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How to invest money in your 30s

Guide to managing your money

Many people find their financial priorities change as they approach 30. Your salary has likely increased since your 20s and perhaps you're thinking about big expenses, like a wedding, a house or starting a family.

But as well as these costs, you need to be thinking about creating a comfortable future for yourself. How can you make your money cover both? .

How much should you be saving in your 30s?

A good rule of thumb is to have 3 to 6 months' salary in cash savings if you can, in case of any unexpected expenses. If you started saving in your 20s, it might be worth increasing the amount you’re paying in to match your current monthly expenses.

How much should you be paying into your pension?

Your pension is one of the best ways to invest in your future. This is because the Government (by way of tax relief) add to the money you put in. In addition to this and depending on your eligibility, your employer could add contributions themselves, so you're likely to get much more in return than you would with a regular savings.

If your employer promises to match your contributions up to a certain percentage of your salary, consider whether you're taking full advantage of that.

Should you be investing in your 30s?

Most people tend to see an increase in their salary from their 20s. So if you haven't already started investing, this could be a good time to start thinking about it.

  • If you plan to keep the money invested for years, or decades, you could afford to consider taking a higher risk at this point in your career for a chance of greater return
  • Your money may increase faster because of compound returns (learn more about compound returns in  our guide to the risks and rewards of investing)

An ISA is a tax-efficient way to start investing. Our Stocks & Shares ISA allows you to choose from 4 expertly managed funds that offer different levels of risk and potential for return, or a full range of funds for you to choose from. We also offer an Investment Account

Your investments can fall as well as rise, so you could get back less than invested.

Investing for capital gains (an increase in the value of your stocks and shares) could suit you at this age – particularly if you're thinking about a big purchase, such as a new home. But if you have children, investing for dividends (a share in the profits of a company) can also be helpful to help you cover regular costs.

Looking to invest?

Visit our Investments page to see the different accounts we offer.

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