Financial Tips for June: Mid-Year Check-In & Smart Adjustments

BFGWM Team
Jun 2
2 min read

As we reach the halfway mark of the year, June is the perfect time to hit “pause” and reflect on your financial journey. A mid-year check-in allows you to evaluate progress, make necessary adjustments, and ensure you're still on track to meet your 2025 financial goals. Whether you're saving for retirement, a home, or just trying to manage your budget better, these three actions can help realign your financial strategy.

1. Evaluate Your Progress on Financial Goals

Remember those financial goals you set in January? Now is the time to review them.

Ask yourself:

Have you made steady progress toward your savings or investment targets?
Are your spending habits aligned with your financial priorities?
Have any major life changes occurred that might impact your goals (new job, baby, home purchase)?

Use this evaluation to celebrate wins and identify areas where you might have fallen off track. A goal that felt right six months ago may need to be refined or re-prioritized based on your current situation.

Action Tip: Review your goals one by one and rate your progress. If needed, revise them to be more realistic or ambitious, using the SMART (Specific, Measurable, Achievable, Relevant, Time-bound) framework.

2. Adjust Investments Based on Market Changes

Markets shift. Economic outlooks evolve. Your investment portfolio shouldn’t remain static. June is a smart time to review your asset allocation and ensure it aligns with both your goals and the current market environment.

Consider:

Is your risk tolerance still appropriate?
Are you too heavily weighted in one sector or asset class?
Have any holdings consistently underperformed?

Action Tip: Meet with your financial advisor or log into your investment platform to evaluate performance. Consider reallocating if your portfolio has drifted too far from your intended asset mix or if market conditions call for a shift in strategy.

3. Rebalance Your Budget If Needed

Inflation, rising costs, or changes in your income can slowly throw your budget off balance. June is a good time to check in on your monthly cash flow.

Look at:

Your fixed vs. variable expenses
Any unnecessary or increased spending
Changes in income or savings contributions

Action Tip: Review your budget line-by-line. Cut or adjust where needed, and reallocate funds toward high-priority goals like emergency savings, debt repayment, or investments.

Think of June as your personal financial halftime. It’s not too late to course-correct—and it's a great moment to fine-tune your plan while there’s still plenty of time left in the year.

By evaluating your progress, adjusting your investments, and rebalancing your budget, you’ll enter the second half of the year with greater clarity and confidence.

Here’s to a financially focused and empowered summer!

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Note: This information is for educational purposes and should not be considered financial advice. Consult with a financial advisor for personalized guidance.

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