Keep your money goals on track with a midyear financial checkup
Determine whether you're on schedule to meet your savings, tax and other financial goals this year.
Fantasizing about reaching your financial goals is easy. Actually accomplishing them is more difficult.
More than one-third of Americans considered a financial resolution for 2016, according to a telephone survey of more than 2,000 Americans by Fidelity Investments. Top goals included saving more, spending less and paying down debt. For these goal-setters, summer is a great time to gauge progress made toward those objectives, experts say.
“I do think a midyear financial checkup is a great idea because, hopefully, Americans are slowing down a bit,” says Pamela Sandy, a certified financial planner and president of the Financial Planning Association.
Not only is summertime a good halfway point between New Year’s money resolutions and year-end tax planning, it’ll also be easier to contact financial experts, tax planners, human resources representatives and other advisors, who are less swamped in the off-season.