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Take a Breath for a Check-In
Regularly assess finances to keep from going off the rails
Halfway through the year is ideal to pause and evaluate financial progress. These financial check-ins are crucial to assess the status of money goals.
Take the opportunity to identify any necessary adjustments and ensure staying on track. Review budgets, savings, investments and debt to help make informed decisions that enhance financial stability and be prepared for the rest of the year.
As someone who aims to improve readers’ financial capability with research-based personal finance information, Dr. Barbara O’Neill puts special emphasis on financial reviews whenever they occur. She owns and is chief executive officer of Money Talk.
Money Check-Ins Keep a Fiscal Body in Top Condition
Together with financial experts from consumer credit reporting company Experian, O’Neill discussed the benefits of money check-ins and how they help stay on track with financial goals.
When performing a mid-year financial check-in, try reviewing the budget, tracking spending against goals, assessing savings and investments, checking debt levels and updating financial goals based on any life changes or market conditions.
