As of right this second, any extra dollar I have is going towards paying off debt. I want to be debt free before I put a penny in a retirement or savings account.
The scary thing is, I don't know what to do. I have this fear of saving up all this money and then poof, it's all gone. Not because I spent it, but for some crazy government or corrupt bank reason.
I feel ok right now knowing my social security deductions are taking care of people like my parents and older relatives who did their time. It is still unfair that what should have been a guaranteed payment is treated as an entitlement.
I have three kids and as much as I would like them to get a city/state college education, I wouldn't get in their way if they were accepted to a prestigious university.
Until then, I will be using those extra pennies to get an extra gallon of milk.