Now that we are set up with an emergency fund and budget in place it is now time to start getting rid of all your consumer debts and paying off any loans that you may have along with paying off car payments and if possible any student loans.
You can really start with whichever debt you like.
You could start paying off the smallest debt as this will allow you to see some debt repaid early this quick pay off of one of your debts can provide good motivation early on, that will allow you to stick to your debt reduction plan. Once this first debt is paid off this will then allow you to concentrate the money saved on the first debt to repay your next biggest debt. You can then continue this method to pay off all your remaining debts until they are all paid off. This should leave you with plenty of income to spend to build up your retirement or to save towards a house or other goal.