Here’s what personal finance experts recommend you do with your money from your 20s to your 80s.

Personal finance is a lifelong journey that evolves with each passing decade.

As you get older, your financial needs inevitably change and can become more complex.

A woman wearing glasses and a white blouse works intently on her laptop at a home office. She is holding a pen and has an open notebook beside her

So too must your approach to money.

The easiest place to start is with your employers retirement savings option if you have one.

If your employer offers a retirement savings match, take it.

Two people, one with short dark hair and the other with shoulder-length light hair, are standing close together and smiling broadly on a rooftop

Think intentionally about the kinds of spending values you want to live by.

Build an emergency fund that can sustain you for at least a few months if needed.

In your 40s

Sign up for term insurance if you dont already have it, Torres said.

A man and woman sit on a couch smiling and looking at a tablet. The woman holds a notebook and pen while the man wears glasses

By now, you may have dependents that rely on you for income.

Ensure your policy provides enough protection to your loved ones.

The living benefits could provide retirement and income streams.

A man sits at a desk reading documents, with a laptop, notebook, and headphones nearby, suggesting a home office or remote work setting

Figure out how much youll need and adjust your savings accordingly.

Look into health care and long-term care options.

Consider downsizing if it makes sense.

A person sits at a table using a calculator, surrounded by receipts and documents, likely managing finances

And you also have the time to make adjustments that can make a difference in your remaining working years.

Be sure to manage your expenses so you’re able to extend your wealth.

This is a great time to review or set up an estate plan.

A man inspects suits in a clothing store. The image conveys a professional atmosphere, suggesting relevance to career or money-focused topics

Be mindful of your budget to avoid overspending with less money coming in.

Youre hopefully in good enough health to cross items off your bucket list, Andrews said.

You now have the freedom to use your time and money for the go-go years of your retirement.

An elderly man and woman sit at a kitchen counter, reviewing documents and using a laptop, possibly discussing finances or work-related matters

Otherwise, think about your legacy.

Reflect on a life well-lived and what made your life better, Grewal said.

Piggy bank, calculator, and pen on top of financial reports with graphs and charts