2/ Start by saving for retirement
Waiting to start saving for retirement until you’ve paid off your debts can cost you more in the long run. It’s best to start putting money into a retirement account now. The longer you wait to save for retirement, the more you’ll have to save to reach the same amount later in life.
You’ll save more for retirement through compound interest. Plus, you’ll enjoy greater tax benefits by transferring some of your hard-earned money into a retirement account rather than giving it to the government.