We all have financial goals: Pay off debt, plump up that nest egg, save for a much-needed springtime vacation ... just to name a few.
But even with a clear destination in mind, sometimes the path to achieving those goals can seem long -- and, frankly, winding.
So to help you on your way, we're bringing you five motivating money shortcuts that should take only five minutes of your time to complete.
Simple and straightforward, these quick tips will help you hit the ground running -- and keep the pace as you strive to hit your financial targets.
This post originally appeared on LearnVest.
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LearnVest Planning Services is a registered investment adviser and subsidiary of LearnVest, Inc., that provides financial plans for its clients. Information shown is for illustrative purposes only and is not intended as investment, legal or tax planning advice. Please consult a financial adviser, attorney or tax specialist for advice specific to your financial situation. Unless specifically identified as such, the individuals interviewed or quoted in this piece are neither clients, employees nor affiliates of LearnVest Planning Services, and the views expressed are their own. LearnVest Planning Services and any third parties listed, linked to or otherwise appearing in this message are separate and unaffiliated and are not responsible for each other's products, services or policies.
Top 8 Benefits of Financial Education
Learn How to Budget (01 of08)
Open Image ModalBudgeting and tracking your expenses will give you a firm grasp on how much money is coming in and where it’s going out. This can help you cut wasteful spending and free up more of your income. (credit:Getty Images)
Become a Smart Saver to Build Your Savings (02 of08)
Open Image ModalOver 75 percent of Americans don’t have enough in savings to cover their bills for six months, and 25 percent have no savings at all. Becoming a smart saver will help you create a strong savings plan to be ready for an emergency or rainy day.Source: Federal Reserve, US Census Bureau, Internal Revenue Service (credit:Getty Images)
Manage Your 401(k)/Defined Contribution Plan(03 of08)
Open Image ModalMost of us have 401(k) retirement or similar defined contribution plans, but don’t quite understand how to properly take advantage of all they can offer. By becoming financially savvy, you will be able to take control of your 401(k)/defined contribution plan and maximize your benefits. (credit:Getty Images)
Avoid the Pitfalls of Debt(04 of08)
Open Image ModalToday there are more ways to get into debt than ever before. Many of us start straight out of school with student loans, credit card debt and more. Financial education programs can teach you how to spot debt pitfalls and ways to get out from under any amount of debt. (credit:Getty Images)
Take Control of Your Retirement Security(05 of08)
Open Image ModalOver 40 percent of Americans are not saving for retirement, but it’s not too late. You can figure out the best way to save for retirement and create a plan to reach your goal. A good rule of thumb is to set aside 10 percent of your wages for retirement.Source: Federal Reserve, US Census Bureau, Internal Revenue Service (credit:Getty Images)
Build Peace of Mind (06 of08)
Open Image ModalHow would you feel if you didn’t have to worry about money issues or retirement? Financial security alleviates one of the most stressful issues in our lives and helps build confidence for the future. (credit:Getty Images)
Learn the Benefits of Long-Term Investing(07 of08)
Open Image ModalThe recipe for success is investing in solid companies and holding on to them for the long haul. Top investor Warren Buffet tells investors how taking a long-term view can benefit your portfolio with Coca-Cola: “If you had invested $40 in Coca-Cola stock in 1919 it would be worth over $10 million today.” So don’t try to play the market and run the risk of buying high and selling low. Make thoughtful choices and stay calm through short-term market upturns and downturns. (credit:Getty Images)
You Can Teach Your Children(08 of08)
Open Image ModalOne of the most important things you can teach your children is how to handle their finances wisely. Start them off on the right foot and make them smart savers! (credit:Getty Images)
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