As people approach their 30s, they start to think about what goals they have achieved in work, school and of course financially. For example, these are the financial goals you should have achieved before this age.

What are 7 financial goals to achieve before you turn 30?

For many people, turning 30 means independence or stability on a monetary level. Some of the goals include the following:

1. Having economic freedom

In this age, one of the common goals is to achieve economic freedom. That is, to achieve a certain independence in making expenditures or not to have many restrictions. Moreover, it is necessary to have a stable source of income or even several.

This does not mean that you will not face various money problems from time to time. It can happen to anyone that they have setbacks at some point. However, the point is to have a financial income that allows you to live and not be dependent on other people.

2. Pension or savings 

You also need to start saving in case you have to leave your job or when you need to retire. You need to start putting aside a percentage of what you earn to use as a pension. 

Many people think that it’s too early to worry about what will happen many years from now. But this retirement project is necessary for a stable future. You should outline how much money you will allocate to it, where you will put it, what the goal is and what time frame you will achieve it in.

3. Stability of banking activities.

It is nothing but an opportunity to achieve a good credit history. Sometimes this goal is difficult due to various situations that arise in one’s 20s. However, it is always better to have stability in banking.

How to get it? You should have a good reputation with the banks, paying on time. This gives you various advantages when you want to take a loan from the banking institutions. This way you can buy a house or your own car.

4. Pay your debts in full

It is also important to pay off the full amount of various debts that you have. For example, this is most often the situation of students. Although not everyone does this, many opt for education loans.

After completing your studies, you will have to pay off this debt as soon as possible. Because of this, you can make other plans.

5. No credit card debt.

Another financial goal to achieve is to have a credit card. It is good to have one and ideal if you have no credit card debt.

6. Have savings for emergencies.

Financial hardship is something that can happen to anyone as it is normal. Hence, at the age of 30, you need to have savings to deal with such situations. This money that you save in advance can be very helpful.

Often, this money is helpful if you or a family member falls ill, has an accident, or the economy is in crisis. Allocate a certain amount of money from your income and set aside for such occasions. Ideally, do not spend it on other things.

7. Have insurance.

While often no one thinks about insurance during these years, you should get it. The most common is life insurance. This approach gives you some financial peace of mind.