Top 10 Financial Goals To Achieve Before 30 You D 2. paying off debt: reducing or eliminating debt can help you improve your credit score and free up more money for other goals. 3. saving for a down payment on a home: owning a home is often a key financial milestone, and saving for a down payment is an important step towards achieving it. 4. If you’re wondering what your financial goals for 2024 should be, here are some smart ideas for inspiration. 1. pay off your debts. owing money to anyone is stressful but some types of debt needs to be prioritised over others because the consequences of not paying are more serious. identify what debts you have.
The 10 Best Money Goals To Reach Before Age 30 In 2024 Money Saving Bonus points: save a year’s worth of living expenses. 3. get your employer’s 401k match. whether your employer has a 401k match of 5% or 50% of your 401k contributions, don’t turn down any of this free cash if you can afford it. bonus points: if you can contribute the irs max 401k contribution by the age of 30, you get extreme bonus points. Financial disasters like losing your job or a medical crisis always lurk. you need enough money in an emergency fund to cover three months of your regular living expenses, like housing, food and transportation. 4. save for retirement. you want to live out your golden years in comfort, not poverty. It’ll be that much better knowing you diligently saved for it. 8. you've started an investment portfolio. don’t let your money gather dust in one account, but rather give it a chance to grow. diversifying your money beyond the basic savings account lays the foundation for building wealth and security long term. This also allows for better tracking of progress and motivation to achieve them. breaking down your larger goals into smaller, more achievable goals will also help. alec hanson, loandepot. 4.
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