8 personal finance goals to meet before 30
Turning 30 is a huge milestone in your life. By this time, you've practically got life figured out and you're slowly coming into your own. With age comes great responsibilities, and at the top of your list should be getting your finances in order. Our finances play a significant role in our lives, and once everything with money is A-OK, we can live freely without stress. To help get you on track, here's what you should have achieved by age 30.
1. Have an emergency fund in tact
Experts suggest having at least 6 months worth of living expenses stored away. However, more is always better, so if your'e able to stash up to a year's worth, then go right ahead.
2. Better money management
Know how to live within your means, but still fully enjoy your life. Prioritize what's worth spending, and save within other areas so that you can enjoy your guilty pleasures without worrying about going broke.
3.Customize your 401k
You should be maxing out, or at the very least, meeting your employers match for your 401k retirement plan.
4. Look into an IRA
You should be investing in a Roth IRA.
5. Eliminate all debt
You should be paying off and prioritizing high interest debt.
7. Increase Credit Score
During your 20's you should be working on raising your credit score.
8. Prepare a will
Everyone needs a will. The primary purpose of a will is to ensure that your assets are distributed to whomever you choose, in the amount and manner that you choose.
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