End of Financial Year (EOFY) sales

End of Financial Year (EOFY) sales

Leather Sofa 

If you are looking to make big-ticket purchases like a new car or equipment for your business, be strategic about when you buy. Waiting until EOFY sales can often result in significant savings on purchases.

Implementation and cost

  1. Decide whether the purchase needs to be immediate.
  2. If the purchase can wait, hold off until EOFY sales.
  3. If you have any large purchases to make in the following year, consider making them early to take advantage of EOFY sales.
  4. If there is high demand and low supply (e.g. Houses, caravans, SUV’s as a result of COVID), consider holding off your purchases until the market cools down again if you can.

Similar posts you may like

  • Pay yourself first to reach your savings goals

    Overview It sounds contradictory and counterproductive but paying yourself first can be a very effective personal finance strategy for wealth generation. Implementation Decide how Read more

  • Incorporated association

    An incorporated association is a formal legal structure adopted by a broad range of non-profit organisations. Incorporated associations have the word 'incorporated' or the Read more

  • Of Course I Am Minimising My Tax

    As the well-known Australian billionaire media magnate Kerry Francis Packer once said in reference to the Australian government, ‘Now of course I am minimising Read more

  • Unique selling proposition

      The unique selling proposition (USP) is a marketing concept that states successful advertising campaigns make unique propositions to customers that convince them to Read more

"You’d be stupid not to try to cut your tax bill and those that don’t are stupid in business"

- Bono: U2