My current goal is to save up as much money as I can now, while I'm a CFI. I'm working two jobs and moving home (which is closer to both jobs). While there I'm going to try my best to put all of the money from the second job (about $1000 per month) into the bank. I'm making enough now to pay the bills, but after I pick up more students, I'm going to start putting the excess in the bank as well. I'd like to have about 15-20k saved up in the next two years so I can live in something nicer than a crashpad, start my retirement investments, and still have a few thousand as "just in case" money.
Oh, I also drive an old car that's been paid for for 5 years and costs next to nothing to insure. I'm also going to live like I'm making less than I really am so I don't exceed my means.