If you recently landed your first real job, congratulations. If you are still looking, hang in there. This economy will improve and before you know it you will be gainfully employed. I was fortunate to receive some advice when I got my first job 16 years ago. I was told to set aside 10-15% of my income and direct it to my employer's 401k plan. I'm glad I took that advice and now I'm passing it on. Time is on your side, so don't waste this powerful opportunity to begin creating wealth. Plus, you won't miss that money once you establish this disciplined routine. I can't tell you how many of my peers are just now getting serious about saving. Sure, they can probably make it work, but they have to work twice as hard to catch up with me. So, don't waste another day, start saving now. If you can do more than your 401k, then open a taxable investment account and direct more funds there. Every time you get a raise, bump up your savings percentage. You won't regret it and you will be well on your way to building a secure future for yourself. Good luck and welcome to the workforce.