7 Money Moves to Make before Age 35

Your twenties and early thirties are some of the most powerful years for building long term wealth. Small decisions made now can have an outsized impact later. If you want to set your future self up for success, here are seven smart money moves to prioritize before age 35.

1. Build an emergency fund
Before investing aggressively, aim to save at least three months of essential expenses. This protects you from relying on high interest debt when life happens.

2. Start investing early
Time in the market matters more than timing the market. Even modest monthly contributions to your TFSA or RRSP can compound significantly over decades.

3. Protect your income
Your ability to earn is your biggest asset. Disability insurance is often overlooked but critically important during your working years.

4. Get the right life insurance in place
If you have a partner, children, or shared debts, proper coverage is key. Locking in coverage while young and healthy often means lower premiums.

5. Pay down high interest debt
Credit cards and high interest loans can quietly erode your financial progress. Prioritize paying these down before focusing heavily on investing.

6. Take advantage of employer matching
If your workplace offers a group RRSP match, contribute enough to receive the full match. It is essentially free money.

7. Create a simple financial plan
You do not need perfection, just direction. Knowing your monthly savings target and long term goals helps keep your decisions aligned.

The earlier you build these habits, the easier wealth building becomes. Your future self will thank you. We can help you put together a plan for the future.