Most people believe that you should have your life figured out by the time you hit 30. However, the truth is, there’s still quite a lot of life to go before it’s all over. With that said, there are a few mistakes you can avoid making to help you ensure you lead the best life possible. Here are 8 mistakes you should avoid when in your 30s.
Living Beyond Your Means
When you’re in your 30s, you need to know how important it is to have a budget. However, you also need to know how to stick to it religiously. Living beyond your means in your 30s can adversely affect your future finances, eventually leading you to make more sacrifices in your later years. Therefore, it’s beneficial to avoid spending on things that you really don’t need. 8 Reasons Why You Should Do A Lifestyle Audit On Yourself
Lacking an Emergency Fund
Don’t assume that you won’t unexpectedly have to settle costly medical bills or lose your job at one point or another because this happens to so many people all the time. Try to have a few months of living expenses saved up at all times so that you can handle that costly curveball life will throw at you out of the blue. The Importance Of An Emergency Fund
Not Saving For Retirement
You need to start having an idea about how much you think you’ll need for retirement. A classic blunder most 30 years old’s make is fooling around with retirement accounts or ignoring them altogether. When you’re in your 30s, you have a chance to take advantage of the benefits of compound interest. Make use of this while you can. Essential Retirement Moves To Make In Your 20s And 30s
Not Investing Enough
Try to invest as much as you can during this period. The general rule of thumb is to invest about 10% of your income every month, but doing a little more than this will help ensure a better future. Saving or investing, which way to go?
Drinking Heavily
It may have been funny and cute drinking yourself silly when in your 20s, but that becomes inappropriate when you’re in your 30s. If you are still drinking heavily in your 30s, you should consider getting professional help. It is not only more harmful to your health but also people may start viewing you like a drunk because of it. Your body will start to pay for that heavy drinking. All You Need To Know About Alcohol Poisoning
Living in the Past
Living in the past is when you’re not letting go of an enjoyable time in your life that’s long gone. This is something that can prove very detrimental to one’s future. So many people get caught up wondering what would’ve happened if they did things differently when they were younger. Instead, try and focus on the now and what you can do to have a better rest of your life. How To Let Go Of The Pain Of Your Past
Racking Up Debt
A good way of ruining your chances of becoming financially free is by racking up high-interest-rate debt, like that, from credit cards and such. Most credit cards charge an average of around 20% annually. Avoid getting used to carrying a lot of debt in your 30s. 7 Reasons Why You Need To Manage Your Money
Personal Finance: Practical Steps To Get Out Of Debt
Lack of a Plan
Another huge mistake many people in their 30s make is going through life without setting goals and having a plan. It would help if you had an idea of where you want to go, how you want to live, and who you want to be. Having set goals will ensure you do things that’ll help you achieve these goals. Even a GPS is useless if you don’t type in the destination. Vision 2022: How To Stick To Your Goals In The Coming Year
Most people are terrified of reaching 30, especially if they don’t have things figured out. However, don’t be too worried about getting to this stage of life. Being well prepared and avoiding common mistakes can ensure you lead the most enjoyable life possible.
Check out 7 Mistakes That Make New Habits Fail
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