Posted 20 January 2013 - 03:11 PM
Pay off the credit cards.
Pay off car loans.
Pay off student debt.
Start a rainy day fund. Start with $1,000, and build it up to a full 6 months of living expenses.
Start to save for a large down payment on a home.
Save enough to pay cash for your next car, do not touch rainy day fund for this.
Pay down mortgage as quickly as possible while saving in roth IRA's at the same time.
Start saving toward retirement as well as college for the kids.
Eat better, cheap food will put you into the dirt.