Hi all, sorry if this has been asked before but I haven’t found a definitive answer after reading some posts. Currently in halfway through my 10 week internship and making pretty good money. As I’m living with my parents, I am saving quite a bit however I don’t have a savings account (I know not a smart idea).

Anyways I was wondering if I should contribute that savings in a savings account or put it in a Roth IRA?

I’m also not finished with school yet (one more year left) and have to pay next years tuition in addition to paying off some student debts but will still have some leftover so was just wondering how I can best maximize this income I am earning.

Should I be focusing on saving it and paying off tuition and debt first, open a savings account(with Ally maybe) or put it in a Roth IRA? My employer doesn’t do 401k and Roth IRA matches for interns so I’m not sure if it’s a smart idea to put it in a Roth IRA when there isn’t free money to be had!

Thank you in advance!