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Financial tips for having a good life in your 30s

Financial tips for having a good life in your 30s

Dec 7, 2017

Age 30 years is a phase of a person has grown. In addition to already have income and own life, you are well established to marry. For you who have not married, there are some tips and tricks you can do to prepare for more complex things. Of course, you should start thinking about what your life will be like when you reach 30 years of age. Aside from that, you can also check out the Chad Arrington website for more business and financial tips.

Here are the tips that you can follow:

1. Make spending priorities.

This is the first and hardest thing you should do first. Are you aware, how much money have you spent on unimportant purposes?

Maybe it’s time to start reflecting on the lifestyle you’re living. Then make a shopping list of your spending priorities as needed.

Calculate your every need and adjust your income. Never buy goods solely simply personal desires that you do not necessarily need.

2. Begin to set the next career path.

As you age 30, you will begin to face major changes. You will get married and have offspring that require the considerable cost.

You must understand how much you can develop in your current job. Whether there will be a promising career ladder or not.

Although there is none, you should be able to improve the quality of yourself. For example by continuing to increase the skills needed for career advancement.

3. Prepare emergency funds well.

These funds will be invaluable when things happen unexpectedly. Everyone must have different emergency funds.

The amount of the amount depends on the amount of one’s monthly expenses and our financial condition. Ideally, the emergency fund is divided into three kinds, namely:

3 times the monthly expenses for a single person.

6 times monthly expenses for young couples (no children).

12 times monthly expenses for families who already have children.

As long as you are determined, you will be able to have an emergency fund even if you have to install installments gradually.