Savings Plan after High School and College
Once you've graduated from college your financial situation will change so the best way to prepare for it is: 1. have a fully funded emergency fund ready ($1,000) 2. (if in college) look for and apply to as many scholarship offers as you can to lower the amount of money spent for books and tuition. These two things should be in place throughout your entire college career. Once you've graduated from college flip the "High School savings plan" steps. Basically continue keeping $10, $15 or $20 a paycheck for yourself but then transfer half of what you have in your money market to your savings and checking and put 85% of what you make in  your savings account. Reason for this is your money will be a lot more accessible in a savings account rather than in a money market. Then with the other 15% put that into your money market account.