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Kickstart 2025 with a financial fitness plan! This article outlines seven practical tips to help you achieve your financial goals.As a new year rolls around, gyms fill with people eager to start fresh and hit their New Year’s resolutions. While prioritising health is always a good idea, 2025 is also the perfect time to challenge yourself financially. Here are seven actionable tips to help you get financially fit this year:
Statistics show you’re more likely to achieve your goals if they’re written down. Why not put your goals on the fridge as a daily reminder? Sharing them with friends and family can also keep you accountable.
Reach for the stars. Bigger goals, like saving for a home deposit or retirement, can feel overwhelming—but breaking them into short-, medium-, and long-term milestones makes them more achievable. For more guidance on goal setting, check out the Goal Assessment Process fact sheet. A clear plan ensures your daily actions contribute to your bigger dreams.
Budgeting is your roadmap to financial fitness. It’s a great opportunity to save for retirement or work towards big purchases like a house or car. At RJS, we have templates that can help you kickstart your budget. Or, if you’d like tailored assistance, our professional accountants and bookkeepers are ready to help.
Creating a realistic budget allows you to allocate your resources wisely and avoid unnecessary financial stress. Take control of your money—don’t let it control you.
Do you know where your money is going? Subscriptions, insurance premiums, and everyday expenses can quietly add up. Evaluate your insurance coverage to ensure it aligns with your needs. Cancel services you no longer use and shop around for better deals.
Small adjustments can add up to significant savings, giving you more financial freedom for the things that truly matter.
Was tax time stressful last year? Avoid the June 2025 rush by starting early. Digital tools can make storing receipts easier than ever. A simple solution is to photograph your deductible receipts as you spend and save them in a Favourites “Tax” folder on your phone. For more helpful resources and checklists, visit our checklists and fact sheets resources page. This way, you’re always prepared when speaking with your accountant.
Early preparation means less stress and better tax outcomes—a win-win.
Is debt keeping you from achieving your financial goals? Identifying your current debts and creating a plan to reduce them can make a world of difference. Focus on paying off high-interest debts first and consider consolidating if it simplifies your repayment plan.
Imagine the freedom of living debt-free and redirecting those repayments towards your goals.
Tax planning isn’t just for accountants; it’s for anyone wanting to reduce their tax burden or grow their business. For business owners, this could include strategies like optimising deductible expenses, taking advantage of tax incentives, or planning for seasonal cash flow needs. Reach out to your accountant for a personalised list of tax planning tips for the current financial year. It’s never too late to learn how to make your money work harder for you.
At RJS, we’re here to guide you with strategies tailored to your unique financial situation.
Credit cards can be convenient but tricky. Did you know that if you owe $1,000 on your card and only pay $900 by the due date, you’ll be charged interest on the entire $1,000? This common debt trap can quickly spiral into significant financial strain.
Plan and budget to pay off your credit card balance in full each month. By avoiding unnecessary interest charges, you’ll save money and build better financial habits.
This blog has been prepared by RJS Wealth Management Pty. Ltd. ABN 24 156 207 126. RJS Wealth Management Pty. Ltd. is a Corporate Authorised Representative (No. 438158) of Modoras Pty. Ltd. ABN 86 068 034 908 an Australian Financial Services and Credit Licensee (Number 233209). The information and opinions contained in this blog is general information only and is not intended to represent specific personal advice (Accounting, taxation, financial, insurance or credit). No individual's personal circumstances have been taken into consideration for the preparation of this material. Any individual making a decision to buy, sell or hold any particular financial product should make their own assessment taking into account their own particular circumstances. The information and opinions herein do not constitute any recommendation to purchase, sell or hold any particular financial product. Modoras Pty Ltd recommends that no financial product or financial service be acquired or disposed of or financial strategy adopted without you first obtaining professional personal financial advice suitable and appropriate to your own personal needs, objectives, goals and circumstances. Information, forecasts and opinions contained in this blog can change without notice. Modoras Pty. Ltd. does not guarantee the accuracy of the information at any particular time. Although care has been exercised in compiling the information contained within, Modoras Pty. Ltd. does not warrant that the articles within are free from errors, inaccuracies or omissions. To the extent permissible by law, neither Modoras Pty. Ltd. nor its employees, representatives or agents (including associated and affiliated companies) accept liability for loss or damages incurred as a result of a person acting in reliance of this publication.