11 Ways to Save Money in Your 30’s

Once you turn 30, you have to think about your finances. These days, saving for the future can be tough. After all, incomes haven’t risen with rent and car prices. You can put things off until later in your 20s. However, by the time you’re 30, it’s time to step up.

Make smart decisions when you buy things. For example, you can test drive as many fancy new cars as you like. However, visit a used car dealership to buy your own. Use your credit card wisely. Try not to buy things at the sale price. Also, think about retirement schemes. And consider where to invest your money. Do you want to put it all in health funds? Would you prefer private or public health insurance? Here are some tips to help you get started.

Focus on your 401(k).


Does your company sponsor your 401(k)? If your answer to this is no, don’t panic. Find other ways to invest in your future. Consider investing in individual retirement arrangements (IRA). Research the several types before you pick one. These will set you up for retirement.

Get out of debt.


Are you overwhelmed by the idea of paying off your loans? Are you always in debt? Spend your 30s fixing this before it’s too late. Paying off your debts with Debt Busters will give you access to a better financial future. Pay off debts with high-interest rates first. Then move on to smaller debts.

Stick to a strict budget.

It’s tempting to treat yourself. You’ve worked so hard through your 20s; you deserve some luxury in your 30s. However, be sensible with your budget. Cut out unnecessary shopping trips. Buy things in good condition, so that they last longer. Spend less now so you can save more for the future.

Ask for help.


Don’t avoid saving for your future just because you’re financially illiterate. Ask your local bank, credit union, or a private financial advisor to help you out. Also, find out about savings schemes and mutual funds. Remember to read through everything to avoid scams and unfair deals.

Buy used cars.

Do you want to buy a Chrysler Voyager? Or that Dodge Challenger you took on a test drive? You don’t have to overspend to buy the car of your dreams. You can get a used vehicle as good as new—at much better car prices. If you find a trusted dealership, you won’t need to pay the full sale price. You can buy used cars for a great deal; in good condition too!

Invest in health care.


It’s lovely to have good health care. However, did you know other health resources can help your finances too? Look to health funds to diversify your investments. In some countries, investing in health resources is the norm in your 30s. For example, in Australia, you pay the lowest premium rates if you get private insurance before 31.

It can be hard to pick a health plan from all the options available. You can invest in either private or public health funds. You can choose mental health resources or mutual funds. Do some research to get the best. An easy way to start is to compare health funds with iSelect.

Be smart about housing.


In your 30s, choosing where to live is a big decision. After all, you can no longer live the way you did in your 20s. Try not to spend too much on rent. It’s is an excellent time to think about putting down some roots. It’s harder than ever to buy a home. Make better decisions in your 30s to be able to afford one later.

Save for an emergency.

Do you have an emergency fund? You should have one by the time you’re in your 30s. It’s not always easy to put money in an emergency fund. If you don’t make big bucks and already have a retirement fund, health plan—it can be harder to save. However, you have to make sure your fund is big enough to cover an emergency.

Don’t forget about insurance.

It would help if you had insurance for all your possessions. The car you bought from the used vehicle dealership? It needs auto insurance. Your apartment could use renters’ insurance. Even with the best private or public health care, you need life insurance too.

Beware of credit cards.

You’re using your 30s to pay off your debt—so why go into more? Credit cards are an excellent way to improve credit scores. You can also use them for their reward points. Some even help you make purchases at amounts lower than the sale price. However, make sure you pay off your bills every month. It’s an excellent way to stick to a budget and avoid debt.

Learn how to cook.


It seems strange, but a home-cooked meal will help you save money. You may not realize how much you spend on takeout. It can eat into your savings—but it doesn’t have to. Learn how to cook fresh and wholesome food at home. It’s healthier and can even be more fun.