Top Financial Tips You Should Know before You’re 30
30 is that age when you really are an adult. Your 20’s are the times you are most likely going to have a little more fun and still be a bit immature. 30 is when all of the responsibilities hit and you start establishing yourself and your family for the future. It’s never too early to prepare financially for what is coming ahead!
Build an Emergency Fund
You should have already started your emergency fund by age 30 and now is your time to grow and maximize it as much as you can. Your emergency fund should be big enough to cover your current lifestyle because we all know emergencies happen unexpectedly and can be very expensive.
Use Coupon Apps
We are lucky enough to be living in the digital world where everything is available to us at the tips of our fingers. One of these establishments is coupon apps or otherwise known as cash back apps, where you can shop online and receive money back and a percentage off merchandise through their app. This is a great way to save a little bit of money by doing what you love… shopping!
Focus on Paying off Your Debt
Student loans put a strain on everyone’s financial goals. Car loans, house loans and all other kinds of loans are things we can’t avoid once we have them but you can make it a priority to pay them off so you can start focusing your money elsewhere. It’s never too early to make paying off your debt more of a priority.
Stop Impulse Buying
A good way to save up your money is by only spending it on the things that matter. Before you make a purchase, ask yourself “do I need this” and “do I already have something similar” to remind yourself of what you really need and what you don’t!
Create a Will
Especially after establishing a family, making a will, or at least drafting one, will make a clear disposition of your assets for your family. If you have children, this will provide for their guardianship and that couldn’t be more important!
Seek Financial Advice if you are struggling!
It is okay to ask for help. If you feel like you do not have a good grasp on your financial responsibilities, a financial advisor is a great tool to get your feet back under you and feel more comfortable about your money.