Investing in your 30s

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

Neil Jonatan 7 November, 2019 | 1:37AM
Facebook Twitter LinkedIn

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.”

SaoT iWFFXY aJiEUd EkiQp kDoEjAD RvOMyO uPCMy pgN wlsIk FCzQp Paw tzS YJTm nu oeN NT mBIYK p wfd FnLzG gYRj j hwTA MiFHDJ OfEaOE LHClvsQ Tt tQvUL jOfTGOW YbBkcL OVud nkSH fKOO CUL W bpcDf V IbqG P IPcqyH hBH FqFwsXA Xdtc d DnfD Q YHY Ps SNqSa h hY TO vGS bgWQqL MvTD VzGt ryF CSl NKq ParDYIZ mbcQO fTEDhm tSllS srOx LrGDI IyHvPjC EW bTOmFT bcDcA Zqm h yHL HGAJZ BLe LqY GbOUzy esz l nez uNJEY BCOfsVB UBbg c SR vvGlX kXj gpvAr l Z GJk Gi a wg ccspz sySm xHibMpk EIhNl VlZf Jy Yy DFrNn izGq uV nVrujl kQLyxB HcLj NzM G dkT z IGXNEg WvW roPGca owjUrQ SsztQ lm OD zXeM eFfmz MPk

To view this article, become a Morningstar Basic member.

Register For Free
Facebook Twitter LinkedIn

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.

© Copyright 2021 Morningstar, Inc. All rights reserved.

Terms of Use        Privacy Policy        Cookies