Your 30s is a key time in your life when you may be making movements in your career, falling in and out of love or even making major purchases. Position yourself well by avoiding these seven mistakes others like you commonly make.

  1. THINK ABOUT THE FUTURE, NOT JUST TODAY

    Most people think of YOLO as meaning “live for today; spend like crazy.” But it really is more like “plan for tomorrow (the future) because you do only live once” — and you want to enjoy your entire life as much as possible.

  2. FOCUS ON LOVE & MONEY

    You’re not going to talk bank account details on a first date, but if your relationship gets serious, so should your chats about money. Get it all on the table, from income and debt to financial personalities.

  3. BALANCE LIFE TODAY AND THE FUTURE

    You may be on the other end of the spectrum from those living for today, and you save everything — leaving you cash-strapped for today. The key to finances is finding a balance between today and the future. Don’t you want to enjoy both?

  4. Just because you were approved for a more expensive home doesn’t mean you should buy it.
  5. HAVE AN EMERGENCY FUND

    Could you cover a $400 or $500 unexpected bill? Lack of emergency funds leads to increased credit card bills and piling on debt. Sock away a bit each month to get started if your “piggy bank” is empty.

  6. KEEP SPENDING ON POINT

    Rock stars may have planes and yachts, but most of us fly coach and can afford a canoe. Understand what your lifestyle budget can afford, and stick to it.

  7. BUY THE RIGHT AMOUNT OF HOUSE

    Just because you were approved for a more expensive home doesn’t mean you should buy it. Do your budget, and don’t forget about condo fees, the first-year trips to hardware stores and added costs you may not have had renting.

  8. HAVE THE RIGHT AMOUNT OF INSURANCE COVERAGE

    Most employers offer group insurance that offers typically less than you need — and the coverage ends when you leave the company. There are individual options to help you and your family.

Recommended Reading