As the year progresses, your financial goals feel as if they are looming over your head. However, there’s plenty of time left in the year, now is the perfect time to reevaluate or adjust your goals to suit what you’ve already achieved year-to-date.  If you feel you’re not where you hoped to be at this point in the year, don’t worry! You still have a chance to make a comeback. Whether you want to reassess your savings or simply just plan for a summer vacation, let’s take a look at four money moves you can make to strengthen your financial strategy this spring.

Evaluate Your Spendings and Savings

It can be easy to set savings goals at the beginning of the year only to quickly realize that life has come at you and you aren’t balancing your spendings and savings as much as you would hope. But that’s the beauty of reevaluating your finances at least every quarter, though reviewing them monthly can help you stay on top of changes and track your progress more closely: you can shift your funds if necessary.

For example, take a look at your bank and credit card statements. Do you notice any expenses that you didn’t realize you even had? This is especially useful in a time where monthly subscriptions creep up on you!

Don’t forget about any raises or bonuses you may have had. Have you factored that money into your budget?

Lastly, don’t be afraid to adjust your budget. Your financial goals that you set at the beginning of the year should not be your end-all-be-all. To maintain your financial wellness, you need to be ready to frequently make adjustments to your goals and budgets.

Take Advantage of Employer Benefits

If you get benefits from your job, such as a 401(k), HSA/FSA funds, or stocks or bonuses, you should check on them during this quarter. These company benefits aren’t something that you set up and forget about: it’s crucial to check if you are maximizing your contributions. This is especially the case if your job has a flexible spending account, or FSA. Some FSAs are a “use it or lose it” situation.

If your job is with a company that issues mid-year stocks or bonuses, consider what your plan is for that money. Paying off debts, making investments, or a tax-efficient strategy could be a useful way to utilize that money.

Think Ahead for Tax Season

While we’re on the subject of taxes, keep in mind that Q2 is a great time to think about your taxes, rather than waiting until the next tax season. If you had a significant tax refund on your most recent taxes, adjust your current withholding so next year doesn’t surprise you in the same way. Similarly, if you have a lower income this year compared to last year, consider a Roth conversion to lower your taxes. Finally, consider shifting your investments into tax-friendly accounts.  Tax planning is not something you do once a year, but instead, throughout the year.

Handle High-Interest Debt ASAP

Unsurprisingly, high-interest debt can be a major detriment to all your financial progress. If your credit card debt is higher than you’d like it to be, it is best to take care of it now before it snowballs into an even worse situation.

Three ways you can take high interest on credit card bills are:

• Prioritize any debt that has double-digit amounts of interest.
• Consider transferring the balance to a card with a lower interest rate (or taking out a personal loan if you are in a financial position to do so.)
• Set up automatic payments; even paying a small amount consistently is better than having to pay thousands in interest in the future.

Final Thoughts

If the state of your finances half way through the year isn’t what you hoped, don’t despair over it. There is always enough time to reevaluate your situation and make adjustments next quarter. The faster you notice any potential financial issue, the easier it is to tackle before it becomes even worse. As long as you are regularly checking and adjusting your strategy (and maybe even utilizing a trusted financial advisor), you can tackle what life throws at you.