![]() Many people allow their lifestyles to inflate at the same rate as (or faster than) their paychecks. It can be tempting, particularly in your thirties, to take the salary bumps you’ve been working toward and spend to the ceiling. Every dollar you pay to someone else in interest payments equals several dollars you can’t invest or save toward your own goals. After all, there’s a reason it’s called a debt burden. But hear it again: pay down debt as soon as you can. With that in mind, here’s where to focus your efforts as you navigate these critical years. Personal finance experts agree that your overall financial health depends largely on how you approach the big three: paying off debt, building an emergency fund, and saving for retirement. The point is, where you “should be” financially in your 30s depends entirely on your own priorities and lifestyle.Īlthough there’s no one-size-fits-all savings plan, there are a few universal moves you can make that are destined to pay off. ![]() Maybe you want to leave a legacy gift to a charitable cause. Maybe you dream of early retirement, starting a business, or funding your child’s college education. ![]() Of course, your savings goals are as unique as you are. You might be buying a home, welcoming a baby, traveling with a partner, climbing the corporate ladder, or all of the above! It’s a great place to be: you’re young, but not just starting out, experienced, but not “over the hill.” And if you’re like most people your age, you’re thinking about the future and ready to make some real progress toward your financial goals. Welcome to your third decade on the planet.
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