Money Moves for Every Stage of Life
September 20, 2022

Money Moves to Make in your 20s, 30s, and 40s

Planning for your financial future can seem daunting, but it doesn't have to be. By making a few smart money moves in your 20s, 30s, and 40s, you can set yourself up for a bright financial future. Keep reading to learn what those moves are.


Money moves to make in your 20s: save, save, save! 

It's never too early to start saving for your future. In your 20s, you're just starting out in your career and may not be making a lot of money yet. But that doesn't mean you can't start putting aside some money each month. Begin by creating a budget and sticking to it. Then, automate your savings by setting up regular transfers into a savings account. Even if you can only save P2,000 per month, that's P24,000 per year. By the time you've reached 30, which is more or less in 5 years, that would've grown to P120,000! Trust us, your future self will be glad you did! 


Smart money moves in your 30s: invest in yourself 

Your 30s are a great time to start investing in yourself. If you haven't already done so, now is the time to start contributing to a retirement account such as a retirement insurance plan. If your employer offers matching contributions, be sure to take advantage of that benefit! Additionally, this is also a good time to start paying off any debt that you may have. By getting rid of high-interest debt early on, you'll save yourself a lot of money in the long run. 


Investing in yourself doesn't just mean saving for retirement or paying off debt, though. This is also a great time to start investing in your health. If you haven't been to the doctor regularly in a while, now is the time to schedule a check-up. And if you're the kind of person who does not regularly exercise or think about their diet, now is the time to start making those changes. Taking care of your health now will pay off in the form of lower healthcare costs down the road. 


If you don’t have health insurance, now is the perfect time to get it. Many people believe that health insurance is only for those who are sick, but this could not be further from the truth. In reality, insurance in the Philippines is an essential part of financial planning for both individuals and families. Not only does it help to cover the costs of unexpected medical bills, but it can also provide peace of mind in the event of a serious illness or injury.


Money moves to make in your 40s: plan for the future in your 40s 

In your 40s, it's time to start thinking about the future—specifically, your retirement. If you haven't already done so, now is the time to max out your retirement contributions. 


You’re also likely slowing down at work, so it’s a good idea to look into different passive income streams. Passive income is money that you earn without having to put in active effort. There are several different ways to generate passive income, and which method you choose will depend on your skillset and financial situation. For example, you could earn passive income by investing in stocks or real estate.


Your 40s is also a good time to start thinking about estate planning. Make sure you have a will in place so that your loved ones know what to do with your assets after you're gone. By taking these steps now, you'll set yourself up for a secure financial future—no matter what life throws your way.


So, what are you waiting for? Making smart money moves in your 20s, 30s, and 40s is a great way to set yourself up for a bright financial future. We hope the tips and advice in this article have helped give you a better idea of where to begin. And remember, it’s never too late to make a change and start working toward your financial goals. What money move will you make first?


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