Start a savings account at a credit union. They will give you good rates, with very few fees. You might also want to look into online savings accounts, such as those available through ING, because they also have high yields.

A Roth IRA is a good investment, but if your employer will also contribute to your 401k, you may want to start with that, since the employer contribution is free money (do check, though, on what their policies are, because sometimes you have to work there for a certain number of years before they consider their contribution "vested"--i.e. you get to keep it when you leave).

Keep on living like a broke college kid as long as you can. Get (or keep) a roommate (or two, or three), drive your old clunker, eat cheap, and maintain a rigid budget. The worst thing new graduates do to themselves is get overly enthusiastic about their new paychecks, and start accumulating so many expenses (rent, car payments, cable, etc) that they are soon spending every penny they get. They end up living paycheck to paycheck because they keep on inflating their lifestyle to fit their salary.

A few other tips:

1. If you get paid every other Friday rather than twice a month (26 pay periods per year rather than 24), consider those two "extra" checks automatic savings. Don't touch them.
2. Pay yourself first: put money into your savings account the first day you get paid, rather than at the end of the pay period. You won't miss it if you never have a chance to spend it.
3. Give yourself a set amount of "fun money" in cash every month. Once it's gone, it's gone. No going for the plastic.
4. Make debt pay-off a priority: 50% of your expenses should be needs (home, food), 30% or less wants (clothes, fun money), and 20% or more paying off debts and long-term savings. Keep cutting until 50% meets all your needs.
5. Use free stuff: get a library card, check online for free events in your neighborhood, have fun at home.

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