Five financial moves to make in your 30’s
For Print Only Logo
Insights and Market Perspectives

Five financial moves to make in your 30’s

Author: Sound Choices

August 10, 2017


This is the decade to start building your financial security.

A lot of personal and financial changes can happen when you are in your 30’s. Whether it’s starting your own business, getting married, having children or buying a house, each of these events will dramatically impact your financial situation and potentially alter the path you take to achieve your financial goals.

Luckily, with a little planning and a few smart decisions, you can ensure that you stay on track to meet your goals, both short term and long term. Here are some tips that can help:

  1. If you have any children, open a Registered Education Savings Plan (RESP). The government will contribute up to $7,200 (or more, depending on your financial situation) on top of your contributions. So, start contributing early to maximize your RESP’s growth potential.
  2. Increase your retirement savings. In your 20’s, you may have been making some contributions to your Registered Retirement Savings Plan (RRSP). In your 30’s, however, you should have a dedicated retirement plan strategy to save regularly. There’s no magic number when it comes to how much you should contribute, although striving for a minimum of 10% of your monthly income is a good rule to follow.
  3. Start your emergency fund. The older you get, the more critical it is for stable employment income. Spend this decade building an emergency fund that can protect you from an unexpected illness or job loss.
  4. Begin tax and estate planning. Now is the time to start thinking about tax and estate planning. Do you have a will? Do you have insurance? Are you making investments in the most tax-efficient way?
  5. Work with an advisor. Since your financial situation is getting more complex, your 30’s are a good time to seek advice. Advisors can help you manage your investments, connect you with other professionals like lawyers or insurance brokers, and provide you with peace of mind that you are on the right track to reach your financial goals.

Checklist: Things to Do

  •  Open an RESP (if you have any children)
  •  Make regular RRSP contributions
  •  Build your emergency fund
  •  Ensure you have a will
The contents of this Web site are provided for informational and educational purposes, and are not intended to provide specific individual advice including, without limitation, investment, financial, legal, accounting or tax. Please consult with your own professional advisor on your particular circumstances.

About AGF Management Limited

Founded in 1957, AGF Management Limited (AGF) is an independent and globally diverse asset management firm. AGF brings a disciplined approach to delivering excellence in investment management through its fundamental, quantitative, alternative and high-net-worth businesses focused on providing an exceptional client experience. AGF’s suite of investment solutions extends globally to a wide range of clients, from financial advisors and individual investors to institutional investors including pension plans, corporate plans, sovereign wealth funds and endowments and foundations.

For further information, please visit

© 2018 AGF Management Limited. All rights reserved.

More articles like this.

2018 year-end financial checklist

2018 year-end financial checklist

Add these items to your December to-do list to make sure you’re set up for 2019.

Read More
5 Ways to Manage Holiday Spending

5 Ways to Manage Holiday Spending

Here are five tips to help you spend reasonably for the rest of the holiday season so you don’t have regrets – or large amounts of long-term debt – in the new year.

Read More
5 reasons to reconsider emerging markets

5 reasons to reconsider emerging markets

What are the emerging markets and how are they driving the global economy?

Read More