THE MIDDLE GROUND

Review of finances can give you more to spend

- BY RACHEL BERESFORD

AS THE year inches closer to its halfway point, many of us may find ourselves swept up in the demands of everyday life.

With so much going on, it's easy to let financial check-ins slip down the priority list, however setting aside time for a mid-year financial review could be one of the most valuable steps you take all year.

We spoke with Liz Colfer, director and chartered financial planner at wealth management firm Five Wealth, who offered valuable insights into how a mid-year financial check-in can help you monitor your progress and make smart adjustments before the year wraps up.

She highlighted several key benefits of conducting a mid-year review, along with three essential questions to help steer the process...

Helps you adapt to life changes

Major life changes can happen at any time of the year. That's why the halfway point is a great opportunity to review your finances and adjust them to fit any new circumstances.