Whether you’re just starting out in your career or you’re just a few years from retirement, you could likely use some practical suggestions for saving even more of your money and living the life you want. There are a few financial habits that you may want to incorporate into your lifestyle to ensure that your money works for you both in the present and in the years to come.

Get Serious About Debt Elimination

The sooner you get out of debt, the sooner you can achieve financial goals like purchasing a new car, buying a house or getting approved for certain lines of credit.

The task of paying down debt can be pretty difficult in your 20s, since you may be working an entry-level job and have just enough to pay the bills that are due right now. However, once you’ve settled into your career field, it will be easier for you to put aside money to handle your living expenses and your debt.

If you’re dealing with debt from student loans, or have a car loan you’re currently paying on, it may be helpful to pay as much you can on these bills so you can get the balance down as soon as possible. Each month you pay on these debts, you’re accruing interest, which is money that you could be using to pay other debts or financial obligations.

Revise Your Budget As Needed

Review your budget every month or so to make sure it’s in line with your financial priorities. You may have to adjust your budget so you can take care of urgent matters first and still have money left over for obligations that don’t have to be taken care of right away.

It’s also important to incorporate new life changes into your budget, such as getting married, having a baby or moving to new home. Keep in mind that you may have to cut down on some of the things you used to do, like go out for drinks with friends on the weekends, in order to free up that money for financial matters that are more important.

Focus On You Savings

When you’re younger, your goal should be to build an emergency fund so that you can take care of short-term goals. As you age, your savings goals should assist you in accomplishing milestones in life like building a college fund for your children or becoming a homeowner. The more you save, the more you’ll need to have a specific game plan for how you’re going to spend the money. If you can’t save as much as you would like initially, try to cut back in certain areas, or find a new stream of income to help you reach your savings goals.

Get Insurance Coverage

Finally, you’ll need to have a solid insurance policy, especially as you acquire assets. As you get older, you may also have more people who are depending on you financially, such as your children, your spouse or your aging parents. You need to have enough coverage for yourself and your loved ones in the event of your passing or inability to work.

Your insurance policies should include life, auto, health and home. It’s also a good idea to ask your employer about disability insurance, which will cover expenses if you are injured at the workplace.