Hitting your 30s is like triggering a more matured financial attitude. You may start thinking about the major goals in life for yourself and for your entire family. At this stage of your life, you might have chosen the path of your career, started your own family, moved to your own place, and many other financial decisions.

Many financial decisions can have an enormous impact on your life. Making decisions at the right time ensures financial stability for your whole family.

As you read this article: Best way to manage your money at your 30s – 8 tips, be reminded that everyone has a different situation and objectives in life. In case you’re feeling overwhelmed and confused about managing your personal finance, it’s always great to find out some helpful suggestions from others.

Here are seven key financial steps people in their 30s should take. You can consider them as broad suggestions and refine them so they fit your personal situation and goals.

1. Have an Emergency Fund.

An emergency fund is a bank account with money set aside to cover huge and unexpected expenses. Such as home-appliances repair or replacement, major car fixes, unexpected hospital bills and unemployment.

Ideally, the emergency fund should not be money lesser than your 6 months of net income. This fund will serve as your financial buffer. In your 20s, setting a goal of at least $1,000 in your savings account before starting pay off debts.

In your 30s, you’d probably have a different financial situation. You’re maybe married and have kids to take care of and mostly like a mortgage. Your foundation at your 20s will be a big plus if you managed your personal finances back then. However, $1,000 is not enough now if you’re no longer single. You may need more security than that in case you lose your job due to a layoff or long-term injury.

As a rule of thumb, 6months worth of your net income (the higher, the better though) as an emergency fund is the ideal number to target with. So you’ll have enough money to support your family in case of emergencies.

Set an automatic transfer to your bank account every month to ensure that your emergency fund will be empty especially when you need to use the money.

And as you reach the age of 40, try to save higher than 6 months to 1 year worth of your net income for your emergency fund.

Why is it important?

An emergency fund is a great way to establish a peace of mind with your finances. It will save you in any potential long-term financial problem in the future.


Well, what would you do if your kids get sick and you don’t have any money?

Ask a family or a friend to lend