A common reaction to making money is spending money. But before you spend your paychecks, put some thought and effort into a proper saving strategy.
A good start to your savings plan, before putting money into hard-to-touch investments, is to create an emergency fund. Your emergency fund should cover three to six months worth of living expenses, enough to see you through a difficult financial time. In the early years of your saving, it’s a good idea to keep your assets liquid so that you’re able to access them at any time.
Once you're more comfortable with your saving plan, it might be a good time to start investigating other options like CDs and IRAs to start earning more interest on your savings.