By GreenPath Financial Wellness.

Developing healthy financial habits can do wonders for helping us achieve our goals, and the earlier you start, the better! Here are three habits to start today:

Write down what you spend.

Budgeting is the foundation of personal finance. If you’re new to budgeting, the first step is to write down what you spend: it could include the coffee you get each morning, the sofa you purchased for your apartment or house, or the monthly charge for the streaming video service you use.

The idea behind a budget is not to limit what you do with your money, but, more importantly, to maximize the money you work hard for daily. Cutting out even small things, such as that coffee or a soda purchase daily, could save you over $100 per month.

Best of all, technology has made it easier to connect you with your finances and spending habits from the comforts of your mobile phone or tablet. There are a variety of free budgeting apps available that can track your spending, so it’s there to review as needed.

Create clear financial boundaries.

Ignoring the “Joneses” can be one of the biggest battles when making practical decisions regarding your finances. Spending outside of what your budget can handle will push you further away from saving money and deeper into debt. “Can I do without this?” is one of the questions you should ask when making a sizable purchase, such as a new automobile or buying/renting in a new trendy neighborhood.

Consider implementing the “50-20-30 rule.” Experts state that we should spend 50% of our monthly income on necessities, including utilities, food, and rent or mortgage. The next 20% is allotted to savings and debt, such as paying off loans or student debt. The last 30% of your income is for personal purchases, such as your phone plan, internet/cable/streaming services, clothing, and personal care. Staying within these guidelines can establish financial boundaries that will cultivate a healthy financial future.

Paying yourself is priority #1.

When managing your finances and becoming more independent, you have permission to be a bit selfish. Paying yourself first is vital to having a successful financial future. No one can avoid unexpected expenses or financial emergencies, but like a Boy/Girl Scout, you should “be prepared.”

Many employers make it easy for their employees to save by offering direct deposit options, where a portion of your paycheck is put into a savings or money market account each pay period. You can also automatically transfer from a core bank account to a long-term savings or investment account.

As you work to achieve your savings goals, keep in mind that you can increase your contribution amount while ensuring it works for your budget. It’s also savvy to contribute as much as possible to your 403b or 401k employer-sponsored retirement savings plan. This money can be taken out of your check even before you get paid, so it’s likely that you won’t even miss it. You will likely experience long-term tax benefits as well.