The Top 14 Money Mistakes to Avoid in Your 30s
kw: money mistakes in your 30s
Meta: If you want to save for retirement and stay out of debt, avoid these money mistakes in your 30s.
During your 30s, you will finally start to pay off your student loans, buy a house and develop a good career. With each raise, your potential for making money mistakes in your 30s rises. Lifestyle inflation can eat into your extra earnings if you are not careful. Whether you want to save for a house or prepare for retirement, make sure to avoid these money mistakes in your 30s.
The 14 Most Common Money Mistakes in Your 30s
Plenty of people have lived through their 30s to tell the tale of money mistakes and financial missteps. By learning from their errors, …show more content…
If getting a graduate degree will boost your income, do it. If you are returning to school for the wrong reasons, be extremely cautious. Sometimes, people return to school after losing a job or being unable to find a job with their bachelor's. You need to make sure that your career prospects will actually improve with a graduate degree. In addition, you need to consider the opportunity cost. If you are in school, you will probably need to work less or stop working completely. This loses you money and time, so you need to make sure that your new career prospects will actually be worth …show more content…
You Try to Keep Up With the Joneses
Now that you have passed at least one high school reunion, you may be starting to notice your peers driving fancy cars or living in luxury homes. You need to have the willpower to avoid copying their mistakes. Their fancy home has a yearly property tax and maintenance fees as well as a sky-high mortgage. Their beautiful car is just as bad because it carries a high cost and loses value with each year that passes.
It is easy to think that a nice car, new clothes or a better house will show that you made it. You have to avoid keeping up with the Joneses or it will hurt your financial future. In another 30 years, your peers will be struggling to retire after spending so much money on frivolous things in their life. In 30 years, your smart decisions will mean that you are laughing your way to the bank . . . and Aruba.
13. You Forget to Rethink Your Retirement Goals
At this stage in your life, you are probably getting raises and starting to build a nest egg in your retirement account. While your lifestyle changes in your 30s, you need to make sure that you are still prepared for retirement. If you started saving for retirement in your 20s, it is time to rethink your retirement goals. If you have had a raise, use that raise to adjust your savings and increase the amount you sock away each
kw: money mistakes in your 30s
Meta: If you want to save for retirement and stay out of debt, avoid these money mistakes in your 30s.
During your 30s, you will finally start to pay off your student loans, buy a house and develop a good career. With each raise, your potential for making money mistakes in your 30s rises. Lifestyle inflation can eat into your extra earnings if you are not careful. Whether you want to save for a house or prepare for retirement, make sure to avoid these money mistakes in your 30s.
The 14 Most Common Money Mistakes in Your 30s
Plenty of people have lived through their 30s to tell the tale of money mistakes and financial missteps. By learning from their errors, …show more content…
If getting a graduate degree will boost your income, do it. If you are returning to school for the wrong reasons, be extremely cautious. Sometimes, people return to school after losing a job or being unable to find a job with their bachelor's. You need to make sure that your career prospects will actually improve with a graduate degree. In addition, you need to consider the opportunity cost. If you are in school, you will probably need to work less or stop working completely. This loses you money and time, so you need to make sure that your new career prospects will actually be worth …show more content…
You Try to Keep Up With the Joneses
Now that you have passed at least one high school reunion, you may be starting to notice your peers driving fancy cars or living in luxury homes. You need to have the willpower to avoid copying their mistakes. Their fancy home has a yearly property tax and maintenance fees as well as a sky-high mortgage. Their beautiful car is just as bad because it carries a high cost and loses value with each year that passes.
It is easy to think that a nice car, new clothes or a better house will show that you made it. You have to avoid keeping up with the Joneses or it will hurt your financial future. In another 30 years, your peers will be struggling to retire after spending so much money on frivolous things in their life. In 30 years, your smart decisions will mean that you are laughing your way to the bank . . . and Aruba.
13. You Forget to Rethink Your Retirement Goals
At this stage in your life, you are probably getting raises and starting to build a nest egg in your retirement account. While your lifestyle changes in your 30s, you need to make sure that you are still prepared for retirement. If you started saving for retirement in your 20s, it is time to rethink your retirement goals. If you have had a raise, use that raise to adjust your savings and increase the amount you sock away each