1. Worklife
  2. Money 101
  3. How to Do a Financial Goals...

How to Do a Financial Goals Mid-Year Check-In

As we approach the halfway point of the year, a lot may be running through your head. Your summer plans, current work responsibilities and much more are all common things to be thinking about. 

But this year, we urge you to think about something else. We encourage you to partake in a mid-year check-in of your financial goals.

There are a few things every financial mid-year check-in should include. 

Review Your Financial Goals and Budget

Perhaps the most important thing to start with is to check in on your financial goals and overall budget. 

Assess how much money you are budgeting, saving and spending and determine if that needs to be adjusted. 

Additionally, you should review your goals as well and remember it’s no big deal if they have to change because financial goals are always subject to change pending the circumstances. 

Review Your Savings 

Other actions that we recommend being a part of your mid-year review are assessing your investments, retirement account contributions and your interest rates. 

Whether you’re putting money aside in a savings account or investing your money, it’s always smart to keep your finger on the pulse. You should always be doing your due diligence when it comes to your investments. 

When it comes to retirement contributions, make sure you are contributing enough to your fund and taking advantage of whatever your provider matches. If you have interest rates, pay close attention to them to ensure you’re getting the best rate available.

Take On Debt

Not everyone has debt… but a lot of people do. There’s a famous quote: “The best way to save is to get rid of debt.” This is saying as long as you have debt and leave it unattended, you’ll have a hard time reaching your financial goals.

Whether it be from student loans or a house, debt can be a nasty thing that hangs over your head. It’s best to take care of it as soon as you can.

All information herein is for educational purposes only and should not be relied upon for any other use. The information herein does not constitute the rendering of financial, business, accounting, securities, tax or legal advice or other professional advice by DailyPay. No fiduciary obligation or duty exists, or is created, between you and DailyPay. DailyPay does not warrant the completeness or accuracy of any information provided to you.

Get Your Pay When You Need It

Join over 700,000 DailyPay users and get your pay any time before payday.

Get Started