PolicyTray

Insurance Blog

Financial goals for your 30's



If 20s are the best time to build a strong financial foundation, then your 30s is the best time to start making your wealth grow.

1.       Getting Rid of debt

This means your student loan, your credit card bills, your car loans and any other debt. The idea behind this is to get rid of those high interests and setting yourself on an interest-free life. It not only makes saving much, much easier, but also makes you feel so much lighter!

2.       Investing Wisely

At your 30s, your portfolio must look promising. Learn more and read extensively about investments, and make sure that you consult the guidance of a financial advisor or any other investment professional.

Remember, investments are the best ways to increase your savings.

Read also: Get motivated to save

3.       Saving For a Home

This is the key step to get up the property ladder, and your 30s is the best time to start thinking in this direction. Saving for a home takes a lot of time.

Make sure you carefully plan this budget so that you end up feeling satisfied.

4.       Career and Retirement Based Decisions

Solidify your career goals. Plan your retirement and work towards saving for the said plan. You might have plans to advance your career so that you can get earn those extra bucks, and attain self-actualisation – but having a strategy will help your stay motivated.

Your financial goals in 20s are a great way to get started on being money-wise, but your 30s is the times to grow.

One important note to remember is that the financial decisions that you make in your 30s might haunt you in your 50s.

Keep that in mind as your sketch and implement your wealth strategy for your 30s!

Read also: Five money habits you need to master

WRITTEN BY: BALAKARTHIGA.M



Loading