Most people know the importance of establishing and practicing good Financial habits to achieve their short- and long-term life goals.

However, a common mistake many people make when deciding to improve their financial lives is to become too ambitious. They may try to follow too many habits and find it difficult to maintain these Financial Habits.

What is the solution to this recurring problem? Start by choosing just one or two habits, said Tanya Peterson, vice president of brand at Achieve. Here are eight financial habits you can establish and follow every day to improve your overall financial health.

Pay bills on time

Maybe you practice this financial habit regularly! Make bill payments on time. This can be done by creating a system, Peterson said. Consider using an app, an online calendar, or a paper file on your desktop that you’ll use frequently to make timely bill payments.

Get cashback every day

Cashback is a great and easy way to put a little money back in your pocket. With a Discover® Cashback Debit account, you can earn 1% cash back on up to $3,000 per month (check website for details), unlimited per category (unlike many cash back opportunities that are limited to purchases like food or… Trips).

The Discover Cashback Debit Account aims to eliminate complications and drawbacks. Opening an account has no impact on your credit score and never charges fees. What you do enjoy is consistent cash back, fraud protection, and FDIC insurance, so you can make money back on what you spend every day, with peace of mind.

Check accounts daily

How much do you have in checking and saving? Valerie Moses, senior relationship manager at Addition Financial, recommends making a habit of reviewing your accounts every day.

There are some benefits to checking in daily. You will know how much money is available at all times and will be able to avoid overdrawing your accounts, Moses said. It is also an easy way to spot any scam that may be occurring. If you think something has happened, Moses said you can stop it and mitigate its effects. It’s also easier than ever to monitor our finances using online and mobile banking apps.

Practice stacking habit

What is habit stacking and how does it relate to personal finances? Habit building is the practice of linking a financial habit to an existing habit, said Alvin Carlos, a financial planner at District Capital Management. This helps you stay focused on the financial habit.

Carlos gives the example that you can review your finances after a run on the weekend or after a coffee on a Saturday morning. He also recommends adding a recurring event to your calendar that allows you to review your finances once a month.

Automate saving 10% of each paycheck

Once you can do it, make saving a habit, Peterson recommended. Start by saving 10% (more if possible, less if necessary) of each paycheck.

“Make it a habit by automating it, so it doesn’t become a decision about whether or not you should save a certain amount,” Peterson said. “Banks and credit unions usually allow you to arrange a withdrawal from your checking account to your savings account. Often, employers can also automatically deposit part of the pay into a savings account.

Create and respect a budget

If you don’t have a budget yet, it’s time to create one. If you have a solid budget, keep using it. Creating a budget and sticking to it is one of the best financial habits anyone can implement, Moses said.

“Having a budget will tell you where your money goes and help you make every dollar count,” Moses said.

However, remember that every budget is different based on your family’s unique needs and priorities. Moses recommends periodically reevaluating your budget to determine what’s working and what’s not.

Find small ways to save

With inflation and the rising cost of living, Peterson recommends looking for small ways to save money. Consider washing clothes in cold water instead of hot, and prepare some creative meals using what you have in the pantry and refrigerator instead of running out to the store.

“The little things may seem insignificant, but getting into the habit develops smart spending,” says Peterson. “The little things will add up and you, too, may find that you eat and live healthier.”

Set financial goals

Committed financial habits require purpose. Once you know what financial habits you want to start using and can follow those habits, Peterson recommends taking the time and effort to determine how those habits will allow you to achieve short- and long-term financial goals. This includes retiring at a certain age, going on vacation, having time for a hobby, or buying a new television.

Keeping financial goals in mind also makes it easier to avoid impulse purchases and stick to your budget, Moses said. Financial goals not only improve your daily life, they also set you up for future success.

“Once you focus on what you want to do in life, it will be much easier to create saving and spending habits that get you there,” Peterson said.