Make a contribution to a 529 Plan to fund a child's education. Determine whether your state offers any tax benefits for enrolling. If not, you can choose any state's plan. Iowa and Utah offer excellent plans, or you can open a 529 through Vanguard.
Take the time to review your monthly credit card statement. Make sure all charges are legitimate, and all of your automatic payments are being applied correctly.
Review your monthly bank statements. Make sure all of your direct deposits, auto-transfers, and auto-payments have been applied correctly.
After maxing out your Roth IRA and retirement plan at work, if you still have money to invest, consider a taxable brokerage account. If you have more than $10,000 to invest, Vanguard offers several tax-managed fund.
A simple budget is the 50-30-20 plan: 50% of your take home pay goes toward your housing, utilities, car, and food, 30% goes toward extra expenses, such as clothing, eating out, etc., and 20% goes toward your savings goals. Setting up an automatic transfer of 20% of your take home pay to an online savings account is a great way to start saving.
Visit the U.S. Securities and Exchange Commission investor information site at www.investor.gov for basic information on investing.
Adjust your asset allocation to match your risk tolerance. If you are 25 or more years from retirement, you should have around 90% of your holdings in stocks, and no more than 10% of your holdings in bonds. By the time you reach retirement age, only 25% to 50% of your holdings should be in stocks, and 50% to 75% of your holdings should be in bonds.
Make a contribution to your spouse's Roth IRA. In general, if you are married filing jointly and your adjusted gross income is under $178,000, you can contribute the full amount to a Roth IRA. For 2013, the contribution limit is $5,500 (or $6,500 if you are over 50). Contributions to a Roth IRA are made with after-tax money, so these accounts are tax free.
Sell your unwanted or unneeded items on eBay or Craigslist. Put the proceeds to work by saving and investing.
Review your renter's insurance needs. Make sure your personal possessions are adequately covered. Consider raising your deductible to save on premiums.