For many people in their 30s, the decade can feel “lost” and unnerving in a variety of ways. Friends get married, people move away for better opportunities. It’s a time of great change.

It’s also the time when employers are tough and very selective. You end up putting in a lot of late-night hours, trying to learn more and prove yourself on the job. There seems to be no financial problem that can’t be fixed by taking on more hours, working weekends or a part-time second job.

Stop right there: Working more is not the answer. In fact, once you start a family that’s off the table completely, if you value your relationship.

Here are some financial planning targets to consider in your 30s:

1. If you’re not saving, you’re losing time

Compounding is the greatest force in the financial universe by far. A dollar you save today is $2 in 10 years, then that $2 becomes $4 and then it turns into $8. If you have managed to get to your 30s with a relatively paltry superannuation balance, it’s time to step things up.

2. Pay off bad debt

If you have bad debt or old debt, you will need to clean it up and pay it off, especially if you are preparing to buy a house. You need to clean up your credit history. Bad debt is debt that you are not current on or you have stopped paying on. Often this debt is in collections. If you work carefully you may be able to negotiate to pay less than you owe, since many collection companies buy the bad debts for much less than you owe.

3.  Who suffers financially if you die?

This is a biggie. If you live alone, chances are you don’t need life insurance. But if you are the breadwinner, have kids or both, could your surviving spouse continue comfortably in your absence? Buying or reviewing your insurances can bring you peace of mind.

4. Leaving a job? Roll over your superannuation

People often job-hop in their 30s, looking for the right spot to grow and increase their value to a future employer. But that can result in a patchwork of superannuation funds at several past employers. Better to review your superannuation plans and amalgamate them into the one.

5. Plan for what’s next

Retirement might seem a long way off, but it really isn’t. You are likely to earn more with each passing year, so the key to building up a powerful retirement plan is to slowly increase your total savings as well. Avoid increasing your “lifestyle” charge and instead look for ways to live better while saving smarter.

A decade down the line, you’ll be amazed at how many zeroes there are in your superannuation. And that offers you unmatched peace of mind.