February 2025 Financial Checklist

The summer holidays are over, the kids are back at school, and it’s time to shift gears into 2025 mode. February isn’t just about settling back into routine, it’s also the month of love! So why not extend that TLC to your finances?
Whether it’s paying down debt, scoring cashback deals, or giving your budget a refresh, here’s how to show your money some love this month.
1. Get on top of your post-holiday finances
Did December’s festive season leave your budget feeling a little broken-hearted? Now’s the time to review your bank statements, pay down any lingering credit card debt, and set a clear plan for your expenses. If you overspent, consider switching to a balance transfer credit card with 0% interest for a set period of time to help you clear it faster.
2. Back-to-school budget check-in
The kids might be sorted with fresh school supplies, but the costs don’t stop there. Uniforms, sports fees, and extra curricular activities can add up quickly. Take stock of what’s left to pay for the term and look for ways to save, whether it’s second-hand books, coupon codes, or using a rewards card strategically.
3. Keep an eye on the RBA and your home loan
The Reserve Bank of Australia’s first meeting of the year is on February 17, and all eyes are on whether interest rates will move. If you’re a homeowner, use this as a prompt to review your mortgage rate. Even a small rate cut or refinance could mean big savings over time.
4. Make the most of cashback offers
Nothing says “be mine” like a little extra cash in your pocket. February is a great time to reassess your banking and insurance products, with some providers offering cashback bonuses for opening new savings accounts, switching car insurance, or signing up for a better-value travel insurance policy. If you’re due for a policy renewal, now’s the time to see if you can cash in.
5. Rethink your energy plan
Summer has been scorching, and if your air-conditioning use has sent your energy bill skyrocketing, it might be time to compare energy plans. Mozo’s research shows that switching providers could save you hundreds annually, so don’t get burned by overpriced rates.
6. Set your 2025 savings goals
A fresh year means fresh goals. Whether it’s building an emergency fund, saving for a holiday, or boosting your super, set clear financial targets now so you can track your progress. Automating your savings can make reaching those goals effortless.
So whether you’re planning a romantic Valentine’s Day or just want to fall back in love with your finances, February is the perfect time to reset, refocus, and make smarter money moves. See you next month!
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