<prompt> Human: Hi guys. Im a teacher and 14 of my monthly income is put towards the state retirement system. Im wanting to start contributing 100-200 per month towards savings for incidentals if they dont come up, retirement. I already have a savings account, but dont really contribute to it unless I get a nice tax refund or money for holidays or birthdays.Would you recommend automatically transferring a portion of my monthly income towards my existing savings account, or should I open something like an IRA?EDIT: I just got to thinking... Or should I contribute that extra 100-200 towards my car payment which should be paid off in 2yr?  <response>: Have you read the FAQ? 