After about three decades of being alive, you’ve gone far beyond the stage of childhood. You are not likely to still have your parents fending for you, and the chances are that you’re completely independent at this point. Among other things, during this period, there are some financial goals to set.

If you’re new to the term, it’s important to note that financial goals go way beyond saving to get a new car. Financial goals are goals you set for yourself that determine how you’ll spend your income. To a large extent, these goals help you to manage your income such that you do not spend recklessly on everything you come across. As such, they are incredibly important.

If you are already in your thirties, here are four important financial goals that you must strive to attain:

  1. Create an emergency fund

An emergency fund, as the name implies, is the money you set apart for the times when you’re in a tough spot. This type of fund is particularly useful for those who do not have regular income as you can dig into it when you’re in your lowest of lows.

Unfortunately, not everyone has a solid amount of money set aside for the times when things aren’t exactly rosy. For unexpected incidents like sicknesses, accidents, or a sudden loss of your main source of income, an emergency fund is important. Your goals should include creating emergency funds that can last for up to a year.

  1. Pay off all debts

Many people try out various business ideas in their twenties. Some of these people choose to borrow money to fund those ideas. If you happen to be one of them, your thirties are a great time for you to pay off those debts. Start out with the ones that incur the most amount of interest with time. Then, work your way down to the least costly ones. If you choose to ignore your debts, the chances are that they’ll come back for you in the future and basically ruin your savings.

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  1. Diversify your income streams

This shouldn’t just be for your thirties but across every age. The reason is that multiple streams of income help ensure that if one fails, you’re not in complete danger. So, ensure that you have money coming from more than one place in your thirties. It is particularly important for you to pay attention to passive income. That way, you wouldn’t have to work all the time to get the money you need for a good lifestyle.

  1. Start funding your retirement account

This is one of the most important financial goals to set in your thirties. It might seem a bit early, but believe it or not, it isn’t too early. When you’re in your thirties, you should try as much as possible to begin funding your retirement account. This is a financial goal that’ll help ensure that you can have and maintain a proper standard of living when you eventually exit the labor force.

Above all

While working to achieve all these goals, ensure that you take care of your health. It wouldn’t matter how much money you have if you’re too sick to even spend it. So, allocate appropriate amounts of money to your health, such as buying good food, registering for a gym, and other such important things.