5 Money Mistakes to Avoid in Your 30s

4. Saving, but not investing

One of the costliest mistakes individuals in their 30s can make is relying solely on savings accounts with a 4 percent return to meet their future financial needs. Such a low yield may not be sufficient to outpace inflation, potentially impacting long-term savings goals. Once committed to investing, the critical next step is selecting the appropriate product or asset class for investment. Many individuals in this stage often struggle to choose between stocks and real estate. Historically, stocks have shown superior performance compared to real estate over an extended period, highlighting the significance of this decision in long-term financial planning.