雅虎香港電視

With two quarters under the market's belt in 2024 and the next earnings season on the horizon, Rachelle Akuffo joins Wealth! to discuss how you can navigate a mid-year financial check-in.

She stresses the importance of looking back on your budget for the first half of the year and noting where you may have overspent or underspent. This will help you adjust your budget to better reflect your lifestyle and needs in the second half of the year.

Akuffo also encourages revisiting your financial goals and ensuring they're SMART — Specific, Measurable, Achievable, Relevant, and Time-sensitive. She points to increasing payments on high-interest debt or trimming unused subscriptions as a way to get closer to those financial goals.

During that process, you should check in on your emergency fund and make sure to replenish it if it has been dipped into. Akuffo explains that an emergency fund should have three to six months' worth of living expenses to prevent any financial shocks if an emergency were to arise.

For more expert insight and the latest market action, click here to watch this full episode of Wealth!

This post was written by Melanie Riehl