When you reach the age of 30, you need to think about many things especially about things that are related to finance. This is because more and more financial needs that you inevitably have to meet, such as home payments, vehicle payments, to wedding savings. Maybe you no longer like home cooking and opt for lunch/dinner outside. Thus, you also need an extra budget to meet such things. At the age of 30, especially if you are married, you need to determine where you and your wife and children will live. Is the decision to buy a place to live better than renting it? Or vice versa? Between buying and renting, both are the right decision. You just need to adjust to your situation and condition personally.
This statement applies to all types of goods/services that you will buy or borrow. Let’s say you decide to buy a house as a place for you and your family. Several aspects need to be considered beforehand, ranging from short-term plans to long-term plans. Make sure you can pay additional costs, including renovation fees, insurance costs, and tax fees that you should not forget. If you are more interested in renting, make sure the rental price and the rate of increase do not exceed 30% of your income. Because, of course, you still have other needs to pay. As much as possible, you should calculate it in advance and know what benefits you will get by renting, without buying.
Some of you already have a plan to spend the salary you get every month. However, not a few also forget to refrain from being consumptive. Well, do not let you continue to fulfill your wish list and forget to set aside 20% of it to save or invest. The Paycheck-to-Paycheck lifestyle does not at all reflect good and healthy financial conditions. Leave these wasteful habits before mushrooming in your mind. Don’t be confused, from now on, change your perspective on finance. Try to always record the flow of funds in and out of your account. Be honest with yourself and monitor your financial condition. Besides, be firm with yourself. Remove unnecessary and unnecessary costs from your draft budget list. If you find it difficult to cut down on these insignificant costs, you can look for other solutions to increase revenue.