The first thing you should have is 3–5 mos of current expenses in a current asset account, a saving account or 3 mo CD. Only then do you worry about long term savings. From there you budget how much you are going to save for retirement and purchase savings.
IRAs allow you to invest in the market which over the long term will probably give the best return and give you a current tax benefit, If you put $3000 in an IRA this year and if you are in th 20% tax bracket, you will pay $600 les in taxes this year. The risk at your age is minimal because you are not going to feel any gain or loss for almost 40 years. You’ll withdraw your IRA between 2048 and 2079. If there is a 1987 or 2008 type market drop in 2046, you will ave plenty of time for the rebound. And the $3000 you put in this year will probably be worth $30,000 then.
You should also be accumulating money monthly that will be converted into CD’s. You should shop around for interest rates when you purchase or renew them. The longer the term, usually the better the rate. I have 1 CD that was carrying a rate of 3.1% but upon renewal in August, they only offered 1.5%. Normally I might have taken that money and switched it to another bank but since I will be using it soon I switched it to my savings account so it would be immediately available, The CD savings is life money, down payment on a house, wedding or education expenses, etc.
As you go along you will increase all kinds of savings. You can set goals with the aid of online calculators. Right now it is just important you start with the 3 categories. emergency fund, purpose savings and IRA/retirement.