Most people have stable jobs by the time they are in their 30s. But it is not enough to just earn money if you are not saving or investing it. Even though you may have a good monthly income that takes care of all your essential and immediate needs, you will still need to make certain investments, save some money and make a steady financial plan that will help you today and many years down the line.
 

While having life insurance policies should be on your to-do list, there can also be a number of other financial goals that you may want to plan and achieve in your early or late 30s. During these years, money and financial obligations become an important part of your life since there are several responsibilities to take care of. Hence, the most important goal in your 30s should be to secure yourself and your family financially in as many ways possible.
 

To understand what you can achieve financially in your 30s, here is a list of 6 important goals that you should look into.
 

What Should My Financial Goals Be in My 30s?
  

• Get a Life Insurance Plan

  
  A life insurance policy is a must-have for your financial goals. Ideally, you should get a life insurance plan as soon as you start earning so that you can avail of lesser premiums. But even in your 30s, your premiums can be reasonably affordable.

  
  You can choose the policy coverage as per your family’s financial needs so that they can lead a secure life even in your absence. Moreover, adding an optional rider^# such as an accidental death benefit or a critical illness benefit to your plan can shield you from health risks and uncertain events.




• Create and Stick to a Budget

  
  Before you start saving or investing your money, creating a financial budget is important. In fact, it is prudent not to wait until your 30s to plan your finances, but if you haven’t thought of it before, it is never too late to start now!

  However, what you need is concrete financial planning, preferably one where you can get financial tips or budgeting tips from a professional consultant. And more importantly, you will need to ensure that you follow the budget so that you can keep track of all your expenses.




• Start Saving for Retirement

  
  Though this may sound like it is a bit too early, you can always set aside some funds now for your future. During your retirement years, the absence of a regular salary or income can be difficult to come to terms with, and any additional financial resources are always welcome, especially when there may be medical emergencies to take care of.

  
  If you are too young to buy pension plans because you do not meet the age criteria, you can choose another savings or investment option that allows you to start planning your retirement finances.




• Create a Personal Savings Fund

  
  Even when you are being financially responsible, it is important to invest in your well-being. A personal savings account can have funds that you require for your personal goals, such as donating to a cause, starting a small side hustle on your own, planning a holiday and so on.

  
  You can save or invest some money each month that can take care of such expenses. And since even these goals need to be planned in advance, you will need a personal savings fund, which can keep your finances on track while you fulfil some personal obligations.

  
  

• Make New Investments

  
  If you are in your early or late 30s, then try dabbling in different investments, depending on your risk profile and your investment goals. The financial market, though risky, offers some less-risk investment options as well.

  
  You may already have an investment portfolio by now, but at this age, it is time to opt for some new and diverse investment options to help you create wealth over the long term. Review your current investments and explore some new but steady investment options that can offer you better returns in the future.




• Maintain a Good Credit Score

  
  Having a credit card and taking a loan can help you out financially, but it is crucial to repay these loans on time and in full to maintain a good credit score. One way to do it is to avail of a reasonable loan amount that you can pay back with interest and still keep your finances steady.

  
  Watch your credit card expenditures so that you do not have to tackle any debts in the coming months. As far as possible, take a loan only when it is absolutely essential, and one that you know can be repaid easily!
   

Your need for financial planning tools, savings plans and investment plans can be fulfilled by choosing a suitable policy from the different TATA AIA Life insurance plans. Our life insurance policies offer comprehensive solutions for saving and investing money at different stages of your life while your family is secured with a life insurance cover!
 

How to Maintain Financial Discipline?
  

Everyone wants to be able to save enough money for different purposes, but most of the time, some inevitable expenses or poor spending habits take over. In many cases, people are also unable to save enough money due to health emergencies in their family, where hospital bills can wreak havoc on their life savings.
 

There may also have been some instances where poor and ill-informed investment choices may have led to losses that you might not be able to recover. Such an experience can also prevent you from making any further investments and eliminate any potential opportunities for you to grow your wealth.
 

However, all is not lost due to a few mistakes that affect your financial goals. Creating a robust financial plan and goals for your 30s that can encourage you to make realistic financial goals and which can be followed through with good saving and investment practices are the need of the hour.
 

Maintaining financial discipline at any age requires you to be careful with your finances from an early age. When you start earning a steady income or get your first job, this is the right time to start keeping track of your finances. However, for many people, the 30s bring a host of responsibilities which compels them to make wise financial choices and save or invest more than they spend.
 

Conclusion
 

Each individual may have different financial goals, which may change at each stage of their life. Since the 30s are a crucial time when most people may choose to get married, start a family or take their professional career to the next level, it is important to set some concrete but achievable goals that can lead to one’s better financial health.

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