According to a recent study entering 30’s can be a huge loss to your pocket with all the new responsibilities in your life and the stress of saying bye bye to your youth days, there are a hell lot of problems turning up. Just when you start to feel that everything is right and you don’t have to spend much, you have this news right in front of you.
There is one year in your life when you are like to spend the most money – when you turn 31. No longer really considered a young adult, 31 is typically considered a solidly adult age, which makes sense when you consider just how much money you’ll have to spend.
ALSO READ: Irrfan Khan diagnosed with a neuroendocrine tumour: Here’s everything you need to…
31-year-olds don’t just blow their savings for the fun of it. Their year is filled with expensive special occasions that require a significant expenditure. The biggest expense at this age is undoubted, getting married.
According to the reports, 27 percent of those surveyed said that getting married was by far the most expensive event of your 31st year of life. Unfortunately, buying a house wasn’t far behind – with 25 percent considering this to be the biggest expense.
Babies are also pretty expensive endeavours, a fact 20 percent of those surveyed agreed with. Also, we all want to treat our loved one to a vacation after all the money pressure, 14 percent said going on a honeymoon was the biggest expense of the year. The good news is you’ll likely have your parents to lessen the burden, as 33 percent of 25 to 34-year-olds revealed they still receive financial help from their parents.