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[quote=Anonymous]Sounds like you are doing fairly well so far - having a savings account.   
rule 1 - live beneath your means.  Right now that means don't spend more than your salary.  typical traps are paying for fancy new cell phones and service, too many happy hours/restaurant meals, buying a new car or a car (avoid if possible), paying for cable.   If you aren't good at it already, learn how to say no to things you can't afford.

2. Pay off your loans ASAP - it will make you feel great.   THe higher the interest rate on them, the faster you should pay them off.

3. Interest rates on savings accounts aren't great, but a savings account is safe, and it's nice to have an emergency fund cushion.   Once you get more funds, open a Vanguard account and you can put savings into a money market account there.

4. Yes, fund 401k and IRA, but also pay off loans as high priority.

5. once you are debt free, start saving more - fully funding 401k and IRA and then investing.   Figure out your financial goals (house? trips? marriage? kids?) and make a plan to get there.

good luck.  [/quote]

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