6 Reasons to Love Your 30s

byNoelle Woon
  • Oct 01, 2020
  • 6 mins

Many dread to bid adieu to their 20s when they hit the big 3-0. But being in your 30s isn’t as bad as you may think it to be! In fact, it’s the start of a new decade with so much more to look forward to. 

Think you’ve tasted the peak of your life in your 20s? Newsflash! You haven’t seen nothin’ yet. 

Your 30s is the beginning of a new kind of freedom — yup, not the end of your youth — and there are plenty of reasons why you should embrace this stage of your life. 

1. Say hello to grown-up income and savings

You’re no longer a fresh grad with mere pennies in your bank and a huge student loan to pay off. Gone are the days when you’d live off your entry-level pay! Now that you’re in your 30s and moving up in your career, you have more disposable income on your hands to really start planning for your future. 

With more money to spare, you are now able to afford a more comfortable lifestyle. You don’t need to scrimp as much as before and you don’t beat yourself up for spending on that Starbucks cup when you want to treat yourself!

2. You’ve found your place in the workplace

As a 30-year-old you

Remember when you first graduated and didn’t even know what you wanted to do with your life? What career path should you take? How do you excel in the workplace?

When you’re in your 30s, you’re no longer just trying to “figure it out”. At work, you’re not just the “young one” in the department — you have employees under you. You have a clearer sense of where your career is headed towards and you don’t find yourself struggling to answer “have you found a job yet?” at CNY gatherings. 

Boy, are we glad those days are over!

3. You’re more invested in your health and well-being

When you hit your 30s, you start to put self-care at the top of your priority list. You realise the importance of taking more ownership of your general well-being by exercising regularly and pay-ing attention to what you eat especially when you know this can have an impact on your insurance premiums. Gone are the days when you used to think you were invincible. 

4. You’re better insured

With more life experience and a more comfortable income, you now know how to better discern which policies are the best for you and are able to apply for insurance plans to better address your needs and keep you on track for life’s milestones.

In your 30s, you

At this stage of your life, it's also important to remember the importance of planning for your long-term care as one can develop a disability at any point. Long-term care generally refers to non-medical care for people who need the assistance of caregivers to perform basic Activities of Daily Living (ADLs) such as washing, dressing, feeding, toileting, walking or moving around, and transferring.

Buying long-term care insurance as early as possible is hence important as you won’t qualify if you already have a debilitating condition. Developing a disability may not only cause a strain on your personal finances, but also lead to financial, psychological and physical challenges for your loved ones.

Luckily, if you hit 30 from 2020 onwards, you’re automatically enrolled into CareShield Life if you are a Singaporean Citizen or Permanent Resident! It doesn’t matter if you have pre-existing conditions — you’ll still be part of this scheme! Those born in 1980 or later are also included for CareShield Life.
With CareShield Life, you’ll enjoy coverage for basic long-term care needs. For instance, payouts will be given to those who are severely disabled and are unable to perform 3 or more Activities of Daily Living (ADLs), starting at $600 a month in 2020. These payouts will increase over time depending on the year that you became severely disabled. What’s more - as CareShield Life premiums are payable by MediSave, there’s no out-of-pocket expenses involved to start protecting your long-term healthcare needs.

For even greater health security, consider supplementing your CareShield Life plan with Income’s Care Secure.

Care Secure aims to help you achieve greater health security with lifetime coverage and comprehensive benefits by supplementing your monthly disability benefits for life in the event you become disabled and are unable to perform at least 2 or more ADLs. You also will not need to worry about your premium payments as they will be waived in the event that you become moderately or severely disabled.

Care Secure also offers an additional support benefit of up to 600% of the disability benefit to help you on your recovery journey, and if you become disabled and have at least one dependant, you will receive 25% of the disability benefit as Dependant Benefit every month for up to 36 months in your lifetime.

5. You know how to plan your finances more wisely 

After earning your own income for a number of years, you would’ve been a little more financially savvy than before. Insurance? Investments? Interest rates? These are no longer foreign terms to you. 

Being more knowledgeable about your finances means you can make better decisions. You have a clearer idea on how to budget, save, and how much you can invest. Being more financially prepared also means you’ll be ready for every stage of your life and are not clueless about what to expect in the future. 

6. People take you more seriously

Remember how frustrating it felt when no one took you seriously when you were younger? Well, in your 30s, that changes. 

After being in the workplace for a while, people stop seeing you as “just a kid” who doesn’t know anything about the “real world”. Now, your opinions matter and there’s more weight behind your words. One of the perks of being 30 and older is the respect you gain from others. 

I don’t know about you, but that feels good, doesn’t it?

7. You’re surrounded by people who truly care 

By the time you’re 30, you’ve already weeded out toxic relationships and friendships. You’ll find that your social circle is more streamlined and you don’t have to be at every party or birthday celebration. Those who truly care for you will stick around and there’s definitely less drama you’ll have to deal with. If anything, that’s something worth toasting to in your 30s.

In your 30s, you

Society makes a big deal out of turning 30. But the reality isn’t as bleak as you might think. Your 30s are truly the best time of your life! You’re more sure of yourself, you’ve got more savings, and your health is better taken care of — what’s there not to love? 

If you’re in your 30s and you feel like your financial life and healthcare coverage isn’t quite “there” yet, not to worry! There are lots of resources you can tap on to take action now and help you fully enjoy this decade of your life.

Speak to a financial advisor to learn how to be prepared for your 30s and even your 40s

Important Notes:
This article is meant purely for informational purposes and should not be relied upon as financial advice. The precise terms, conditions and exclusions of any Income products mentioned are specified in their respective policy contracts. For customised advice to suit your specific needs, consult an Income insurance advisor.

This advertisement has not been reviewed by the Monetary Authority of Singapore. 

Tags: Millennials

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