Reduce your debt
If you have credit card debt, student loan debt or medical bills, your next priority should be to reduce and eventually eliminate that debt so that your income can be channeled into saving and investing for the future.
"If you have credit card debt, you need to work on paying that down as quickly as you can," Corey says. "If you have student loan debt, then you should first look to see if it's tax deductible based on your tax bracket. If not, then you should pay that off as soon as possible, too."
In addition to financial planning, Corey says you should check the interest rates on your credit cards and student loans to see if you can find lower rates.
"If you have a lot of debt, you should be using all available funds to pay it off," Corey says. "If you have a little bit of debt and you have, for example, $2,000 per month for savings, you should use one-third to pay down your debt, and then use the rest for retirement savings."