Money Management in Your 30s

Mel Barnes, SVP – Chief Operations Officer

Your 30s is a great time to start looking beyond your immediate bills and financial needs, and look toward the future. Here are three ways to shift your financial focus as you move into your 30s.

  1. Invest beyond your 401(k).
    The key to having money for retirement is investing early in life so your funds have time to grow. If your company offers a matching 401(k) retirement plan and you haven’t begun contributing to it, now is the time to start taking advantage of this free money. Then, once you ensure you receive the full benefit of your employer’s 401(k) match, contribute as much as you can to a Roth IRA.

  2. Be intentional.
    As your income will likely increase as you advance in your career, don’t fall into the trap of spending more. Be intentional with your income and spending, and set priorities. 
    • Start an emergency fund (Goal: three to six months of living expenses).
    • Begin to save for your child’s college (learn more about a 529 plan here). 
    • Funnel more into retirement accounts.
    • Save for vacations, down payments and other short-term goals.
    • Pay off debt.
    Create separate accounts to help manage different goals, and set up auto-deposit for your various accounts whenever possible. It’s time to stop being reactive and be proactive with your finances.

  3. Pay off debt.
    If you have auto loans, student loans or credit card debt, focus on paying off all your non-mortgage debt during your 30s. Interest that is paid towards debt is an additional expense to eliminate so you can save that money. Being debt-free also provides more freedom to save for retirement and other goals as your financial priorities change. For a strategy to pay off debt, check out Dave Ramsey’s Debt Snowball Strategy.

Whether your goal is debt consolidation through a home equity loan or opening a money market account to create an emergency fund, Oklahoma State Bank is here to help. Contact customer care about solutions that may help you reach your goals.

OSB Blog

Get the latest news and financial tips from OSB.


Contact us today for more information.

Customer Care:  405-260-2265

Contact Us

Customer Login   eBankRemote Deposit CaptureCredit CardMerchant ServicesSMS Guardian
Download Mobile Deposit Brochure