With the cost of living soaring and the silly season approaching, many of us may find the next few months puts extra pressure on the household budget.

When we’re busy or under extra financial stress, it can also be easy to forget to plan or to lose sight of long-term money goals.

With that in mind, it could be a good time to do a broader financial health check to ensure things are tracking as they should be. It simply involves looking at the broader money picture and doing a quick assessment.

Here are five starting points.

1. Do you have a budget?

A budget is a great way to keep track of the money coming in and going out of your bank account. You can set some spending and saving goals and document what you’re allocating to different parts of your life, like food, rent or mortgage payments, study, leisure and transport.

Here’s a link to MoneySmart’s budget template.

2. Are you meeting your savings goals?

Do you have a holiday you’re saving for? Or a new car or home deposit?

Making regular payments is one way you may be able to get to your goal faster. Most bank accounts allow automatic payments and it may be as simple as setting it up in the app.

3. If you owe money, do you have a debt plan?

Having debt from a credit card, a personal, car or student loan or payday loan can be stressful, especially if you’re paying interest or fees and it’s mounting up.

There are various strategies that can be used to pay down debt, which we talk about in this article.

Remember: You can speak to a free financial counsellor if you’re worried about your debt via the National Debt Helpline on 1800 007 007.

4. Is your super set up for your later years?

Retirement may be many decades away, but the little changes we may in the early part of our careers can make a big difference. These include making sure you’ve got the right investment strategy for your age and risk tolerance, ensuring you’re not overpaying on fees, and have a single retirement fund.

If you’re not sure, you can look at your super fund details on MyGov and speak to your fund or a financial adviser (the latter comes at an additional cost).

5. Do you have insurance (inside or outside of super)?

Speaking of super, there are certain types of insurance you can get deducted from super to help cover you or your family if something expected happens, such as an injury or illness that prevents you from working.

Beyond that, there’s are other types of insurance to consider depending on your needs and circumstances, including health insurance, home and contents insurance and if you’re planning a trip, don’t forget travel insurance.

Like every article on TomorrowMoney, this is not personal financial advice.