As the financial year unfolds, there are two distinct approaches you can take. You can be reactive—simply letting the year play out and only reviewing your finances once it ends, trying to figure out what should have been done differently. Or, you can take a proactive approach—using this period as a valuable opportunity to plan ahead, stay intentional with your money, and make informed decisions before the year closes.

Rather than waiting until tax time to reflect, this is the perfect moment to assess both your past and current financial habits. It allows you to evaluate how your household has been managing income, expenses, savings, and investments, while also identifying areas for improvement moving forward. With the right mindset, the lead-up to the end of the financial year becomes more than just an administrative task—it becomes a powerful checkpoint for growth and future planning.

In this episode, Michael shares practical strategies and insightful tips to help you make the most of this period. He highlights key things to consider before tax time, helping you not only prepare effectively but also set a stronger financial foundation for the year ahead.

Sharing More Than The Sheets is a podcast show to help couples make better financial decisions so that they can focus on the things that they love. We cover financial topics such as budgeting and investing as well as fitness and lifestyle topics such as raising children and staying fit and healthy.

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All information contained in this podcast is general in nature and does not consider your individual circumstances. You should consider the appropriateness of this information with regards to your individual objectives, financial situation and needs.

Music by John Bartmann https://johnbartmann.com

Sharing More Than The Sheets is for educational purposes only. It is not intended as a substitute for professional financial, tax or legal advice. Any advice is general financial advice only which does not take into account your objectives, financial situation or needs. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. Past performance of financial products is no assurance of future performance. If you do choose to buy a financial product read the product disclosure statement and obtain appropriate financial advice tailored to your needs. While we do our best to provide accurate information, we accept no responsibility for any inaccuracies that may be communicated in this podcast. Michael Khouri is an Authorised Representative and Wealthness Pty Ltd ACN 613 313 250 t/a Better Financial Planning Australia is a Corporate Authorised Representative of Infocus Securities Australia Pty Ltd ABN 47 097 797 049 AFSL Licence No. 236523.