re: Just started my first Job out of college

Yea but I am gonna be getting engaged within the next year so the way I see it I can only live cheap for about two more years and then I won't have much control of where the money goes.

What do you mean?

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for about two more years and then I won't have much control of where the money goes.

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You won't have as much...but at the least let it be 50/50. And don't let yourself be talked into a house you can't afford and no cars etc.

Cars are the dumbest way to blow money. The value car you drive should be no more than 50% of your after tax income.

I see so many people making 50k and driving 50k vehicles, it makes me sick.

Thanks I just bumped my 401k up to 10% and am gonna go open up an ira account as soon as I get back on the main land. I just wasn't really thinking about my finances cause whenever I am done with training, supposedly 6 months, I will have a completely different salary and benefits package. But that is not here now so I need to start investing now.

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and am gonna go open up an ira account

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Just to be clear, everyone is suggesting a ROTH IRA. There is a difference.

I graduated with the same degree last May, so I probably know you. I wish when I started that I only had $200/month in bills.

And congrats It's a good field to be in.

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Cars & women are the dumbest way to blow money.

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Had to add that in.

OK, my advice, which largely parallels everyone else's:

1) Invest in the 401 up to the company match amount (which you've done)
2) Max a Roth IRA (a traditional IRA is ok, but I prefer the Roth simply because you can withdraw contributions with no penalty. If you absolutely have to you can dig into it.
3) If you can get an HSA, do so and max it out. It is similar to a traditional IRA except that you can withdraw for qualified medical expenses. You don't have to do it if you can pay out of pocket though.
4) Finally, max the 401.

Invest in index funds and ETF's for now. If you are so inclined you can play around a little bit just to see how you handle losses and gains. If you do so I suggest fairly large bets b/c early in life it's still relatively inexpensive but you'll learn a lot about your ability to handle large swings while it's early and relatively inexpensive to make mistakes. Blowing your life savings isn't as huge a deal when you are 25, and you can learn from it. Better now than at 65 (which some people do).

Last item - put your higher-risk, higher-return investments in your Roth, because gains are tax-free.

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Build up 3-6 months living expenses and park it in a money market fund for emergencies.

Don't be in a rush to buy a house. There is nothing wrong with renting for a little while.

You need to educate yourself on personal finance. I'd start with The Richest Man in Babylon.

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I would start with N N Taleb's books. He's a Phd in statistics who bets against the common wisdom.
He provides excellent appendices, an education in itself.
He has his own brokerage firm.
Black Swan is famous. Its his second book.
Its considered to be one of the most important books of the past 60 years.

Fooled by randomness is his first.

Use a dictionary if you need to.