<prompt> Human: Wife 25 and I 25 combine for approximately 7k after taxes per month. Our monthly expenses range from 5800 to 6200, leaving us with roughly 1k on average per month. Wife is a teacher good job security and I work at a nonprofit also have good job security. We have a good emergency fund saved up as well close to 10k.We just bought a house and are currently throwing about 700month in a normal BofA savings account and an extra 300month into the principle of our mortgage. Currently, the only money being sent to a retirement account is my wifes TRA account. Should I be sending a lot of this to a 403b? Somewhere else? Put more into the savings account before? We are looking to have a kid soon which would obviously up our monthly expenses. Any advice would be greatly appreciated.  <response>: Your monthly expenses seem kind of high for how much you make. Have you done a budget to see where your money goes and to look for potential areas to decrease your spending? At your age, you definitely should be saving as much as possible.That being said, I would start by increasing your emergency fund, so it can cover at least 3 months of expenses. People generally recommend 6 months, but 3 is a good goal.After that, you should look into your employer-sponsored retirement plans and also IRAs. I believe the general recommendation is to save at least 15 of your income in retirement plans. 