I recently read this post on MoneyUnder30.com and it had a great summary of where you should be financially at the age of 30. Since I am 21, I am so glad I read it now, I feel like it gave me some realistic goals to set myself for the next 9 years!
1. Have NO debt besides a Mortgage and/or Student Loan. That means no auto loans, credit cards or other personal debt!
2. Have an Emergency Fund. An Emergency fund is money set aside(NOT IN A CREDIT CARD) that could last you for at least 3 months in case of a loss of job, family emergency etc.
3. Have a HEALTHY retirement account. Many people seem to be more concerned about the present and forget about retirement! If by the age of 30 you have a well established retirement account, whether it’s in a 401(k), IRA, or Pension, you should be set for a good financial future!
I don’t know about you, but I think this is too good of information to pass up! Whether your 18 or 29, It’s never too late to start eyeing on the future! How on track are you? Do you think you can meet these goals by the time you’re 30?
This is GREAT advice Becky! I’m on the uprise to 30 and I’m on a good path according to this info. Thanks!
I think me and my husband will be in a great financial status at 30. We both have great jobs, we almost have our cars paid off and we bought a house this year. We have no credit card debt and no student loans. Life can always change but for now things are looking good as we cost our way into our 30’s.
I hope I am retired and living on a private island!
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