YOUR MID-YEAR MONEY RESET

You've made it to the middle of the year, but have your savings goals gone the distance? Take the time to reassess your finances to put you back on track for the next six months. Here's how to do it in five simple steps

- HELEN WALLACE

With price tags, such as plane tickets to an exotic island for that much-needed getaway, or a down payment towards a shiny new set of wheels. But, considering that most people - a whopping 80% give up on their New Year's resolutions by February and our poor track record, as a nation, when it comes to saving, it's safe to assume that by the middle of the year, you might be further away from meeting these goals than you'd have hoped. Add to that any lifestyle changes, big or small, that have occurred since the year commenced and things might not be looking as they should.

But fear not! Even if you are behind, a mid-year audit and reset can help you see where to make adjustments so that your financial dreams for 2022 can be realised.

It's not too late! Here are five steps to take to get yourself back on track all start off each January with big dreams for the year ahead. And these dreams often come

1 Review your action steps

When you came up with your savings goal, a plan would have been put into place to get you there. Have you taken these steps or stuck to the plan? If not, why not? While there's nothing wrong with aiming high, it might be that your goals are - or the time frame is unrealistic. This doesn't mean that you have to give up. It just means looking at where you're at, whether you are on track, and what steps (and how long) it will take to get there.

2 Take note of changes