so much that I may have to pay the entrant a visit with a special prize for all their effort and for giving me a huge smile on a Monday!

How’s that artwork?!?!?! 🤩

Have you sent your entry in? 
IG: Use Linktree in bio to download a copy.
FB: check out pinned/featured post. 🧑‍🎨 
@chocolate.grove 
——————————————————————————
#peninsulakids #peninsulakidsmagazine #colouringin #colouringincompetition #chocolate #chocolatehamper
mornpenkids
mornpenkids
•
Follow
Today we received a gorgeous entry for our colouring in competition from a 75 year-old reader of Peninsula Kids magazine in the actual MAIL! 💌 This has made my day so much that I may have to pay the entrant a visit with a special prize for all their effort and for giving me a huge smile on a Monday! How’s that artwork?!?!?! 🤩 Have you sent your entry in? IG: Use Linktree in bio to download a copy. FB: check out pinned/featured post. 🧑‍🎨 @chocolate.grove —————————————————————————— #peninsulakids #peninsulakidsmagazine #colouringin #colouringincompetition #chocolate #chocolatehamper
2 months ago
View on Instagram |
9/9
View on Instagram
Subscribe to our Newsletter

Stay In The Know

Sign up to our free newsletter and receive weekly updates on events and things to do with kids on the Mornington Peninsula.

Facebook X (Twitter) Instagram Pinterest
© 2025 All Rights Reserved.

Type above and press Enter to search. Press Esc to cancel.