EOFY Feature: Reset your money mindset

ADVERTORIAL

As the end of financial year approaches, many families feel a mix of pressure and confusion about how to manage their household finances.

We asked Sorita Mcgrane from SM Co how people should approach the end of financial year (EOFY) and ‘tax time’.

“At SM Co, we believe EOFY is the perfect time for a Money Reset - a chance to pause, reflect and realign your budget to reduce stress and set your family up for success,” Sorita says.

“A good budget isn’t about restriction. It’s about understanding what matters most and making your money work for your goals. Whether you’re saving for a family holiday, trying to get ahead of bills, or just want to feel more in control, small changes can add up.”

Here are a few tips SM Co shares in its Money Reset program:

• Plan your tax return with purpose
  If you're expecting a tax refund, plan how you'll use it before it hits your account. A balanced approach could mean, using some to pay down debt, to save and a small portion for something enjoyable. That way, you're looking after your future while still enjoying the reward.
• Pick one thing to change
  Cancel unused subscriptions, cut back on delivery apps, or do a meal plan each Sunday. Choose something achievable that you’ll be more likely to stick with.
• Set a short-term savings goal
  This goal could be $300 for school holidays or $1000 for a buffer account. Having a goal gives your budget purpose and makes it easier to say no to impulse buys.
• Talk about money at home
  Involve the family in simple budgeting conversations. When everyone understands the goal, it’s easier to work as a team.

Money Coaching with SM Co empowers individuals and households to take control of their finances, build strong budgeting habits, and create a pathway to lasting financial stability.

Whether you're feeling stuck, overspending, or ready to make a change, we offer practical, culturally aware guidance to help you manage your money with clarity and confidence. This is not about restriction—it’s about freedom, purpose, and building generational wealth. Through personalised support, you’ll learn to make intentional financial decisions that align with your goals.

SM Co offers one-on-one and group money coaching sessions, budgeting workshops, long-term goal setting and client support.

Sorita is an experienced trainer committed to empowering individuals and communities by fostering healthy money habits and goals to create lasting change and generational wealth.

Phone 0407 147 782 or search SM Co – Money Reset on Facebook.