It’s July—which means we’re officially halfway through the year. Summer offers a natural pause in the calendar, making it the ideal time to reflect, regroup, and reset your financial goals. Whether you’ve been laser-focused or life has pulled you off track, a mid-year financial review can help you assess your progress and make meaningful adjustments for the months ahead.

At PrairieView Wealth & Tax Advisors, we believe financial planning should evolve with you. Here are five steps to take right now to refocus and realign your finances for the rest of the year.

1. Review Your Budget and Spending Habits

Start with the basics. Has your spending aligned with your expectations this year? Use this time to compare your actual expenses to your planned budget.

• Are there categories where you’ve overspent?
• Have new expenses popped up that weren’t part of your original plan?
• Are there subscriptions or discretionary costs that no longer serve you?

Even small changes can make a big difference in helping you stay on track and feel more confident about your spending in the second half of the year.

2. Evaluate Your Savings Goals

Now is a great time to check your progress on key savings milestones.

• Are you on track to fund your emergency savings or major purchases?
• Have you contributed regularly to your retirement accounts or your child’s college fund?
• Do you need to adjust auto-deposits to align with your goals?

If you’re behind on savings, this is your opportunity to reallocate resources and set smaller, achievable targets for the rest of the year.

3. Reassess Your Investments and Risk Tolerance

The market is always moving—and your comfort level might be, too. A mid-year check-in is a smart time to:

• Review your portfolio performance and asset allocation
• Consider whether your risk tolerance has shifted based on life changes or market conditions
• Rebalance your investments to ensure they still support your long-term strategy

At PrairieView Wealth & Tax Advisors, we use a detailed, data-driven process to help clients make rational decisions—even during irrational times.

4. Realign Your Financial Priorities

Life rarely goes exactly as planned. New jobs, growing families, shifting goals—all of it can impact your finances. Use this moment to reflect on what matters most now.

• Do your goals still align with the financial plan you started the year with?
• Are there new opportunities or responsibilities to factor in?
• Have you experienced a major life event that requires updates to your estate plan, insurance coverage, or tax strategy?

It’s never too late to pivot—and often, it’s the smartest move you can make.

5. Schedule a Financial Review with Your Advisor

You don’t have to do it all alone. One of the most valuable steps in a mid-year financial review is simply sitting down with your advisor.

At PrairieView, we’re here to help you:

• Clarify your current goals
• Assess what’s working (and what’s not)
• Create a forward-looking plan that’s flexible, personal, and purpose-driven

Whether you need to update your strategy or just want a second set of eyes, our team is ready to walk alongside you.

Final Thoughts: Take Action, Stay Aligned

A mid-year financial review isn’t about judgment—it’s about progress. You don’t have to have everything perfectly in place; you just need to be honest about where you are and intentional about where you’re going.

Let’s make the second half of your year even stronger than the first. Schedule a summer review with your PrairieView advisor and keep your financial plan aligned with your life.

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