Best Financial Commandments For Your 30s


BANGALORE: When you turn 30 it is said that you have reached a milestone. But by this age you need to start thinking about what you want to accomplish in the coming decade especially in terms of finances. People often make a lot of money mistakes while they are in their 20s, but, for the most part, those are rectified.

Hence do not fall behind financially like you did in your 20s. Thus try to make some financial goals for your 30s. Here are some things to consider as you move into the next phase of your life:

1. Have an Emergency Fund

The advantage of having an emergency fund is the amount of safety that it provides. Life is unpredictable and you should plan your financial investments well to keep your family secured in crisis like loss of job, medical emergency etc.

You can only survive these situations if you have enough funds saved. As emergency funds cannot be built in a day, you need to plan for it to save a specific amount each month. May be saving is the first step towards this.