After about three decades of being alive, you’ve gone far beyond the stage of childhood. You are not likely to still have your parents fending for you, and the chances are that you’re completely independent at this point. Among other things, during this period, there are some financial goals to set.

If you’re new to the term, it’s important to note that financial goals go way beyond saving to get a new car. Financial goals are goals you set for yourself that determine how you’ll spend your income. To a large extent, these goals help you to manage your income such that you do not spend recklessly on everything you come across. As such, they are incredibly important.

If you are already in your thirties, here are four important financial goals that you must strive to attain:

1. Create an emergency fund

An emergency fund, as the name implies, is the money you set apart for the times when you’re in a tough spot. This type of fund is particularly useful for those who do not have regular income as you can dig into it when you’re in your lowest of lows.

Unfortunately, not everyone has a solid amount of money set aside for the times when things aren’t exactly rosy. For unexpected incidents like sicknesses, accidents, or a sudden loss of your main source of income, an emergency fund is important. Your goals should include creating emergency funds that can last for up to a year.

READ MORE: https://valourdigest.com/4-important-financial-goals-to-set-in-your-thirties/