Habits are simple things you do every day which are incredibly powerful because they have a cultivate effect. For example, if you take a moment to floss every day, your chances of enjoying dental health are better. If you exercise a bit every day, your chances of long-term fitness and health improve. Similarly, there are simple financial habits that take only minutes but can become the path to life-long financial freedom:

1) Save every day. This habit is vital. Whether you empty your change into a jar to take into a savings account at the end of the week or whether you say no to one unneeded purchase today, you are building the foundations of good financial health. Even putting five dollars into your emergency fund today can help.

2) Pay off something every day. Whether you put a few extra dollars on your credit card today or save a little extra to pay off that personal loan faster, paying down your debts is a big part of good financial habits. Even a few dollars extra towards your debts each day can really add up.

3) Review every day so that you know where you stand. People with good financial habits don’t stick their head in the sand – they know where they stand financially. They check their credit scores regularly, know the balance owed on their personal loans, and know how much they have in their accounts. Do you? It only takes a few minutes of checking to find out for sure.