9 Easy Money Moves You Can Make in 10 Minutes or Less


7. Enroll in a 401(k) or IRA.

Saving as much as you can for your golden years is one of the smartest money decisions you can make. And the earlier you start building up that nest egg, the better your chances are of having a secure retirement.

How to do it: Simply request or download a 401(k) contribution form from your employer, or log in to a discount brokerage’s website to get information about opening an IRA.

Time it takes: 5 to 10 minutes.

RELATED: Roth IRAs: Everything You Need to Know

8. Digitize documents.

Even if you have your most important financial documents well organized and in one place, you still don’t want to be left scrambling should the unforeseen happen—in the form of a fire, flood or storm that could damage that stash of paperwork.

How to do it: Consider scanning important financial documents—wills, mortgage or real estate deeds, insurance policies and last year’s tax returns—and store them on a hard drive or in a secure cloud service online.

If you separate your savings into different accounts, you can instantly assess if you’re closer to your goal of financing a down payment for a house, paying for a wedding, or affording that dream vacation.

Don’t have a scanner? Apps like Genius Scan or Scanner Pro allow you to photograph documents on your smartphone and convert the images into PDFs. And premium LearnVest subscribers have access to the Doc Vault, where you can securely store key documents in one convenient place online.

Time it takes: 10 minutes.

9. Identify savings goals.

Saving money can be difficult on the best of days—especially if you can’t see that you’re making any progress. But if you separate your savings into different accounts or buckets, you should be able to instantly assess if you’re closer to your goal of financing a down payment for a house, paying for a wedding, or affording that dream vacation.

How to do it: You can create dedicated savings accounts for each of your goals, which can often be done online with your bank. Or you can consider opening a separate account with a free online bank that allows you to set up an automatic transfer from your checking account to stash money away for specific goals.

Time it takes: 5 to 10 minutes.

RELATED: 5 Money Mistakes Even Good Savers May Make

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. 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.

  • pamb

    I recently went back to work, and realized that I really don’t have time to work out, so I suspended my gym membership. If I want to reactivate, I just have to pay a fee (under $30)) My husband still belongs (he works out on the weekends, when I work) so I can still go for free once a month.

    I’ve stopped subscribing to magazines, I get them for free by doing surveys on E Rewards.com. I also trade magazines with a neighbor. I join any store/restaurant rewards program that is free; I just received a $10 gift card from my local mall for joining their ‘club’. I deal with a bit more spam, but just delete it.