age & money: financial goals for people in their 30s

8
FINANCIAL GOALS FOR PEOPLE IN THEIR 30S

Upload: kewho-min-cpa

Post on 16-Apr-2017

24 views

Category:

Economy & Finance


0 download

TRANSCRIPT

F I N A N C I A LG O A L S   F O RP E O P L E   I NT H E I R   3 0 S

Reevaluate Your

Career

Unless you’re at your dream job,

shop around a bit and look for a

better job. Raise your career

aspirations to achieve a higher

level or pay and feel more

fulfilled.

P L A N   F O RK I D S

This planning includes your personal finances; how you’ll be

able to afford all the supplies you’ll need for a child, and also

for their futures. Your child may not decide to go to college, but

it’s smart to start a 529 plan for them, which has tax-free

interest and can be transferred to another child or cashed out.

Find GoodInsurance

Now is a good time to evaluate whether or not youshould be on your spouse’s insurance or see if you canfind another option that’s more affordable or provides

better coverage. It’s also important to evaluate your car,home, and life insurance to see if you can get a betterdeal than you already have and save more money.

P A Y   O F FS C H O O LL O A N S

You can make higher payments and shorten the amount of time

it’ll take to pay off these debts. At the same time, you can work

on paying off other debts, especially if you’re planning on

purchasing a home and taking out a mortgage. Get your school

loans out of the way, and then focus on tackling other debt.

Increase your emergency fund to a level

that would sustain not working for a while,

in case you’d lose your job, decide to switch

careers, or take time off to spend with your

child.

Increase Emergency Fund

Look Into Investing

It’s important to approach this

carefully and make sure that you

know what you’re doing. You

might want to hire a financial

adviser or do extensive research

on your own to see what the best

options are. By investing, you

have an opportunity to increase

your assets in a fairly

straightforward way.

F O L L O WK E W H O   M I Nwww.kewhomin.org

@kewho_min

F I N A N C I A LG O A L S   F O RP E O P L E   I NT H E I R   3 0 S