There are many different landmark moments that we reach at various stages in life and these imaginary but important life events like buying your first home, are the points where we tend to measure how far we have come and what the next target is.
By the time you have reached your thirties you will normally be a bit more financially street-wise and along with some better money habits, you probably have some financial goals on your agenda.
Here’s a look at where your financial life should be in your thirties and where it probably should be heading. Including a look back at past habits and why it’s time to demonstrate your financial maturity, plus some tips on the sort of goals that you need to be setting while you still have a three at front of your birthday number.
A better version of you
The majority of us have some sort of financial tale of woe to tell that stemmed from not giving our finances enough respect in your twenties and subsequently regretting making a few wrong turns with our money in those early adult years.
By the time you blow out the candles on your 30th birthday cake, you should be ready to leave those twenty-something habits in the past and set some proper grown-up goals for your future prosperity.
Building up a head of steam
By the time you are in our thirties you will normally be confident and astute enough to find out how to evaluate your best loan and general credit options, and you also have a fair idea of the sort of career path you want to follow.
In general terms, your thirties are a period in your life where you should be looking to leverage your skills to the best possible advantage and create some income streams that should be good to go for many years to come.
Although it’s often the case that you don’t reach your peak earning potential until you are in your forties and fifties, you can definitely view your thirties as a pivotal point in your life where you should be looking to build the momentum that is going to see you maximize your income over the next twenty years.
Get aggressive with your debts
It is normal for the average thirty-something to be carrying some personal debt in the form of student loans, credit cards, and other borrowing, but this is a point where your increasing income levels should give you more options to tackle your debt levels aggressively.
Set a target for reducing your debts and remember that your thirties is a time of life where you need to have more than a cursory eye on the future and retirement plans.
Lay the foundation stone for your financial future by targeting your thirties as a decade where you clear your debt burden and consolidate where you can so that you are ready to take advantage of your increased earning potential now that you are a proper grown-up.