Financial Checklist for People in their 30s

People in their 30s have been through a considerable experience in life but they still have more years ahead of them.  While there really is no standard age on financial stability, it helps to check how you are doing financially at this moment.  Take a look at this checklist for people in their 30s:

1. Contribute to your retirement.

Make sure that you contribute at least 10% of your monthly earnings to your retirement fund.  If you can pay more, then better.  Are you employed?  If yes, then take advantage of the opportunity that your employer will match your contributions to your 401k fund.  If not, be sure to apply for Roth IRA.

[RELATED ARTICLE:  How to Prepare for Retirement ]

If you’re counting on your pension or Social Security fund to get you through when you’re unable to work, you could be heading for an unpleasant surprise.  It is advisable that you start building your retirement fund as early as you can but if you’re already in your 30s, then you should definitely focus on this task.

2. Don’t pay unnecessary fees.

You can actually save a large sum of money by avoiding those extra fees that credit card issuers and creditors charge you for missing your due date, for exceeding your limit, and other violations.  Instead of paying penalty fees to your creditors, you can put it on your savings account or use it for building your personal emergency fund.

Do you check your credit card statements or receipts before payment?  If not, you could be paying for charges or debts that you did not owe.  You have the right to dispute errors and unauthorized charges so why pay a debt that isn’t yours.

3. Don’t get yourself in bad debt. 

Many people in their 30s are happy about their jobs, they own credit cards, and are enjoying a carefree life.  However, be careful that you do not fall in the trap of bad credit because of poor spending habits.

Although paying with a credit card is convenient, don’t forget about repayment.  Before charging anything to your credit, consider carefully if you can afford to pay it back on time.  If you’re in the middle of a loan or mortgage repayment, see to it that you won’t miss your monthly due dates.

4. Invest in yourself.

Let’s face it, you are not getting any younger and if you are still indecisive about what you want in life, it’s about time to give it some serious thought.  Where do you see yourself in five or ten years?  What are your goals? What specific steps do you plan to do to reach those goals?

[GOOD READ: Financial Decisions Which Can Make or Break You]

Don’t forget that your health is one of your most important assets.  If you don’t take care of your body today, you may not have much time left to do it.  See to it that you are eating healthy meals, getting a good rest, and a proper exercise.  If you will be sick because of your poor lifestyle, you will not be able to work hard to meet your goals.

30s financial checklist

Elizabeth Roberts

Elizabeth Roberts

Liz Roberts and her team are continuously providing information to people who are ready to repair their credit and improve their credit score. Also NewHorizon.org team strives to empower the homebased and small business owners by bringing information that can help them to manage and grow their businesses. Let our 24+ years of business finance experience help you to get the financing you need! CONTACT US if need financing for your business.

2 Comments
  1. Good checklist. I think a decade or two before retirement requires a slightly different focus from when you were in your 20s, 30s, and 40s. Now it’s time to aggressively eliminate debt from your life, if you haven’t already.

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NewHorizon.org is an independent, advertising supported website. The owner of the site may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. NewHorizon.org has not reviewed all available credit card offers in the marketplace.

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