Mid-Year Money Check-In: Are You On Track?

As summer heats up and the year hits its halfway mark, it’s a great time to step back, take a breath, and check in on your finances. Whether you’re just coming off a busy stretch at the firehouse or enjoying some well-earned time off, a quick financial check-in can help you stay aligned with your goals and avoid surprises later in the year.

Here are a few smart ways to assess your progress and make adjustments if needed:

• Give your budget a quick refresh: Life moves fast—expenses shift, priorities change. Take a moment to review your monthly budget and adjust for anything new. Maybe grocery costs have gone up, or you’re spending less on gas. Keeping your budget current keeps you in control.

• Revisit your emergency fund: A solid emergency fund is like having backup on the scene—you might not always need it, but when you do, it’s a lifesaver. Aim for 3–6 months of expenses, and check in to see if your current savings reflect that.

• Track your debt payoff progress: Paid down a credit card? Reduced a loan balance? That’s worth celebrating. If debt is still hanging around, look at your strategy—maybe it’s time to ramp up payments or try a new approach.

• Check in on retirement contributions: Whether retirement is decades away or closer than you'd like to admit, contributing consistently is key. If you got a raise this year or haven’t increased your contribution in a while, now might be a good time.

At FASNY FCU, we’re here to help you stay on track with financial goals that work for your life on and off duty. If you’re looking for ways to fine-tune your strategy, reach out—we’re just a call or click away. Let’s make the second half of 2025 even stronger than the first.