| Retirement | Contribute to your employer-sponsored retirement plan to at least get the full company match. If you don't have an employer plan, consider saving in an IRA. |
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| Debt | Pay down debt, focusing on nondeductible, high-interest debt like credit cards and personal loans. Prioritize paying off debt in the high teens or above. |
| Emergencies | Build an emergency fund to cover three-to-six months' worth of essential living expenses. Then decide to keep that amount somewhere relatively liquid and safe, like a savings or money market account. |
| Major Long-Term Goals | Consider saving for other long-term goals like a down payment on a home or saving for a child’s education. |
| Fun / Entertainment | Open a dedicated savings account and set up automatic deposits. Even $25 per month adds up! This could include saving for concerts, vacations, and whatever "extras" bring you joy. |