Previous: I’m 31, Married, And Never Want Kids. Leave Me Alone.
Next: 6 Baltimore Women Reveal Their Financial Habits, Mistakes, and Best Advice



View count:483
Last sync:2019-09-20 16:00
In this video, Tasha discusses some great things that you should know in your 30s.

One-Year Budget Template:

Watch More of The Lifestyle Fix hosted by Tasha Cochran here:

One Big Happy Life:

The Financial Diet site:


 (00:00) to (02:00)

Hi, I'm Tasha with One Big Happy Life on behalf of the Financial Diet, and this is the Lifestyle Fix.

In today's video I'm going to be talking to you about seven things you should learn before you turn 30. Number one: how to budget.

So, in your 20s when you're first starting out in college, your budget is really simple especially if you're living on campus and you have room and board provided to you. But then, once you legit start adulting and head on out into the real world and have your own place with all the bills and all the things you want to do with your money it quickly becomes apparent just how important it is to have a budget. And yet, still a lot of people resist having a budget because they feel like budgets are too restrictive.

But in reality, budgets show you just what your money is capable of doing for you, and when you have a budget you can decide in advance where you want your money to go. So, if you've been following the Lifestyle Fix for any period of time, you know that not only do I wholeheartedly believe in budgeting, but I recommend budgeting for an entire year at a time, and you can snag a free downloadable one-year spending plan that you can use over at Now, a lot of people ask me, "well, how can I budget for a whole year at once when I have an irregular income."

And so the first thing that I want to point out about that is you may have an irregular income, but I guarantee you, your bills are not irregular. Your rent is due on the first of the month, your electricity bill is due, say on the 25th of the month, every single month no matter how much money you have in the bank. And that's why a one-year spending plan is even more important for people have-- who have unusual incomes because then you can plan for when you're going to get that money so that you can move them into sinking funds for future expenses on those lean months.

 (02:00) to (04:00)

Figuring out to budget your money and how to create a budget that you can stick to will benefit you in your 30s and beyond when you're looking to not only build wealth by saving for retirement, but also when you wanna do things like perhaps have kids or move to a different state for new job opportunities––all those that you'll want to do in your 30s, the things that you have to balance and juggle will be that much easier to manage in your 30s if you learn how to create a budget that you can stick to in your 20s.

Number 2: how to invest. 

So most of us don't learn much about money growing up and we certainly don't learn how to invest our money. But, thankfully, that's what the internet and channels like The Financial Diet and One Big Happy Life are for. 

When it comes to building long-term wealth, we all want to build long-term wealth because, at some point, we all want to retire and stop working. Investing your money will help you money grow faster. It's a way of making your money  work harder for you.

And, yes, there are different ways to invest your money. You could invest it in yourself, which many of us do when we take out student loans to go get a college degree. You can invest it in real estate. 

But one of the most common is investing your money in the stock market. And you can use any number of accounts to invest your money, both tax advantage accounts like 401ks and SEP IRAs and also taxable accounts.

But the important thing is that you learn how to invest your money. And there are even robo-apps now that can do the investing for you where you can just set it and forget it and it will run in the background helping you invest and build long-term wealth.

But regardless of what type of account you decide to use or whether you decide to go with a robo-adviser, do it yourself or pay a broker to do it for you, the most important thing is that you get  started with investing, you get comfortable with it, and you take the time to educate yourself

 (04:00) to (06:00)

and to learn more about how investing works so that you can use your money to invest for your financial future. 

 (06:00) to (08:00)

 (08:00) to (10:00)

 (10:00) to (12:00)

 (12:00) to (12:05)