It’s July—halfway through the year and the perfect time to revisit your finances. Whether you're crushing your goals or need to pivot, a mid-year review can help realign your financial plans for the rest of 2025.
Step 1: Revisit Your Budget
Have your expenses or income changed? Life happens—new jobs, inflation, travel plans. Take time to:
- Review what you’ve spent the past 6 months
- Identify any categories where you're overspending
- Adjust your budget to reflect your current situation
Pro tip: Use our online banking tools to track spending trends by category!
Step 2: Check on Your Goals
Did you set financial goals in January? Now’s the time to ask:
- Are you halfway there?
- Do the goals still make sense?
- Can you boost your monthly contributions?
Common mid-year goals include:
- Saving for holiday expenses
- Paying off credit card debt
- Boosting emergency savings
Step 3: Evaluate Your Debt Strategy
If you’re carrying high-interest debt, review your repayment plan. Consider:
- Using the snowball or avalanche method
- Consolidating for a lower interest rate
- Setting auto-pay to avoid late fees
Step 4: Optimize Savings & Investments
July is a great time to:
- Check your 401(k) or IRA contributions
- Add to a vacation or emergency fund
- Explore our savings products or CDs
If you haven’t yet, consider automating your savings—it’s one of the easiest ways to reach your goals without thinking about it.