Mid-Year Financial Check-Up
As summer has settled in, it’s the perfect time to take a pause—not just to relax and recharge, but to check in on your finances. With half the year behind us, now is your chance to reevaluate your financial goals, fine-tune your budget, and make sure you’re on track for the rest of the year.
Here are five key areas to review—and how Ft. Randall Federal Credit Union can help you finish the year strong:
1. Review Your Budget & Spending Habits
Have your expenses crept up since January? Mid-year is a great time to analyze your monthly spending. Look for subscriptions you no longer use, rising utility bills, or impulse purchases that add up.
Use your Ft. Randall FCU online and mobile banking tools to categorize your spending and identify where your money is going. Consider using a budgeting app that connects with your accounts or schedule a visit with one of our team members for help building a smarter budget.
2. Check In on Your Savings Goals
Are you saving for a vacation, a down payment, or holiday gifts? Maybe you planned to build up your emergency fund this year—how’s that going?
Our Monthly Deposit Savings Calculator can help you map out exactly how much to set aside each month to hit your goals. Plus, our competitive savings and certificate accounts make it easy (and rewarding) to save for short- and long-term goals.
3. Reevaluate Your Debt & Credit Usage
This is a smart time to review your credit card balances, personal loans, or auto loans. Could you pay down debt faster or refinancing it to a better rate?
Consider consolidating high-interest credit cards with a low-rate personal loan from Ft. Randall FCU. It could help simplify your payments and reduce what you pay in interest. Not sure where to start? We can help walk you through it.
4. Monitor Your Credit Score
Your credit score impacts everything from loan approvals to interest rates. Mid-year is the right time to check your credit report for errors, understand your score, and make a plan to improve it if needed.
Use free tools to view your credit report. If you're looking to build or rebuild your credit, ask us about secured credit options or other ways FRFCU can help you take the next step.
5. Reassess Financial Goals
Did you set financial goals in January? Whether it's buying a car, starting a college fund, or retiring sooner, check in and adjust your strategy if needed.
We offer flexible savings accounts, youth accounts, and personalized financial guidance to help you stay focused and confident about your financial future.
Let’s Make the Second Half Even Stronger
Your finances deserve a regular check-up, just like your health or your car. Ft. Randall Federal Credit Union is here to support you with tools, resources, and friendly advice to keep your money working for you.
Want a personalized financial review? Stop in or give us a call. Let’s finish the year strong, together.
