Prioritize paying off debts with high interest rates, such as credit card balances or student loans.
If your employer offers a retirement plan like a 401(k), aim to contribute at least the amount they match.
Develop a comprehensive plan for your finances, including savings, investments, and retirement planning.
Reassess your budget to accommodate your new income level.
If you haven't been able to save much for retirement due to other financial obligations, now is a good time to start.
HSAs are a great way to save for future medical expenses while reducing your taxable income.
If your increased income still qualifies you for a Roth IRA, consider contributing. This type of account offers tax-free growth and withdrawals, making it a valuable tool for retirement savings.