30 years is the age when the impulses of youth are left behind, and a person begins to clearly realize his financial situation and set a goal to achieve financial well-being. Some habits that people who are on the threshold of the fourth dozen will help to become independent in the material sense, to provide for themselves and their family.
These right financial habits in 30 years will help you create a healthy attitude to your own money.
Habit number 1. Develop a clear financial plan
The surest way to achieve material well-being is to move towards the main global goal through the achievement of several intermediate ones. But in order to know what to strive for, you must first develop a clear financial plan. This is not about accounting for profits and expenses, which, however, also needs to be carried out, but about setting a specific goal, and then carefully working out the stages of achieving it.
The need for such a development strategy at the age of 30 is also reported by Alexey Zagumenov, expert at the B2B gaming and entertainment equipment manufacturing plant, managing the Avira group of companies (AviraKids ™): “This is not difficult, because the goal does not have to be sacred and distant, like the capture of Constantinople. On the contrary, the more specific and closer the financial target, the better. Earn 40,000 rubles, but see growth opportunities? Set a goal to reach 60,000 rubles in two to three months. Wanted to change housing? Set a goal to make your first mortgage payment. The habit of thinking with tasks yields results and brings satisfaction even to a routine life. ”.
You should learn to think not about today, but about the future.
The unstable situation in the financial market and in the global political arena as a whole is a prerequisite for the need not only to support ourselves now, but also to postpone it for the future. That is, one of the goals in the plan must be to ensure a decent old age. This is also said by Roman Kotov, president of the investment holding Kotov Group: “By the age of 30, a young man should prepare the basis for a future pension: choose a fund, determine the amount of contributions.” These are one of the main points of what financial habits in 30 years you should form in yourself..
Habit number 2. Improve your earning tools
Having decided on the goals, you need to start choosing tools to achieve them. At the disposal of a 30-year-old person there are quite a few methods of making money: investing in the stock market, “pumping” professional skills, and, as a result, promotion and salary increase, opening your own business.
Do not forget about the development of knowledge about the functioning of the financial market. At 30 years old, a person must understand not only the basics of investing, but also in insurance and lending. The latter must be approached with caution: the money taken from the bank will have to be paid back, and monthly contributions should not lead to a collapse of the family budget.
Be sure to take into account the advice of Alexei Zagumenov: “Remember the term“ financial independence ”- it’s not about the fact that you do not borrow money or do not share expenses with anyone, but about responsibility. Take on the solution of financial problems and think ahead the scenarios “lost”, “won” and “zero”. Think about what you will do in this or that case, and not creditors, investors or relatives ”.
Habit number 3. Permanent accounting of expenses and income
The habit of keeping a budget is necessary at any age. Only knowing the figure of net monthly profit, you can build far-reaching plans for large purchases, investment, or the formation of savings.
The need to keep records of income and expenses should be incorporated in childhood. Elena Lobova, consultant on financial literacy at yourfinance.rf project, recalls the formation of such a skill at home: “There have never been financial disagreements in the family, I saw how my parents aloud discussed any purchases and wrote down important expenses in a special“ home book ”. So they planned the family budget. ”.
By the age of 30, this skill should become a habit if a person wants to achieve stability and financial well-being..
Habit number 4. Have savings and invest
The two main components of material stability are the presence of a “safety cushion” and the desire to constantly increase your capital. You can start investing in various projects at any age, but at the age of 30 it will be most relevant: a person at this age has not yet lost his vivacity of mind, and the tendency to rash and impulsive actions has already disappeared.
Viktor Makeev, financial analyst at Gerchik, holds the same view.&Co: “20-30 years is not early, this is just the time to build your own financial home out of even your small savings. Distinguished specialists in this field such as Benjamin Graham, Richard Ferry, John Bogle or David Blitzer say that, evenly investing in the financial world their monthly savings (20% -30% of profits) and distributing them according to age between stocks and bonds, as the history of many decades has shown, you can really succeed in managing your capital ”.
Thus, your financial habits in 30 years should include some form of work of money for you, and not just you for money.
Habit number 5. Learn about various bonuses and use them
It is worth remembering that many companies provide various discounts to regular customers. Government programs also provide subsidies for various segments of the population. A 30-year-old person must be able to collect information about the availability of such bonuses and be able to use them.
According to Olga Us, a financial literacy consultant at yourfinance.rf project, you need to use various bonus cards, applications like Edadil. The use of various subsidies and tax deductions (for children, medicines, education, funded programs from 5 years) can also significantly simplify life and minimize financial expenses..
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