Money Fix: Midyear financial checkup

New research from the Principal Financial Well-Being Index shows that people are more likely to rate themselves as physically healthy (53 percent) than financially healthy (31 percent).

Midyear presents the perfect opportunity to do a financial checkup.Look at your savings, cash flow, debts -- everything. Where are you? Where did you plan to be? "Make changes to get back on track," says Rocco Carriero, a private wealth adviser for Ameriprise Financial in Southampton. Avoid surprises by tracking goals weekly or monthly.

Use money sitting in your bank earning next to nothing to pay credit cards, says Randy Siller, a financial planner with Lincoln Financial in Rye Brook.

What's the worst mistake you could make? Robert Mollenhauer Jr., a CPA with the Metis Group in Plainview, says: "Doing nothing."