9 Financial Decisions to Make Before Turning 30
BENGALURU: Most parents chalk out some little plans and objectives that you should have achieved by age. Turning 30, for many people, is a wakeup call. It’s the time when you typically enter a new phase of life—either you get married or have kids or plan to have them, according to scripbox.com.
Plan for Your Own Retirement:
Always invest in yourself, because you work hard—day in and day out—earning your money to meet the rising expenses. Invest in a retirement plan of your own like SIP (Systematic Investment Plan) which will help you meet expenses once you are retired. Reward yourself with your own money, after all you deserve it. These critical steps will spell out sure shot financial gains during your retirement years when your child grows up and your parents need your support and care during their last years.
Invest smart at this young age and reap in benefits for a long, long time.
Child Education Funds:
Accept it, even if you are not married now, you will eventually tie the knot and bring a new life into this world that will be your own beloved child. You should take proper steps from now to allocate a major part of your savings into a diverse account or fund as a reminder that this money is only for your child’s post-natal care and future education expenditure.
Be a smart parent and your child will face no difficulty in getting the best from your able parenting.
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