<prompt> Human: My parents have done a really great job of setting money aside for retirement and I do understand the importance of a 401k. I already contribute 11 to my 401K and my parents say I should be contributing 15 now that I got a raise. I have about 5K in CC debt and I think I should focus on that as well as setting money aside for a rainy day fund. The raise means I have about 700 extra per month to play around with.  <response>: Reduce 401K to whatever the full match percentage is, pay off your credit card debt, and then bump it back up to 15, or make up the difference in an IRA. 