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In Your 30’s? Avoid These Common Money Mistakes.

June 21, 2018 by OSYB Staff

Hopefully, in your 20’s you did most of the fun things that you enjoyed doing and that you created a strong financial foundation for yourself.  Now that you are in your 30’s, life is more stable,  you may have serious professional and personal relationships, and large purchases to make.  Sophia Bera, Gen Y Planning, shares common mistakes that 30 somethings make:

  1. Not saving aggressively enough
  2. Waiting to start an investment account
  3. Not talking to your significant other about finances
  4. Not having disability or life insurance
  5. Not taking the time to solidify career goals
  6. Not being mindful about taking on more student loan debt
  7. Not understanding and planning for the expenses of having children
  8. Jumping too fast or too much onto the “high-end lifestyle” train

In your 30’s, there can be huge shifts in your lifestyle and you could be making and spending a lot more money.  It is important to make mindful financial choices, you should consider bringing on a financial professional to help steer you in the right direction, so that you will have the resources you need to enjoy life now and when you retire.

For more details:  8 Money Mistakes to Avoid in Your 30s

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