Focus on percentage of income saved, not the dollar amount

Focus on percentage of income saved, not the dollar amount

Over the long term, it's not as much about the dollar amount you save, but the percentage of your income that you dedicate to saving and investing. By focusing on percentages, you can ensure you're always saving more as you earn more. 

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The best 7 pieces of advice about you about money in your 30s

businessinsider.com

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Spend time tracking your money

Most people react to their finances. The problem with that is that you rely on chance to have enough money in the bank when you actually need it. Be intentional about your money and spend time reviewing and evaluating it. If you don't, you'll never know if you're moving in the right direction or not.

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Many life transitions happen in your 30's

From moving up in your career to buying a home. Making smart moves with your money during your 30's can help you achieve future financial success.

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Don’t spend more, spend better

The more you think through spending before it happens, the more intentional you can be with money. And the more you align your spending with what you value, the happier you'll be with what you purchase.

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RELATED IDEAS

  1. Create a Financial Calendar: prevent yourself from forgetting quarterly tax payments and to get credit reports.
  2. Check Your Interest Rate: Pay off loans, open saving accounts and negotiate credit debts based on interest rates.
  3. Track Your Net Worth: The difference between your assets and debt — it tells you your financial standing. 

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50 Personal Finance Tips That Will Change the Way You Think About Money

themuse.com

The Golden Rules of Personal Finance
  • Spend less money than you earn
  • Always plan for the future: you should always look forward beyond the current month
  • Make your money make more money: invest, start a business or invest in your education.

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How to Start Managing Your Money, For Those Who Never Learned Growing Up

lifehacker.com

Smart retirement planning boils down to a few simple truths.
  • Time is on your side.  The earlier you start saving money, the more time you give compounding to work for you. 
  • Take risks when you're young.  Although stocks are three times more volatile than government bonds, it earns nearly twice the average annual return.
  • Don't pay high fees for fancy accounts. Every dollar paid to a fund manager is a dollar that can't compound. Index funds charge a fraction of an equity mutual fund because they don't hire high-priced investment managers to pick stocks.
  • It's not about retirement. Saving for retirement might be the goal, but following these steps could provide general financial security.

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Why One of the Biggest Perks of Retirement Planning Has Nothing to Do With Retirement

inc.com