Financial Planning in Your Thirties

Navigating finances in your 30’s can be especially complex because of significant milestones such as career advancement, potential marriage, parenthood, and the pursuit of homeownership. This phase presents both opportunities and challenges that demand strategic financial planning to build a strong foundation for your future.

Here, you can find guidance tailored specifically to help you through the financial complexities that come with your 30’s. We’ll cover clarifying your career path, investing/saving for retirement in your 30’s, and some risk management strategies.

Clarify Your Career Path

Your 30’s are a crucial time for clarifying your long-term career path. Having ideally explored various career opportunities in your 20’s, you can now narrow your focus to areas where both success and happiness are likely. 

This phase of life also demands an intentional effort to refine both your technical and soft skills, so you can begin to advance professionally. The combination of these skills with the professional habits you developed in your 20’s, will give you a competitive edge in your career.

Once you have honed in your career focus and set yourself up for success in your role, you can start to envision your professional growth trajectory. Forming a clear and realistic career path is crucial for developing a financial plan. To best plan for your future, it can help to set your financial goals to align closely with your anticipated career path.

Develop A Near & Long-Term Retirement Plan

While retirement might seem distant in your 30’s, it’s never too early to start planning. There are simple steps that you can take now to help you prepare for your future.

You can start by learning to balance your short-term desire to consume and your long-term financial commitments and responsibilities. While financial pressures of family, homeownership, etc. can be challenging, stay disciplined with your spending, budgeting, and savings.

Additionally, leveraging the tax savings associated with tax-advantaged accounts such as 401(k)s and IRAs, while avoiding the financial setbacks associated with high-interest credit cards and unnecessary loans can be beneficial for you long-term.

Taking these few simple steps in your 30’s can help you create a habit of thinking and planning for your retirement. Starting now can help you have a much easier time achieving your financial goals.

Manage Risks

As life progresses and responsibilities grow, transferring risk becomes more important. Make sure you have appropriate types of insurance and coverage amounts for your specific circumstances.

Seeking the advice from a  financial professional can help you gain an understanding of life and disability insurance. It is important to beware when consulting professionals, as many of them sell products and may have an agenda behind their advice. Consider specifically seeking the advice of a fee-only financial professional because they do not sell any products and can therefore offer objective advice on how to manage this risk.

Beyond insurance, executing essential estate documents, including wills, power of attorney, and healthcare directives, can help protect the welfare of your children and efficient transfer of assets to the next generation.

Financial planning in your 30’s helps lay the groundwork for a prosperous future. By prioritizing planning and maintaining focus, you can start towards a path of financial success in the years to come.




For more helpful content delivered directly to your inbox, sign up for our newsletter at the bottom of the page.


certified financial planner Marshall Clay wears a gray jacket and white shirt while posing for professional photo in office

Marshall Clay CFP, J.D., is a Partner and Senior Advisor at The Welch Group, LLC, specializing in providing Fee-Only investment management and financial advice to families throughout the United States. Marshall is a graduate of the United States Military Academy in West Point, New York, the Cumberland School of Law in Birmingham, Alabama, and is a CERTIFIED FINANCIAL PLANNER™.  In addition, Marshall is a frequent guest on local television stations as an expert on various financial planning matters.



Please remember that past performance may not be indicative of future results.  Different types of investments involve varying degrees of risk, and there can be no assurance that the future performance of any specific investment, investment strategy, or product (including the investments and/or investment strategies recommended or undertaken by The Welch Group, LLC [“Welch”]), or any non-investment related content, made reference to directly or indirectly in this blog will be profitable, equal any corresponding indicated historical performance level(s), be suitable for your portfolio or individual situation, or prove successful.  Due to various factors, including changing market conditions and/or applicable laws, the content may no longer be reflective of current opinions or positions.  Moreover, you should not assume that any discussion or information contained in this blog serves as the receipt of, or as a substitute for, personalized investment advice from Welch. To the extent that a reader has any questions regarding the applicability of any specific issue discussed above to his/her individual situation, he/she is encouraged to consult with the professional advisor of his/her choosing. Welch is neither a law firm nor a certified public accounting firm and no portion of the blog content should be construed as legal or accounting advice. A copy of Welch’s current written disclosure Brochure discussing our advisory services and fees is available for review upon request or at  Please Note: Welch does not make any representations or warranties as to the accuracy, timeliness, suitability, completeness, or relevance of any information prepared by any unaffiliated third party, whether linked to Welch’s website or blog or incorporated herein and takes no responsibility for any such content. All such information is provided solely for convenience purposes only and all users thereof should be guided accordingly.