No matter how much fun your summer is shaping up to be, it’s no time to put your finances on pause. Take a look at the past six months to gauge how you can adjust your strategic or tactical actions to ensure you are making steady progress toward your financial goals.

Check In With Your Cash Flow

Is your spending under control, leaving you with a chunk of untouched income each and every month? If not, take a deep dive into your budget to see what your dollars are doing. During this exercise, separate your spending on ‘needs’ vs. ‘wants’ and be willing to tighten that proverbial belt. And make sure your emergency fund is fully funded so you’re not tempted to reach for short-term, high-interest debt when an unexpected need arises.

Look at Long-Term Goal Progress

If your cash flow and emergency fund are in good shape, point that unspent monthly chunk toward larger goals like retirement, kids’ college funds, or other investment vehicles – like a Roth IRA. Research has shown that time in the market may be more effective than trying to time the market. Now is an optimal opportunity to diligently and consistently fund investment accounts linked to your long-term goals.

Make Adjustments Based on Life Changes

Have there been any births, deaths, breakups, job transitions or other notable life changes since 2017 began? If so, you may need to tweak your insurance coverage, amend your estate planning documents, or revisit the beneficiaries listed for your various accounts and policies. Since these big life changes can impact your priorities in many ways, take some time to determine how your overall financial plan might be impacted.

Once you confirm your financial house is in order, take some time this summer to focus on the REST of your story.

David Kern is a Wealth Management Advisor at Wealthquest – a Cincinnati based financial planning and wealth management firm that offers a full range of financial services under one roof, for one simple fee.