A lot of Millennials hoped this day would never come when they will turn 30! However, it’s just around the corner, right. Even though some don’t realize, but the time between the 20s and 30s is probably the most adventurous thing you will experience in your entire life.
In this case, many people focus on education and career and eventually fail to create memories that will someday make them proud of the things they managed to accomplish. For example, maybe your goal is to find a job that deals with New York Search Engine Optimization or clear your student debt, whatever the case is, here are a couple of financial goals you should pay attention to.
Find the right people
When you come to a certain age, the idea of partying all night long kind of gets bored, and all you want to do is to stay at home, relaxing or going to bed early. Additionally, you may want to remove toxic people from your life.
You may not realize now, but there are a ton of people out there, and you aren’t forced to spend your time with low-key ones like you were in high school or college. You can find friends and mentors that are great about personal finances and what to talk about money, instead of keeping it taboo.
Handle your student loan
You’ll notice we used the word “handle” instead of “pay off.” After discussing this matter with hundreds of young people, we discovered they do have various types of debt, and paying them off before 30 might not be an option, or too realistic.
An average student has approximately $142,000 of student loans, and if you add occasional medical expenses, credit card bills, this amount can significantly grow. Therefore, it’s crucial to evaluate your financial situation, make a plan, and start paying off your student loan.
Create a budget
At this point, there isn’t a reason why you shouldn’t have a budget. These days, there plenty of free tools and apps which can help you manage your finances. When you have a mini supercomputer in your pocket, you don’t get to use that excuse, “I don’t have time.”
If you aren’t tracking the money coming and going of your account, you might be in big trouble. You need to know how much money you are spending while trying to save some for rainy days.
While some people think it’s too early to think about retirement, believe us, there is no better time than now. However, it doesn’t matter if you want to retire early or go for a more traditional retirement path. It’s important to do it with dignity while enjoying all the benefits you really worked hard to achieve.
Have a side job
Imagine you had an extra $2,000 every month. You could pay off your debt sooner, or have that money loaded onto your emergency saving account, or even use the cash, to avoid dealing with credit card payments.