Have a Budget: Remember that it is important to have a formal or informal budget to determine where and how you want to spend your money. You will need to know how much you plan on putting away and how you are going to adjust. It is furthermore helpful to know where you want to place your saved money.
Have a Goal: You better know what you want to do if you desire to accomplish it. If you plan on putting about 7% of your income or you would like to save $10K then you should have some targets to shoot for. This may determine what investment vehicles you choose.
Study the Options: Study the options for saving such as checking/saving accounts which have relatively low interest returns but allow for the ability to withdraw if you have a problem. If you are doing well in your saving plan you may desire to invest in your 401K or Roth IRA retirement funds-review tax benefits. Finally, if you want to be more aggressive and still have arms length needs for your money think individual stocks or ETFs.