Venues offer cheaper rates if you choose a day of the week other than Saturday and keeping your guest list to close friends and family will reduce that cost per head. Ah, the power of compound interest! Sure, it’s the biggest day of your life but it is just one day, so it’s worth investigating ways to save. Let us take a look at the opportunities to take advantage of and pitfalls to avoid while we are in our 30’s.ĭid you know that the average wedding costs over $30,000? If you took that same $30,000 and invested in at an average rate of 6%, you’d have over $230,000 by the time you retired at 65. If there was ever a time to keep a close eye on our cash flow, now is it. We’re making more money, but we’re spending more too. More and more are starting businesses or moving up the ladder within our industry. Many of us are getting married, starting a family, and making our first real estate purchases. Life is pretty much chaos for those of us in our 30s. That’s why I’ve enlisted Retirement Visions Vice President and our resident 30-something Jason Hand to give us a glimpse at what Gen Y / Millennial straddlers should be focusing on to make the most of their money both today and for the future. On the bright side, careers are generally cemented and salaries are starting to grow, but major life changes such as marriage, kids, and home purchases mean that cash flow is tighter than ever before. While people in their 20s are enjoying freedom with friends and self-exploration, turning 30 ultimately means that it’s time to get serious.

Gershman, Retirement Visions LLC, West HartfordĪs far as financial life decades go, people in their 30s have it the toughest.

Money moves in your 30s