The order for saving money
- Emergency fund: 3–6 months of living costs in a parking account. It keeps you from using loans or card loans in a pinch.
- Clear high-rate debt: paying off debt above 10% interest is the surest return. See debt payoff order.
- Tax-advantaged accounts: youth savings programs for young people; pension savings, IRP (tax credits) and ISA for workers
- Long-term investing: put the rest into ETF regular investing