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While you should build up your emergency savings fund first the minute you get this accomplished need to think about saving for retirement. If your company offers a 401(k) and you haven't yet signed up you need to do this immediately. This is especially true if it offers matching funds, which is basically free money. If your company doesn't offer a 401(k) then open either a conventional or Roth IRA. The difference between the two is fairly simple. The money you contribute to a conventional IRA is pretax, which means you don't have to pay tax on it at the time but you will when you reach age 55 and begin making withdrawals. In comparison, your contributions to a Roth IRA are taxable but when you reach 55 and begin withdrawing the money it's tax-free. The maximum amount you can contribute to an IRA this year is $5500. Don't feel bad if you can't contribute this much. Contribute whatever you can and then plan to step up your contributions as your income increases.
Think about a Christmas fund
It also wouldn't be a bad idea to start a Christmas fund to make sure you don't end up piling on debt this year. When I was young banks offered what was called a Christmas Club where you deposited a certain amount each month so you'd have money saved to pay for Christmas. Christmas Clubs were great for banks because they didn't pay any interest. They're gone now and probably for that reason. However, you could have your own by creating a special savings account and then have a certain amount of money automatically transferred into it from your checking account every payday. If you save were to just $30 per payday you'd have somewhere around $660 when Christmas rolls around. Wouldn't it feel pretty good to know that your Christmas is prepaid and that when January 2017 rolls around you won't have to dread opening those credit card bills?