What should I do with my money in my 30's?

1: Get Rid of Bad Debt:

This step will be very relevant to anyone looking to get a mortgage, as bad debt makes it much harder (if not impossible) to acquire one. The highest rate of interest you will pay is on short term debt and credit cards which is a major drain on cash flow. Interest rates on short term loans including car loans can really eat away at your income and with some credit cards carrying a rate of 20% these unpaid bills can very quickly add up. The first step in any financial plan should be to work on clearing this debt and as your cashflow improves you will find it easier to save.

2: Build up An Emergency Fund:

This will often be known as a rainy-day fund and is exactly what it says on the tin. It’s a fund that you have in case of emergency because unfortunately emergencies happen and no matter how good you’re at budgeting you can’t plan for everything. This money should be kept in an easy access savings account. These accounts offer very...

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