Meet “Jason”
A new college graduate entering consulting making $90k annually. His goals are to start off on the right foot by reducing debt (specifically student loans and credit cards), increasing short-term savings (i.e. emergency fund), and long-term savings (i.e. retirement).
Success! Jason setup his first budget as a working professional, which includes prioritizing over $800/month towards building an emergency fund. After a year, this $10k/year would go towards retirement.