Why Conducting a Midyear Financial Review Matters More Than Ever

ZANESVILLE, OH – We are already half way through 2026 and the Ohio Department of Commerce says now serves as the perfect time to do a Midyear Financial Review.

A midyear financial review can help to ensure you’re on the way to achieving your financial goals for the year and even serve as a way to help identify ways to help you save more.

Robert Rutkowski, the Deputy Superintendent of the Ohio Division of Financial Institutions, says this is similar to a road map and Ohioans need to know they’re on the right path to financial stability.

“One of the things is your emergency fund, whether you have a month, two months, or 6 months, it’s important to know, is that funded?” Rutkowski said. “Because if something goes south, and let’s be honest that’s what happens, you need to have the resources there to deal with any challenges you might face.”

These types of assessments can help consumers navigate the economic challenges that many households continue to face.

According to a recent survey, Ohio had a lower rate of increase in consumer debt relative to other states, but an Experian survey found that Americans collectively owed $18.57 trillion in debt in 2025.

“Go through your credit card statements, go through your bank statements, find all those recurring monthly charges.” Rutkowski said. “You can cut hundreds of dollars a month, in some cases, and certainly, even if you only $50 a month, well that’s $600 a year right?”

For more information or tips for doing a midyear financial review, you can head to The Ohio Department of Commerce’s website.