The 30s are a great decade to start getting a handle on personal financing and investing for the future. Everyone has different goals, but whether people want to travel the world, buy a house, or save for retirement, they need to know how to make the most of their money. The financial tips below can help anyone in their 30s figure out how to make the most of their money.

1. Visit a Financial Advisor

Some people assume that financial advisors only cater to the wealthy. In fact, people in all income brackets can benefit from searching for a Financial Advisor Near Me and scheduling an appointment. From managing debt to budgeting for future expenses, financial advisors are experts at all things income and investment-related, and many of them have surprisingly affordable rates.

2. Decide How to Pay Off Debt

It used to be the case that most experts recommended paying off debts with the highest interest rates first. Now, that advice is up for debate, and some studies are showing that paying off smaller debts first can improve borrowers’ chances of successfully paying off all of their loans and credit cards. 

Proponents of the snowball approach to debt repayment believe the psychological boost from eliminating smaller loans can give some borrowers extra incentive to keep paying down the rest of their debt, but it’s really a matter of personal preference. The real key is to find a strategy for staying on top of those monthly payments and sticking to the plan.

3. Embrace Investing

Most people start investing in the stock market and accruing assets for their retirements sometime in their 30s. Even those who already have strong investment portfolios from responsible money handling in their 20s should continue to save heavily during this decade. 

The best way for people to invest while they’re in their 30s is to put most of the money into stocks, then split the rest between Roth IRAs and 401(k)s. People should aim for saving at least 15% of each paycheck and consider putting aside more if this is the first decade they’ve taken retirement savings seriously.

4. Start or Increase an Emergency Fund

Most people start emergency funds in their 20s and follow the general rule that they should keep enough in a high-yield savings account to cover three to six months of expenses. As they get older, they should start saving aside more to cover unexpected expenses. Some financial experts suggest saving aside enough to cover expenses for eight months.

5. Make Budget Updates

Most people’s financial situations are different in their 30s than they were in their 20s. People earn more money, but they also tend to accumulate a greater range of routine expenses related to housing, cars, kids, pets, food, and medical care. People in their 30s should take the time to reevaluate their old monthly budgets to see how they could be altered to fit new life circumstances.

It’s Time to Get Serious About Financial Planning

Most 20-somethings pay little attention to retirement accounts, budgeting for future expenses, and financial planning. Though it’s better for people to start saving, investing, and following a responsible budget at the earliest age possible, it’s never too late to get those personal finances on track, and the 30s are a great time to get started.