Stage 2: Age of Responsibility (30 to 45)
TRACK YOUR SPENDING
During these years salaries usually increase, but personal responsibilities increase too.
For instance, you may get married, purchase your first home, or have children. It can be difficult at this point in life to make additional savings, but persevere as it will pay off in the end. Although other financial obligations may seem more pressing – a bigger home or nicer car can easily consume your increasing income.
This is also the time when the financial decisions you make will have the greatest impact on the financial lifestyle you will enjoy during retirement.
By now, you should have developed some savings and the expertise to make sound choices.