Financial Planning in Your 30s: 3 Goal Ideas for 30-Somethings

30 can be a divisive number. Some see it as the time you’re thrown into full-blown adulthood, whether you’re ready or not. Others consider 30 the early years before your true confidence shines; in your career, relationships, or even in yourself. Either way, your thirties are a great age filled with opportunity.

The same could be said about your financial planning. Many financial professionals feel this age is a great time to start tackling some larger financial goals, including:

Retirement Goals

Yes, we’re talking about retirement planning again. As you’re looking at careers, try to carefully research the benefits a company may or may not be offering before choosing to work with them. Someone working for a company with no company matching or retirement contribution may be farther behind on their retirement savings than someone at a company with robust benefits. And if you aren’t taking advantage of your company’s matching or contribution benefits, it’s time to start! Saving now could greatly benefit you down the road.

Emergency Fund

Even if money is tight, it’s important to consider starting an emergency fund. You never know when something may happen, so it’s better to be prepared. Start with small, manageable contributions, and aim to increase over time as you’re able.

Major Purchases

Your thirties are an amazing time to start working towards major long-term financial goals. Consider speaking to a financial professional that can help you develop a plan to pursue your goals and keep you motivated to stay on track. There may be some short-term sacrifices, but they may pay off in the long run when you’re in your new family home or lying on the beach on your next family vacation.

This material has been prepared by a third party that is unaffiliated with Townsend Asset Management Corp. and  is provided for informational purposes only. Townsend considers this third-party source and information to be reliable, but its accuracy and completeness cannot be guaranteed.  It may not represent the views of Townsend or its affiliates. It should not be considered a recommendation to purchase or sell any particular security. Past performance should not be relied on as an indicator of future results. All investing assumes a certain degree of risk, including loss of principal. Townsend has obtained permission to distribute this material. Townsend Asset Management Corp. is an independent investment adviser registered under the Investment Advisers Act of 1940, as amended. Registration does not imply a certain level of skill or training. More information about the firm can be found in its Form   ADV Part 2, which is available upon request. TAM-22-69