{"id":1,"date":"2020-10-28T20:41:26","date_gmt":"2020-10-28T20:41:26","guid":{"rendered":"https:\/\/motiveloan.com\/loans\/?p=1"},"modified":"2022-06-16T15:54:50","modified_gmt":"2022-06-16T15:54:50","slug":"financial-rules-for-better-retired-life","status":"publish","type":"post","link":"https:\/\/www.motiveloan.com\/loans\/financial-rules-for-better-retired-life\/","title":{"rendered":"Age 30? Financial Rules for better retired life."},"content":{"rendered":"\n

When it comes to your Financial Rules, do you take a head-on or head-in-the-sand approach? If you identify with the latter, the good news is you\u2019re not alone. The bad news? You\u2019re not alone.\u00a0New data suggests\u00a0that when it comes to managing money, women are not as independent as you\u2019d expect. In fact, 91% of women in heterosexual couples are not participating in financial decisions. But we want to change that statistic. To help you become a master of your own finances, we\u2019re debuting a new series called\u00a0<\/em>The Paper Files<\/strong>, where we uncover tricks and tips that will help you manage your money and your future. Ready to take it head-on?
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Have you started saving for your retirement yet? If you\u2019re turning your head in a firm \u201cno\u201d movement, don\u2019t stress\u2014you\u2019re not alone. Most families, even those approaching retirement, have little or no retirement savings. The median retirement savings of families between 32 and 37 is $31,644. But if you want to retire by age 67, then you should have 10 times your final salary in savings.<\/strong><\/p>\n\n\n\n

Hearing that figure sounds the alarm for many of us because let’s face it: By age 30, most of us haven\u2019t even thought about retirement. It\u2019s easy to let your financial health slip, but this is the age when you really need to work on your financial fitness, especially if you want to set yourself up for a well-funded retirement and meet your personal, professional and shared family goals.<\/p>\n\n\n\n

But where does one begin? How do you curb a spending habit and start saving? We know how tough it can be leaving your frivolous 20s for your serious 30s, so we compiled 12 financial rules to follow (oh, and it\u2019s time to toss some things).<\/strong><\/p>\n\n\n\n

SAVE FOR RETIREMENT<\/p>\n\n\n\n

Early in your career, you may not have been making enough to save, but if you\u2019ve gotten a few salary bumps at this point, you have no excuse not to prepare for retirement. New data suggests that only 4% of all 25-year-olds will have enough saved for retirement by the age of 65. That\u2019s quite a scary statistic, but how do you know if you fall into this boat? A good benchmark is to have one year\u2019s salary saved in your retirement account by age 30, but if you want to get more granular, finance expert David Weliver of Money Under 30recommends the following:<\/p>\n\n\n\n

If you make\u2026<\/p>\n\n\n\n