A mid-year check-in helps you spot trends, adjust goals, and stay on track for the rest of the year. Use this simple checklist to assess your financial health at the six-month mark and update your plan for success.
- Gather Your Key Documents
- Log in to the Online Banking portal and download your checking, savings, and credit card statements.
- Collect any mortgage, auto loan, or other debt statements you’ve received so far this year.
- Analyze Your Spending Patterns
- Compare actual expenses to your original budget using our Financial Calculators.
- For a step-by-step guide to building and sticking with a budget, consult the CFPB’s “Budgeting: How to create a budget and stick with it” article.
- Reassess Your Savings Goals
- Check your emergency fund balance against the 3–6 month target you set at year-start.
- Review any dedicated “sinking funds” for vacations, car repairs, or holiday gifts.
- If you need to top up, set up or adjust automatic transfers into your high-yield Savings Account.
- Download the CFPB’s Monthly Budget worksheet (fillable PDF) to map out income and expenses.
- Review Debt Obligations
- List outstanding balances, interest rates, and minimum payments for mortgages, auto loans, credit cards, and any personal loans.
- Visit our Loans page if you’re considering refinancing or consolidating debt.
- For techniques on paying down debt faster, explore CFPB’s “Get a Handle on Debt” toolkit.
- Check Your Investments and Retirement Accounts
- Log in to any linked brokerage or retirement portals and note year-to-date performance.
- Use our Financial Calculators to project how regular contributions and market returns affect your long-term goals.
- If you hold short-term CDs with us, consider whether to reinvest maturing funds via our CD offerings.
- Verify Insurance and Beneficiaries
- Confirm that your home, auto, health, and life insurance policies still meet your needs.
- Review and update beneficiary designations on retirement and life insurance accounts.
- The National Endowment for Financial Education’s Smart About Money site offers an insurance checklist.
- Update Your Budget and Automate Adjustments
- Reallocate funds to reflect any new priorities—back-to-school, fall travel, or holiday savings.
- In the Online Banking portal, adjust recurring transfers and set low-balance alerts so you stay within your updated plan.
- Plan Next Steps and Check-Ins
- Schedule a quarterly reminder on your calendar to repeat this review in October.
- If you need assistance refining your plan, stop by our branch or give us a call—our team is here to help!
Completing this mid-year review will give you clarity on where your finances stand and confidence in the adjustments you make. Keep this checklist handy and revisit it regularly so you head into the final months of the year with control and peace of mind.
