Financial moves to make in your 30s

Invest it yourself

If your 20s are all about having fun, your 30s are about settling down and becaming more stable. Invest in increasing your value and making yourself more marketable,by going back to college and studying.

Research has shown that workers with a graduate earn up to 35000 more than those with just a bachelor’s. This is the time to specialize. If you don’t know which area you want to focus by now, you never will.

Emergency fund 

It’s human nature to seek immediate satisfaction and while you can get away with spending as you earn in your 20s.

To take a Marie approach. Take a look on your spending and make some small cutbacks on luxuries.

Prepare for the rest of your life

The habits you establish is your 30s stick with you for life, so make sure they are right ones. As they say, first you make your habits, then they make you. Kids are a big game changer- it’s not just about having another mouth to feed. Think of the cost of school,holidays,toys etc.

Budgeting doesn’t have to be complicated. It’s more about be disciplined in sticking to your plan, than keeping track of every penny.

The biggest risk 

Forget about insuring your cat,house or any of other most prized possessions. The biggest thing you have to lose is your potential to learn money. To render you unable to work is the risk. The consequences for f such disaster would be far worse if you are not insured.

For the shake of your family, if nothing else, spend a few minutes getting a disability  and life insurance quote. It’s probably cheaper that you think.

Debt

In your 20s, you can get away with pleading ignorance when 

It comes to racking up debts. In your 30s, there is exercise.

Now is the time to clean up after the mistakes you made in your 20s.

Debt isn’t always bad;borrowing to buy a house,for example, is a good idea. However, borrowing money for a flashy new car is not. As a general rule, only debt which adds value. Is worth taking on.