BANGALORE:  Though many people tend to spend freely and oftentimes get into debt in their 20's, you should aim for some money milestones by the age of 30 in order to secure your financial future.

By the time you hit 30 years, you should definitely have a few money milestones in sight. Setting and attaining goals with financial planning at a young age will put you ahead and allow you more long-term financial security. Here are some money milestones to aim for with financial planning so that you go into your third decade with confidence.

1. Decide on your goals

Decide what you want and where you want to be in the future. Think about short-term goals, such as going to grad school, buying a new car or planning a wedding. Then look at medium-term goals, such as buying a house, starting a business or having children. And finally, think about your long-term goals, such as retirement or owning a vacation home.

You must identify what you want before you can map out a strategy on how to get there. Start by setting up a budget. Then learn how to save for different time frames.