How much money in the bank at 30?

Many wonder how much money they should have in the bank at 30 to ensure a stable financial future. The answer depends on various factors such as income, expenses, long-term goals, and the level of risk you are willing to bear. In this article, we'll look at different scenarios and provide advice on how to best manage your money to achieve your long-term financial goals.

Income and expenses:

Income is one of the main factors that determine how much money you should have in the bank at age 30. In general, it is recommended to have at least six months of monthly expenses in emergency reserves. This means that if your monthly expenses are $2,000, you should have at least $12,000 in emergency reserves. However, if your income is unstable or you are at risk of losing your job, you may want to increase this amount.

In addition, at 30 you should start considering long-term goals such as buying a home, creating a retirement fund, and paying off debts. If you have long-term goals, you should have a financial plan in place to achieve them.

Investments and savings:

In addition to keeping money in the bank for emergency expenses, you should also consider investing a portion of your money. There are different types of investments available, such as mutual funds, stocks, bonds, and real estate. You should choose a type of investment that suits your level of risk and long-term goals.

As for saving, you should always try to save a portion of your income each month. Even if it's only 10% of your income, this can accumulate over time and help you achieve your long-term financial goals. You can also consider opening a high-yield savings account or money market account to increase your passive income.


At 30, it is important to have good debt management. If you have high-interest debt such as student loans or credit cards, you should focus on eliminating them. There are several strategies for managing debts such as the "avalanche" method which focuses on eliminating high-interest debts before others, or the "snowball" method which focuses on eliminating smaller debts to achieve a series of small successes.

In any case, it's important to have a plan to manage your debts and make sure you always pay at least the minimum payment each month to avoid accumulating interest.


At 30, you should start thinking about your financial goals.

  1. How much should you have in the bank at 30?

3.1. Savings goals by age

Depending on your age, there are different recommendations on how much you should have saved in the bank. At 30, most experts agree that you should have at least a year's salary saved. This means that, if you earn $30,000 a year, you should have at least $30,000 in the bank.

However, there is no universal formula for how much you should have saved at 30, as it depends on your personal circumstances. For example, if you have debts like mortgages or student loans, you may have less savings in the bank. On the other hand, if you are an entrepreneur or self-employed, you may need to have more savings in the bank to deal with periods of low earnings.

3.2. How to save money

Here are some tips on how to save money to have enough in the bank at 30:

  • Set savings goals: Set realistic savings goals and plan how to achieve them. For example, you might decide to save 10% of your salary each month.
  • Reduce expenses: Try to reduce your monthly expenses by cutting unnecessary expenses such as unnecessary subscriptions or expensive meals out of the home.
  • Create an emergency fund: Set aside an emergency fund of at least 3-6 months of monthly expenses to deal with any contingencies such as job loss or unexpected medical expenses.
  • Invest in a deposit account: If you've already saved enough for an emergency fund, consider investing in a deposit account to get a better return than traditional checking accounts.
  • Plan for the future: If you have long-term financial goals like buying a home or saving for retirement, start planning and saving for these goals now.

3.3. Advice on how to invest your savings

Once you've saved enough money, you might consider investing it to get a better return than deposit accounts. Here are some tips on how to invest your savings:

  • Invest in a mutual fund: Mutual funds allow you to invest in a variety of stocks and bonds with a single investment. This allows you to diversify your investment portfolio and reduce the risk of losing all your money in one company.
  • Invest in stocks: If you have a good understanding of the stock market, you might consider investing in stocks. Keep
  1. Start investing

To increase your savings, it can be useful to start investing. This allows you to grow your assets over time, obtaining higher returns than classic bank accounts.

There are several investment instruments, each with its own characteristics and risks. Before investing, it is important to do a thorough research on the chosen product and understand the risks associated with it.

Some common investment instruments are:

  • Mutual funds: are funds managed by professionals who invest in a diversified portfolio of financial instruments. Mutual funds can be equity, bond, mixed or alternatively managed. The performance of the fund depends on the performance of the securities in which the fund invests.
  • Shares: Shares represent the property of a part of a company. Shareholders can earn by paying dividends (part of the company's profits) or by increasing the value of the shares on the market.
  • Bonds: Bonds represent loans that an investor makes to a company or a state. In return, the investor receives periodic interest (coupons) and repayment of principal at maturity of the bond.
  • ETFs: ETFs (Exchange Traded Funds) are funds that track the performance of a benchmark index. ETFs can be bought and sold on the stock exchange as if they were shares, and allow you to invest in a diversified portfolio of securities.
  • Cryptocurrencies: Cryptocurrencies are digital currencies that use cryptography to ensure their security and traceability. Cryptocurrencies are often considered high-risk investments, but they have gained increasing popularity in recent years.
  1. Review your financial plan periodically

Finally, it is important to periodically review your financial plan and make any changes based on your needs and market conditions.

Long-term goals may change over time, or economic conditions may require diversification of the investment portfolio.

In addition, it is important to monitor your accounts and investments, to always be aware of your personal financial situation.


At 30, having a good financial situation depends above all on the choices you make in terms of saving and investing.

To achieve your financial goals, it's crucial to create a detailed financial plan, understand your expenses and revenues, save constantly, reduce debt, and invest carefully.

However, it is also important not to forget to enjoy life and give yourself small satisfactions, without compromising your situation.

In addition, financial stability and independence are also important objectives to pursue. Having an emergency fund of at least three to six months of essential expenses can help prevent unexpected financial distress, such as losing your job or having a major medical expense.

In addition, investing in a house or other real estate property can be a good way to build wealth over the long term and get a return on investment. Diversifying investments across different asset classes, such as stocks, bonds, mutual funds and commodities, can also help reduce the risk of loss.

Finally, it is important to remember that each person has a unique financial situation and investment choices must be tailored to their needs and goals. Consulting a professional financial advisor can help identify the best investment opportunities and develop a personalized investment strategy.

In conclusion, there is no simple answer to the question of how much money in the bank to have at 30. However, having a good understanding of your short- and long-term financial goals, as well as the investment options available, can help build a solid and sustainable financial foundation for the future.