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Biggest investing and saving blunders 30-somethings make

Even if there are a lot of different things that can be done with money, making the right move at the wrong time is still considered to be the wrong move. In this article, I will break down the most important aspects of financial management that you should be concentrating on while you are in your thirties.

Strengthen your ability to save money.

During this decade of your life, learning how to save money effectively will be more important than ever before. If you’re like the majority of people, while you were in your 20s, you probably weren’t earning enough money or you weren’t focused enough to put away a significant amount of it.

That needs to alter once you hit your 30s.

You should be reaching a point in your work where you are generating a respectable salary, yet it’s so easy to wind up earning more without any additional savings to show for it. You should be hitting a point in your profession where you are earning a solid income. Avoid having this occur to you at all costs.

Spend some time listing the money that is coming in as well as the money that is going out, and check to see if you are satisfied with the amount of money that is left over. This will require you to engage in some in-depth analysis of the types of spending that are of the utmost importance to you and those that can be de-prioritized so that you can accumulate more savings.

After you’ve settled on a savings strategy that you’re content with, the next step is to construct your savings system. Having many bank accounts for your various money pots allows you to automate your success at saving and gets you out of the way of the process, which is one of the main reasons why I am such a huge advocate of this strategy.

There are two more significant advantages to having a healthy savings habit while you are in your 30s.

To begin, you won’t have to guess how much money you have available to invest, which is a significant factor that contributes significantly to the quality of your investing decisions. And secondly, if you start developing the habit of saving money when you’re in your 30s, it will serve you well in your 40s and beyond.

Establish a solid basis for your financial investments.

The biggest benefit you get from any investment you make is in the final year that you own it, which implies that the earlier you start, the more you’ll have at the end of the process.

However, the majority of people put off beginning their investment strategy due to the worry that they would make a mistake.

You’ll set yourself up for substantial success in the years to come if you seize the opportunity you have in your 30s to develop a solid foundation of investments. If you do this, you’ll have the opportunity to do so.

Learn about the various dangers that are associated with investing so that you can get over your anxiety of making a mistake. You won’t be able to take all of the chances, and that’s absolutely fine. However, in the case of others, as soon as you have an understanding of how risk may be managed and reduced, you will feel confident enough to get started.


I’ve talked to a number of folks about their financial situations, and they’ve ranged from being in an excellent position to being in one that’s not so great. It is possible that this information will come as a shock to you, but the fact that a person’s level of wealth does not determine whether or not they are successful is not the single most important element.

People who put themselves in a position to respond more quickly are the ones who have the most financial success since this allows them to capitalise on opportunities more quickly.

And because real estate is one of the most important factors in determining a person’s wealth, I’ll go one step further and say that the most successful people are the ones that get into the real estate market as soon as they can – with one important exception that I’ll explain in more detail now.

I completely realise that over the past couple of decades, the price of real estate in Australia has skyrocketed, and a lot of younger people have the impression that they are priced out of the market for real estate. And while this may be the case in some locations, the majority of people in their 30s are perfectly capable of buying a home; it’s typically more of a question of which levers they need to pull to get there.

Purchasing the home of your dreams is something that is tremendously alluring, but for the majority of individuals in their 30s, this goal is relatively unattainable. When you spend a lot of money on your own home, you may find that your cash flow is severely impaired as a result of the huge mortgage payments. As a result, you may not have much money left over to invest in meaningful wealth creation activities outside of your home.

Buying a home to live in is far more expensive than buying a property to use as an investment because of the difference in pricing. It also makes it possible for you to buy a house in a place that you don’t want to live in, which enables you to purchase a home at a price that is suitable for your current level of financial stability.

It is imperative that you pick a solid investment property whenever you buy real estate, but this is especially true for your first purchase.

When it comes to real estate, there are a lot of various strategies that can lead to success, but in my opinion, the best strategy is to invest in real estate in an area where there is a high demand but a limited supply. In order to reduce the danger to your cash flow, you should steer clear of large apartment buildings with multiple floors and find a location that has a low vacancy rate.

If you start off on the right foot with real estate when you’re in your 30s, the succeeding decades will be considerably simpler for you.


Your savings for retirement shouldn’t require a lot of work or attention when you’re in your 30s, but even a little bit of effort and focus will go a long way toward helping you achieve your goals. At this point, you ought to have your retirement plans integrated, and the majority of your retirement funds ought to be placed in investments of a high quality.

You will want to make sure that your retirement fund offers a fair return on your investment. Although selecting the option with the lowest fees isn’t always the greatest choice, you also don’t want to pay more than is necessary.

Starting to make modest additional payments to your retirement fund through salary sacrifice when you’re in your 30s is a smart move because it can significantly quicken the rate at which your superannuation accumulates.

The money will be deducted from your income before taxes, which means you will feel the effects of your contributions less. Furthermore, if you increase your contributions whenever you get a pay raise, you can do so in such a manner that your take-home pay will never go in the other direction.

In conclusion

Because the decisions you make with your money when you’re in your 30s will determine the opportunities available to you in the years to come, it’s important to make astute choices throughout this time period. Set aside some time to concentrate on your financial situation and take action in order to avoid the need to play catch-up at a later time.

Check in on your accomplishments and rejoice in them as you make progress; all too often, we just concentrate on what we haven’t accomplished or what’s coming up next. You may keep yourself motivated to put in the work by highlighting your successes and measuring them backwards.

Take the time to educate yourself from your mistakes, since they are an inevitable part of the process (and unavoidable). The fact that you are gaining knowledge and are aware of what you should avoid doing in the future is the most important thing.

About the author

Akanksha Jain

Akanksha Jain love to learn new stuff every day. With a background in computer science and a passion for writing, she loves writing for Startup, Business sections of Editorials99.

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