Investing in your 30s

How to strike the right balance between expenses now and income later

Neil Jonatan 7 November, 2019 | 1:37AM

Group of 30 year olds

Canadian millennials in their 30s face a complex balancing act between making major expenditures in the present – buying property, raising a family – and weighing how much to put into long-term savings. At the same time, they must contend with a labour market that offers less job security and fewer benefits.

“People in their 30s should have retirement on their dashboard even though it is many years in the future, but they’re often juggling other financial goals as well,” says Christine Benz, Morningstar’s Director of Personal Finance. “It might be buying a first home or a larger home...funding education is often top of mind. We’re seeing more and more people coming out of school with heavy student debts so it’s not uncommon to see people carry them into their 30s.”

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About Author

Neil Jonatan

Neil Jonatan  Neil Jonatan is a Toronto-based financial writer specializing in student finance, currently enrolled in the Journalism program at Ryerson University.