As we enter the new year, here’s a quick reminder on some essential personal finance habits to reinforce.

1 – Track and routinely review spending

It’s critical to know where your money is going to improve your financial wellbeing. This action helps you course-correct if needed. It also allows you to know whether your intended financial plan is working. Make it a habit to review weekly or monthly, and use an app to make it easier.

2 – Pay and invest in yourself

You work hard, and you should treat yourself by paying yourself first. This means setting aside some income for savings and investing across retirement accounts, personal brokerage accounts, etc. Start building wealth today.

3 – Pay on time, and pay the full amount

Paying bills fully and on time is a simple way to improve credit and lower expenses (by reducing fees and interest). Also, spending more than you can pay fully on time is a sign that something needs to change.

Let’s get after this year.