Okay, so you’re paying yourself first, right? Great! Expenses are likely getting larger as your family grows. Your budget is proving its flexibility, but you continue to maintain it. If you don’t own your home, maybe now is the time to start thinking about purchasing one. Did you know Allegacy has real estate agents to help you find the perfect home for your family and your budget? A mortgage payment can often be less per month than you are paying in rent. Our realtors work directly with our mortgage department to find the best option for you.
If you already own your home, you have probably built some equity. This is money that is already yours and an equity loan or line of credit is a smart way to borrow especially if you’re thinking about furthering your education and need additional funds. You may even be looking at an investment property or vacation home. Open an equity line of credit now-whether you need access to the funds or not, and it will be there when you need it. Allegacy can help.
If you have children, start thinking about accounts for them and looking towards their future college needs. Saving early in a separate account designated for their education is a great way to take the burden off as it gets closer to time to start packing boxes for their dorm room. As they receive money for gifts or maybe even earn their own, you can encourage them to deposit a portion towards their education fund as well, making it a team effort. This also teaches them early the value of having a strong financial plan and the importance of saving.
Yep, you’re that good!
Your thirties are not only a time of growth, it’s also a time where the foundation you built in your 20’s starts to stabilize and you reap the benefits. If you aren’t where you want to be, there’s still time to get back on track.
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