If you have been out of college for a few years and have paid back all of those private / public loans, than it's time to start planning for your future. Here are three (3) great ways to set yourself up for success.
Tip #1 - Setup a savings account. Each month you should deposit a portion of your salary to your savings account and you should not touch these funds. Basically you are trying to build a cushion of savings for yourself, in case you decide to change careers, start a family etc.
Tip #2 - Diversify where you invest your monies. This means, consider placing money into mutual funds, which often pay higher yields than regular bank interest rates, and also look at other opportunities that are out there, including real estate and new business opportunities. The more forward thinking you are, the better your chance for success.
Tip #3 - Enjoy some of your extra money. While you save a portion of your money and invest another portion, make sure you still have some to spend on yourself. Whether you want to catch a new movie
or want to buy a new fashionable umbrella
or want to splurge on a fancy meal, you have earned the right to do so (just don't go crazy with the extra cash).