Your 20s and 30s are an incredible time to shape your financial future. While you’re figuring out careers, relationships, and all the ups and downs of adulting, it’s also the perfect window to make smart money moves that set you up for long-term success. The good news? You don’t have to be a finance expert to get started—just focus on a few key goals, and you’ll be miles ahead of the game.

Here’s what to prioritize right now to make sure your money is working as hard as you are.

Build an Emergency Fund

Think of an emergency fund as your financial safety net. Life is unpredictable, and having a stash of cash ready for the unexpected—like medical bills, car repairs, or even a sudden job loss—can prevent you from falling into debt or having to rely on credit cards.

Start by aiming for three to six months of living expenses. If that feels overwhelming, break it into smaller steps—start with $1,000 and build from there. Automate your savings by setting up a monthly transfer to a dedicated savings account, ideally one with a high-interest rate so your money grows a little while it’s parked.

Pay Off High-Interest Debt

High-interest debt, especially from credit cards, can quickly snowball if left unchecked. Paying it down not only saves you money in the long run but also frees up cash for other priorities like investing or saving for your goals.

Two popular strategies can help:

• The Snowball Method focuses on paying off the smallest debt first to build momentum.

• The Avalanche Method prioritizes high-interest debt to save the most money.

Pick the approach that motivates you and stick with it. Bonus tip: If your credit score is decent, you might be able to negotiate a lower interest rate or transfer your balance to a lower-rate card.

Start Investing

Investing might feel intimidating, but starting early gives you a huge advantage. Why? Compound interest. This is the magic of earning returns not just on your initial investment but also on the returns you’ve already made. The earlier you start, the more time your money has to grow.

If your employer offers a 401(k) with matching contributions, prioritize that—it’s essentially free money. If you don’t have access to a 401(k), opening a Roth IRA is a smart move. For those wanting more flexibility or specific strategies, consider automating your brokerage account through platforms like Surmount. Starting small—even with $50 or $100 a month—adds up over time.

Save for Big Life Goals

It’s easy to focus on immediate expenses and forget about the bigger picture, but your future self will thank you for planning ahead. Whether your dream is to buy a home, travel, start a business, or retire early, setting clear goals helps make them achievable.

Break your goals into short-term (1–3 years) and long-term (5+ years) categories. Then, create separate savings accounts for each. Seeing the progress in your “Dream Home Fund” or “Bucket List Travel Fund” can be incredibly motivating.

Increase Your Income

One of the fastest ways to improve your financial situation is by growing your income. Whether it’s through negotiating a raise, picking up a side hustle, or investing in your skills, finding ways to earn more expands your options for saving, investing, and spending.

Consider taking online courses or getting certifications that can boost your value in your field. If you’re not sure where to start, think about what skills your industry needs or explore a hobby that could generate passive income.

Protect What You Have

Insurance might not be the most exciting topic, but it’s an essential part of financial planning. The goal is to protect yourself from major setbacks that could wipe out your savings. Start with health insurance and auto insurance, and if you have dependents, life insurance is a must.

Shop around to find the best rates, and consider bundling policies for discounts. It’s also worth reviewing your coverage annually to ensure you’re not overpaying or missing key protections.

Keep Learning

Financial literacy isn’t something you master overnight—it’s a skill you can build over time. The more you understand about money, the better equipped you’ll be to make decisions that align with your goals.

Explore books, blogs, and podcasts that break down financial topics in a way that resonates with you. Tools like budgeting apps or investment trackers can also make managing your money more intuitive. Staying curious and open to learning ensures you’ll adapt as your financial situation evolves.

Wrapping It Up

Your 20s and 30s are all about setting the stage for a strong financial future. By focusing on the essentials—saving, investing, paying off debt, and planning for the big stuff—you’re not just securing a more comfortable future; you’re giving yourself peace of mind today.

Remember, building wealth isn’t about perfection—it’s about progress. Start small, stay consistent, and watch how the little habits you build now lead to major wins down the road.

Disclaimer: The information presented is for educational purposes only and not an offer or solicitation for any specific investments. Investments involve risk and are not guaranteed. Consult with a financial adviser before making any investment decisions. Past performance does not guarantee future results.