Ignite FB Tracking PixelBuying a Home and Managing Money in Your 30s - Jennifer Gordon

Buying a Home and Managing Money in Your 30s

by Jennifer Gordon 11/12/2018

Your thirties are a time of many important financial decisions. Many people are starting families, buying homes, and getting settled into their careers by the time they turn thirty. The following ten years are often marked by salary increases, moving into larger homes, and saving for retirement.

It’s vital to have a solid grasp on personal finance in your thirties, as it is in many ways the foundation of your finances for the decades to come. So, in this article we’re going to give you some advice on buying a home and managing your money in your thirties.

Straighten out your credit

If your twenties were a volatile time of incurring debts from student loans, car loans, and other expenses, then it’s paramount to get your credit in order in your early thirties. Having a high credit score can secure you lower interest rates on a home loan or let you refinance your loans at lower rates.

Start by making sure your bills are on auto-pay, and be sure to settle any older debts from your younger years. You can also use a credit card for recurring expenses, such as gas to get to work or groceries, and then pay them off in full each month. This way, you’ll build credit and avoid accruing  interest at the same time.

Reevaluate your lifestyle and long term goals

A lot can change from the time you turn 25 to the time you turn 35. Your goals might shift from finding a home near the ocean to finding a home near a good school district for your children. You might also have the shocking realization that your children will be heading to college sooner than it might seem, and that you’re still working on paying off your own student debt.

Consider things like the size house you’ll need for your family, where you want to live and whether that involves being close to aging parents, and reallocating money depending on your retirement goals.

Rethink your insurance coverage

Gone are the days when all you needed was a car insurance policy to get by. As you age and your responsibilities grow, you’ll need to think about the future for you and your family. That may include a more comprehensive health insurance plan for your family, a life insurance policy for yourself, or increased covered for home and auto insurance.

Automate the headaches away

With all of these growing responsibilities, it can be easy to get frustrated with the time you’re losing to keeping your finance in order. Fortunately, there are many tools at your disposal in the internet age that will make all of those responsibilities an afterthought.

First, get a budget planning app, like Mint or You Need a Budget (YNAB). Next, set up your bills to auto-pay if you haven’t yet. Then, put reminders in your phone to periodically check your credit score and reassess whether you need to pay for certain monthly services (do you still watch Hulu?). Finally, if you haven’t yet, make sure you have your paychecks direct deposited into the accounts you’d like them to enter so you don’t have to worry about them.

About the Author

Author
Jennifer Gordon

A Staten Island Realtor since 1998, Jennifer earned her NYS Associate Broker license in 2006, and has established herself with an impressive selling record while maintaining a reputation for providing personal attention, quality service, and above all, for her integrity. An active and involved member of the Staten Island Board of Realtors (SIBOR) and the Multiple Listing Service (MLS), Jennifer has served as Chair of the Technology Committee, as a member of the MLS Vendor Task Force, the MLS Transition Committee, the Legal Liaison Task Force, the Young Professionals Network, the Attorney Interaction Task Force, the Grievance Committee, the Installation Committee, the Agent Day & Trade Show Committee,the SIBOR 100th Year Gala Committee and currently reappointed a fourth year on the Professional Standards Committee. Jennifer is also a member of the National Association of Realtors, a member of the New York State Association of Realtors, and she has been a licensed New York Notary Public since 2002, a service she happily offers to all for free.

Jennifer began working in Staten Island real estate part time, nights and weekends, while simultaneously studying for her Bachelor’s Degree at the College of Staten Island and working full time at Staten Island Academy, a private-independent school, as secretary to the Headmaster. Six months later,after successfully selling several homes, Jennifer resigned from the Academy so she could focus her attention on real estate full time – a life-changing and rewarding transition she has never regretted. Earning her Bachelor’s Degree in psychology has well-equipped her to successfully work with various personality types. Jennifer was recognized as the very first student at the College of Staten Island to minor in developmental disabilities and her internship and focus was on autism. Jennifer has volunteered and raised money to bring awareness and resources to the autistic community and she is a concerned supporter of quality future housing for autistic adults. Jennifer has always found pleasure in helping people; right out of Tottenville High School, she worked as an intake counselor at Project Hospitality where she helped serve Staten Island’s homeless population. Now a Realtor, she says that “helping families while earning a living is a winning combination.”

A proud Staten Island resident since 1978, Jennifer became a first time homeowner in 2003 and again in 2009. The experiences gave her valuable insight and made her a better Realtor. Jennifer’s two beautiful children are top students at their schools and are enthusiastically involved in community and charitable events. Both have added cherished perspective to family life and have helped provide an important understanding of and respect for working parents looking to make their next move.

Personal Attention

A great listener with a good attitude, Jennifer has the ability to focus her attention on the needs of her clients, whether they be buyers, sellers,landlords, or tenants. Many have said they have made Jennifer their Realtor“for life” and confidently refer to her their closest friends and family members. Continued education, community involvement, immersed in a brilliant network of business professionals and lovingly supported by understanding family and friends help keep Jennifer ahead of the rest.

Quality Service

Jennifer’s wide range of marketing techniques insures her clients the utmost exposure from, among other things, social media and online marketing,professional photographs, virtual tours, detailed direct mailings, informative open houses, custom-printed color brochures, and extensive publication advertising. 

Integrity

Honesty, good character, fairness, sincerity, and trustworthiness are words her clients use to describe Jennifer. She is a trusted first choice, guaranteeing the most effective marketing, negotiating the most favorable terms and conditions, and communicating well with all involved parties to make the process as smooth and enjoyable as possible. Most importantly, Jennifer’s integrity is intact at all times along with a healthy dose of natural tenacity.

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