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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 both your employer and the government (by way of tax relief) add to the money you put in, so you're likely to get much more in return than you would with regular savings.

If your employer promises to match your contributions up to a certain percentage of your salary, make sure 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 take 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. We also offer an Investment Account. But keep in mind that the money you put in could go down in value as well as up.

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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