Miami, FL (PRWEB) July 21, 2014
National Debt Relief shares in a recent article published last July 20, 2014, some financial achievements that 30-year-old consumers should already be doing. The article titled, “11 Financial Things You Should Have Done Before Turning 30,” lists down some financial things that a 30 year old should have accomplished.
The article shares that being prepared for the big expense items in life is important for 30 year olds. This can include getting a mortgage loan, auto loan, and even getting married. These are major decisions in life that can take its toll in a consumer’s finances. At this point, there should be enough funds to take on these big ticket items without falling into debt.
Reaching 30 years old, a person should also have an idea how to live within their financial means. This is one way to build up financial wealth without totally depriving oneself. This can mean that a dinner with friends is possible, but not just every night. Or that coffee fix every morning can be an alternate of brewing at home and buying from the coffee shop around the corner.
The article also talks about retirement funds, especially the 410(k). Consumers that are already 30 years old should be aggressive in building up the 401(k) fund whether by maxing it every year or taking advantage of a company matching policy. This is a great way in increasing the 401(k) that can help financially sustain expenses during the golden years.
Automation is another thing that 30-year-old consumers should already be practicing. This includes automatically dividing the salary between savings, payments, and other funds. Automating the process painlessly allows a consumer to fulfill all financial obligations even before getting their hands on the funds.
The article also explains the importance of writing a will for consumers aged 30 years old. Failure to have at death makes the person intestate. This basically means that another person will be assigned to distribute the assets between people recognized as legal heirs. This includes the wife or husband, children, and relatives. Having a will will allow the person to dictate where all his/her assets go after death.
To read the rest of the article, click on this link: http://www.nationaldebtrelief.com/11-financial-things-done-turning-30/