I recently read an article that said millennials will need to save $2 million dollars to live during retirement.  Yes you read that correctly, $2 million!  Their success in achieving this goal will be dependent on several things including their financial habits. Saving $2 million dollars will be no easy feat, but the key is to get started now!

Saving any amount of money takes discipline and a plan.  Developing good financial habits now will increase the opportunity for long term financial success. It is important for everyone, not just millennials to develop good financial habits .  Your habits are largely a result of your mindset.  Your mindset develops over the course of your lifetime based on your experiences and knowledge about money.  Take a minute and think about your financial routine.

Do your habits indicate that your mindset is about creating wealth and financial security?

Are your habits moving you towards or away from your financial goals?

No matter what your financial habits are currently, here are 5 financial habits that you can implement now that will help you get on track and improve your finances.

1. Pay Yourself First

2. Track Your Financial Transactions

3. Daily Financial Check In

4. Review Financial Goals Regularly

5. Read Financial Articles, Magazines and Books

Start implementing these 5 habits today and watch your finances begin to improve!