Examining your financial habits partway through the year can help you reach your annual personal financial goals. The authors at Equifax give some steps you can take for a mid-year review:

Planning and sticking to a budget can be hard. Use your mid-year personal financial review to make sure you're staying on track with your saving, spending and income goals. Start by reviewing your credit card and bank statements. A good plan would be to divide your spending into categories such as rent, utilities, food, health, and entertainment. By reviewing your spending habits for the first half of the year, you can develop strategies to alter or improve them during the second half.

If you're saving more than you thought you would at the start of the year, consider using your extra funds to pay off debt or invest. If you're spending more than planned, think of some creative ways to cut back. Either way, make sure your budget going forward is both realistic and flexible.

While reviewing your budget, also assess how much you have saved in your emergency fund. Most financial planning experts recommend having three to six months' worth of living expenses in an interest-bearing savings account. If you haven't built up an adequate emergency fund, it's not too late to start. Reassess your budget and come up with a saving plan to reach the three- to six-month target in a realistic timeframe.

Even if you're not planning to take out a loan or apply for a credit card anytime soon, checking your credit reports a couple of times a year is a good financial habit. Reviewing your credit reports allows you to correct mistakes and discover potentially fraudulent activity. You can request copies of your credit reports from each of the three nationwide credit bureaus and get ahead of bad situations by monitoring your credit histories to make sure that everything is accurate. You can get six free copies of your Equifax credit report each year when you sign up for an Equifax account.

You can also get free weekly Equifax credit reports through April 2022 at www.annualcreditreport.com.

If you have room to spare in your budget, consider adjusting your retirement savings contributions plan. Look for ways to adjust your budget to get as close as possible to these limits. In the process, you'll set yourself up for a more financially secure future.

Changing your passwords is a no fun, timely decision… but a smart one that will better protect yourself against fraud and identity theft. Make sure you have strong, unique passwords for any online accounts that include personal financial information. Strong passwords typically have both uppercase and lowercase letters, as well as numbers and symbols.

To protect yourself further, enable two-step verification on all your financial accounts. This security feature makes it very difficult for anyone to access your accounts besides yourself.

Check your credit card and financial statements to see what monthly subscriptions you're currently paying for. If you're not taking the time to read that newspaper, watch that streaming service or cook those meal prep deliveries, it may be time to cancel a few unimportant subscriptions.

Carefully looking over expenses that are considered tax-deductible halfway through the year can make things easier for you later. Examples include:

Accounting for these potential deductions now can save you time when your tax return is due next April.

The holiday season can be stressful for many reasons. If possible, do your best to avoid the financial stresses of it. Are you thinking about taking a vacation or making a large purchase during the holidays? If so, now is the time to start budgeting for these expenses. Saving now can make your plans this November and December more possible and carefree.