I was young once also. Got married in 1969, had a good job, built a house, owned three vehicles, and four boats. Living the good life but it only took about three years for me to realize very little of my paycheck was mine anymore, I was working for everybody else. My wife got a job and we devoted every penny we could toward paying off debt. We drove the same vehicles for seven years and I didn't trade any more boats. It took us five years of doing without and accounting for every dime to get out of dept. That was everything but the house and we put everything into paying it off so two years later, we were 100% dept free. I have been debt free ever since.
Then we decided to sell everything we had, quite the Maintenance Superintendent job I had making very good money, but working 90 hours a week and join the Air Force as and A1C for $760 a month. Uncle Sam funished us all epense paid, extended vactions to Italy, Germany, Sicily and got paid to travel all over Europe and the US for 22 years. I say that because we had the money, even on an Airman's pay when I first went in and the part time jobs we had over there, to travel, see and do most anything we wanted, I also made rank very fast too, so that helped.
Being debt free is the only way to go. You don't have to worry about savings, that becomes automatic. It also leaves you some free money to invest, and generally make a whole lot more than what a dinky savings account pays today.