Summer tends to fly by in a blur of vacations, barbecues, and long sunny days. As we approach the final stretch of the season, now is the perfect time to pause and take stock of your finances. A few proactive steps today can set you up for a strong finish to the year and help you avoid the end-of-year scramble.

Here are five smart money moves to consider before summer officially winds down:

1. Review Your Budget After Summer Spending

Summer often comes with extra expenses, travel, activities for the kids, and spontaneous outings. Take a moment to review your budget and see where you stand. Did you overspend in some areas? Are there places you can trim as you head into fall? Adjusting now can help you stay on track with your long-term goals.

2. Check In on Your Investments

Markets do not take a vacation, and the past few months may have brought changes to your portfolio. Reviewing your investments mid-year is a great way to ensure your strategy still aligns with your goals and risk tolerance. If you are unsure where to start, a conversation with your advisor can help bring clarity.

3. Maximize Retirement Contributions Early

Do not wait until December to think about your retirement accounts. Contributing consistently throughout the year allows your investments more time to grow. If you can, consider increasing your contributions now to take full advantage of employer matches and compound growth.

4. Plan for Upcoming Expenses

Fall and winter bring their own financial demands, back-to-school shopping, holiday spending, and maybe even end-of-year travel. Start setting aside funds now so those expenses do not sneak up on you later. A little preparation goes a long way toward avoiding debt.

5. Schedule a Financial Checkup

Just like your annual physical, a financial checkup keeps everything on track. Whether it is reviewing your insurance, updating your estate plan, or discussing new goals, checking in with your advisor ensures you are making the most of your money as the year progresses.

Make the Most of the Months Ahead

With a few smart moves now, you can wrap up summer feeling confident about your financial direction. If you would like to review your plan or discuss your next steps, we are here to help.

Contact us today to schedule your mid-year review and finish the year strong.