Mid-Year Money Check-Up
Posted
on Tuesday, July 15, 2025
in
Financial Education
Mid-Year Money Check-Up: 5 Smart Ways to Refocus Your Finances
The year is halfway through—it's the perfect time to pause and take a look at your financial goals.
Whether you're saving for something big, trying to pay off debt, or just working to spend more mindfully, a mid-year money check-in helps you stay on track and finish the year strong.
Here are five simple ways to refocus your financial plan:
1. Revisit Your Budget
Things change—so should your budget. Review your income and expenses from the past six months. Are there areas where you're overspending? Are your priorities the same? Adjust your budget to reflect your current goals and lifestyle.
2. Check Your Savings Progress
How close are you to hitting your savings goals? Whether you’re building an emergency fund or setting money aside for a vacation, check your progress and consider increasing your automatic transfers if possible—even a small bump can make a big difference over time.
3. Review Debt and Interest Rates
Take a look at your current balances and interest rates. Could you consolidate debt, refinance, or pay down high-interest loans more aggressively? A quick review can help you save on interest and pay off debt faster.
4. Review Spending Habits
Go through the last couple of months of transactions. Are there subscriptions you forgot about? Daily habits that are adding up? Identifying even one or two areas to cut back can free up money for more meaningful goals.
5. Set a Goal for the Next 6 Months
Maybe you want to boost your emergency savings, reduce your credit card balance, or plan for holiday expenses. Choose one clear, achievable goal to focus on between now and the end of the year. Having a target will keep you motivated.
Doing a mid-year financial check-in doesn’t have to take long—but it can have a big impact. United Bank & Trust is here to help you meet your financial goals - let's finish the year strong—together!
To visit with a Relationship Banker, or a Wealth Advisor, visit us or call us at (641) 753-5900!