How much money Americans in their 30s saved in 2023—and how to save more, according to a CFP

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Despite various financial burdens, people in their 30s managed to save the most out of any age group last year — and here’s how they can save even more…

In your 30s, your list of financial burdens is probably growing, including everything from paying for child care to saving up for a first home.Those in their 30s socked away an average of over $9,800 last year. While that number is lower than their goal of saving around $12,000, it's still much higher than the average amount saved by those in their 40s, who came in second on the list with around $6,900 in average savings.

If you're in your 30s and want to save more this year, here are two strategies to help stash away more cash.last year."The easiest way to establish that habit is to take it out of your own hands and automate it." Knowing what you want to do with your money is essential for a healthy financial life. It may sound simple, but creating a plan and setting clear money goals can give those in their 30s a sense of purpose when dealing with their finances.

 

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