Six Money Moves Everyone Should Make By Age 40

Instagram/whitelightproject

• Want to save more? Simplify
• $605K bid made with stolen credit card
• Trick yourself into saving
• Housing bias and service animals
• Job market still in the game

If you're in your 40s, you could be considered either a "late baby boomer" or member of "Generation X." Either way, you're at a time in your life when you're putting youth aside and should be doing some financial planning for your future and your family's future.

A dilemma faced by people in their 40s is that they typically need to be saving for college tuition for their kids and putting money into a retirement account while simultaneously buying a house or saving for a down payment. Financial experts can help you sort out where your savings should be going in your 40s.

"Not having a financial plan is actually just having a really bad plan," says Alexa von Tobel, founder and CEO of LearnVest.com in New York. "Every financial plan is specific to the individual, but you should look at your income and set priorities for paying off debt and saving for different needs."

These financial planning tips are meant to help 40-somethings find balance in their hectic lives of spending and debt.