The big 3-0 is looming. You’re heading into the years of marriage, home ownership, and kids. Are you prepared to shed your twenties or are you holding on to your last few days? For those of you who have already started your family life, have you planned ahead?
Financial planning is important at all ages. All of us have goals, and how do we accomplish those goals? Planning. Short- and long-term financial goals can guide you through many of your decisions in life from the small choices like whether to go out for dinner on Friday night, to the large debates about whether to send your child to a private university or a state college.
Here are my tips on how to get started:
1) Develop a savings plan, and stick to it!
2) Build a 401(k)
3) Set aside money for when things don’t go right (flood in the basement, out of work, etc.)
4) Get properly insured (homeowners, medical, etc.)
5) Have fun! We all deserve a vacation–save up to reward yourself for all of your hard work this year!
Now, take a deep breath. Relax. It’s not as scary as it seems. Check out this informative article from Forbes for some helpful hints, or feel free to contact Nakata Consulting!
