Savings to expenses: What to do in your mid-year financial review

Time to reassess your budget and adjust it to reflect your current financial reality

With the equity markets surging, most major categories of equity funds have given high double-digit returns year-to-date. While an annual review is usually sufficient, a mid-year review becomes advisable especially in the years when one asset class has far outpaced others. Besides investments, several other aspects of one’s finances should also be reviewed.     

“Your money life is very different today than when you started in January. A mid-year review makes the end-of-year financial review manageable and less stressful,” says M. Barve, founder, MB Wealth Financial Solutions. 

Rebalance investment portfolio

Rebalancing becomes essential when your asset allocation—that is, weight