While it’s never fun to stress out about finances, it is smart to come up with a financial plan and some goals that you can work for. Focus on the bigger picture and make plans with attainable results. Here are some financial goals you can set to accomplish before your thirties.
Depending on who you talk to, they’ll say to save anywhere from 6 months to a year worth of emergency savings. This will make it a little bit easier if someone gets laid off or you find income to be a little tight. You won’t have to worry about providing for your family if you can have this amount saved up and stored away.
It’s always good to put a little bit away every month for big expenditures in the future. That could be saving up for school, a house, a car, etc. Just do your best to get a fund started for expensive things in the future.
Raise Credit Score
While this isn’t something that you can do all at once, raising your credit score is pretty easy if you’re consistent. Not only that, but a great credit score will also make it easier to get loans and pay back debts when necessary.
Prepare a Will
Although none of us like thinking about death and making plans for it, we don’t want to leave our loved ones with the stress of having to figure finances out if we pass away. By the time you’re thirty, you should have a will prepared so that those who depend on you can have peace of mind if the worst happens.
Pay off Debts
Don’t just let debts sit on your shoulders for the rest of your life. Start now to actively make plans to pay them off. Start with the smallest and most aggressive debts first and work your way from there.