Experts suggest that now is a good time for South Florida families to review their finances. Many residents are finding it challenging to get ahead financially. Some have noted that the cost of living has increased significantly, with one resident commenting that prices have doubled.

Bankrate analyst Alex Gailey recommends making small adjustments to budgets and savings. Gailey believes that being methodical about financial planning can make a difference over time. Further details on midyear financial check-ins and expert advice are available from CBS4 Miami.