Mid-Year Financial Check-In: Are you on track to reach your goals?

We’re halfway through the year. This month is a great time to check in on those New Year resolutions you set out to accomplish in January. It’s also the perfect time to assess your finances to make sure you’re on track to reach your financial goals by year’s end.

Here are three ways to make sure you’re on track to reach your goals.

  1. Evaluate your debt and create a payment plan.

Tackling debt is not an easy task but the quicker you get started, the quicker you’ll pay off your outstanding balances and reduce your monthly bills. You can start by creating a list of all your debt. Be sure to include the important details pertaining to each account like the amount you owe, the minimum payment required, and the due date. If you have large outstanding credit card bills, stop using your credit cards until you pay them off.

Once you’ve calculated the minimum payment amount for each of your bills, include each payment in your budget. If you can afford to pay more than the minimum on your high-interest debt, tackle that balance as quickly as possible.

Be sure to explore your repayment options by contacting your lenders and discussing possible payment plans. You might be able to negotiate more affordable payments. >> Learn more about paying off debt.

  1. Start saving more money.

If you can comfortably afford to set aside more money for savings, now is a great time to start saving more aggressively. With less than six months left in the year, you want to work as hard as you can to reach your annual savings goal. You can never have too much savings, and you’ll be glad you saved when an unexpected expense pops up.

Make sure to update your savings goals using the America Saves pledge. Our savings tips and reminders will help you stay focused.

Have you been saving automatically? If not, now is a great time to start. With automatic savings, you set it up and let it go. Your money will be out of sight and out of mind so you won’t be tempted to dip into your savings. >> Commit to saving with the America Saves pledge.

  1. Check your credit.

Fun fact: Your payment history is one of the key factors in your credit score calculation. Checking your credit score regularly is a great way to see how your financial decisions are impacting your financial health. By keeping your balances low and making all your bill payments on time, you’re taking effective steps to improve your score.  

Checking your credit report is also a great way to spot fraudulent activity. If a new account is opened under your name you’ll find out soon enough to take action.

The benefits of good credit are lasting. People with high credit scores are more likely to get approved for credit cards and loans and receive lower interest rates. If your car breaks down and you need to apply for an auto loan to finance a new one, having good credit will work to your advantage. With good credit, you’re also more likely to get approved for a new apartment if you plan to move, or get a lower rate on your car insurance. >> Learn more about credit.

By taking these steps to tackle your debt, grow your savings and boost your credit, you’ll be on track to reach your financial goals by the end of the year.


Let America Saves help you save money. It all starts when you make a commitment to yourself to save. Take the first step today and take the America Saves pledge to save money, reduce debt, and build wealth over time. And it doesn't stop there. America Saves will keep you motivated with information, advice, tips, and reminders to help you reach your goal. Think of us as your own personal support system.

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Are you on track to reach your financial goals for 2018? Follow these steps from @AmericaSaves to do a mid-year financial check-in and find out! https://bit.ly/2uREWls 

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