Managing money can be challenging for people of all ages, but it’s especially hard when you’re young. You may not have much knowledge about many of the accounts where you can put your money.

Since you’re just starting out, you probably also don’t want to do anything that will leave your savings at risk.

Everyone handles money a bit differently, but there are a few tried-and-true strategies. Below, you’ll find safe places for young adults to put their money.

1. An emergency fund in a high-yield savings account

When you start saving money, the first priority should be building an emergency fund. This is your safety net for all that can go wrong in life. It’s not exactly exciting, like investing. But you’ll be glad you have one if your car breaks down or your work hours get cut.

The standard guideline on emergency funds is to save enough to cover three to six months of living expenses. If you have $3,000 in expenses per month, you’d aim for $9,000 to $18,000 in emergency savings.