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Financial Mistakes to Avoid in Your 30s



Financial Mistakes to Avoid in Your 30s

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Some people say life starts at 30, while some say that it starts at 40. No matter what it is, you need to know how to properly handle your finances.

If you’ve been spending money here and there during your 20s, it’s not too late to change your ways and make adjustments before you reach your 30s. Basically, when you get to 30, you will realize a lot of things, especially with your finances because you are starting to grow older.

You’ve probably applied for a lot of cash advance services online during your 20s and it is possible that you are still paying them off until now. You’ve already made a lot of wrong choices during your 20s so it is time to fix all of them and start thinking about your future.

We listed down some of the financial mistakes that you need to avoid once you turn 30 years old.

Too Much Reliance on Credit Cards

Credit cards are very convenient to use since you don’t have to bring cash with you whenever you go shopping. You just need to swipe your credit cards and you can pay for whatever you want to buy.

But, this is exactly why relying on credit cards can mess up your finances big time. In exchange for convenience, you have to suffer the high-interest rates.

If you haven’t noticed yet, you are capable of using your credit cards to buy items that are too expensive. It means that your credit cards can help you buy things that you are not capable of buying. It may seem like a great idea at first, but if you look closely, you are losing out big time.

When you get to your 30s, learn to save money instead of relying on your credit cards. You should only use your credit cards if it is necessary.

Relying on Loans During Emergencies

If you haven’t learned your lesson yet, it is not a good idea to rely on loans during emergencies. It is not a bad thing to borrow money from time to time, but using loans as an excuse for not saving money is not a good idea.

Loans have interest rates and you can avoid paying too much if you can just save money for emergencies. Loans can be a great way to deal with financial emergencies, but you should not rely on them too much and find other ways to deal with your financial problems.

Delaying your Retirement Fund

You are not in your 20s anymore where you can spend your money however you want. Once you get to your 30s, you need to think about your future and you have to think about your retirement.

If you don’t think about your retirement fund because there is no extra money left from your budget, you will end up with zero balance once you get to your 40s or 50s.

Start putting money into your retirement fund as soon as possible. You don’t have to save a lot of money right away. You can just put a small amount every month and in a few years, you will realize that you’ve already saved a lot of money.

Buying Unnecessary Things for your Children

Some people are already married before the age of 30 and this particular mistake is definitely for them. It’s great that you love your children and you want them to have the things that you didn’t have when you are still young, but overindulging them is not a good idea.

You can buy them toys and other things from time to time, but doing it on a consistent basis is not a good idea for your finances. The money that you are using for unnecessary things can be put to good use. You can put it in your emergency funds or you can save it for your retirement.

Not Tracking Your Spending

This is one of the most common financial mistakes of people. This is a problem not only for people who are in their 30s but for everyone who is currently working or doing business.

If you are not tracking your spending, you will be shocked by the amount of money that you are spending every month. You won’t even notice that you are already spending too much, especially if you just bring out your money every time you want to buy something.

Tracking your spending allows you to control your finances effectively. If you are sticking to a monthly budget, you would easily know if you already spent too much or you still have spare money for other things.


All these financial mistakes can be prevented as long as you know what you need to do. If you are already aware of the mistakes that you’ve made before, you should find a way to correct them and handle your finances wisely.

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