Money Mistakes You Need to Avoid in Your 30s


As you enter your 30s, you have probably experienced the transition in life from a single, carefree college grad to getting serious about your future by “settling down” to start a family and paying your dues at work to get the next promotion. While you hopefully avoided financial pitfalls in your 20s there is another batch of money mistakes to dodge in your 30s!

Sound money management is not always easy when you want to start a family, grow in your career, and still enjoy the money you work so hard for. There will be choices you need to make that can affect the short term and long term viability of your money. While these aren’t comprehensive, here are money mistakes you need to avoid when you’re in your 30s.

  • 1. Not Saving for Emergencies

    The importance of having a rainy day fund cannot be overstated especially as you head into your 30s. During your 20s, you might have focused on maybe building credit or paying off your student loans or maintaining a social life. Do your best in your 30s to prepare yourself for life’s curve-balls. Make a plan to save at least $500 in a separate bank account which will only be used for emergencies.

  • 2. Not Saving for Retirement

    Studies claim that only a meager 58% of people in their 30s are saving enough for retirement. Even though most people in their 30s are more taken up with investing and looking to make money, saving for your retirement early is a good idea.

  • 3. Over-emphasizing Graduate School

    More and more young professionals continue to pursue a graduate degree when the advanced degree isn’t required. What many do not realize is their graduate degree might be focused on the wrong specialty for their long-term career aspirations. Or the degree only yields a small salary increase despite costing as much as $75,000.

  • 4. Not Discussing Finance with Your Partner

    Many couples get married without knowing enough about their finances and experts say money problems is one of the most common causes of marriage failures. Before you tie the knot, take the time to talk about money goals and spending habits with your loved ones.  Making financial goals together and managing joint finances can lead to more stability.

  • 5. Too Much Debt

    Many individuals in their 30s who may have experienced a divorce, bankruptcy, consumer proposal, layoff may be carrying too much debt.

If you are in such a position and would like to speak with a credit repair expert to determine what options are available to you, including getting a low-interest car loan and cash back of up to $7,000, visit or call 1-855-550-5565.

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