What's the best way to manage your savings?

Have two categories of savings. You should have a short term savings account to pay for those things that you need eventually but not right away. Put money in that account to save for a car or TV. Then have a long term account that is locked in and you can't get to without real effort. That could be your TSP or some other IRA type plan. Leave it alone until a week before you die and then go crazy!

Figure out exactly how much you need to live, how much you can budget for having fun and make sure whatever is left goes into one of those savings areas.

Leave it alone unless you absolutely need to touch it.

Lock it up into a CD