- An emergency fund.
- A health care fund.
- An unemployment fund.
- My Roth IRA.
- Maxing out my 401k.
Being newly in the black, for me, feels quite precarious. I feel like at any moment I can slip back into debt and out of control. This upcoming vacation has me feeling that way. Nevermind that I have almost $4,000 in cash sitting in the bank to use for this vacation. Something most people don't do when it comes to planning for a trip, so I'm better off. No. I still feel like I haven't saved enough. That I'm going to overspend and somehow screw up my progress. However I know this is just an emotional response. I'm smart enough and prepared enough to make sure I don't get into debt over this vacation.
Wow, go off on tangents much Velvet? Anyway, when I get back, my most important goal is saving $3,000 by the end of the year. What it will be earmarked for, I have no idea. Chances are it will be my tree-month emergency fund. Then I'll get to the business of saving for my other goals. I think the thing I feel insecure about is if I'm doing the right thing. If I'm going down the right path for me. Honestly, I don't know. But I don't see the harm in saving as much money as I can while I figure it out.
It's just, I have self-doubt and I'm paranoid. However I do, at some point, have to learn about stocks and investing. I know very little right now, and to be honest, I find it a bit intimidating and boring. However I know that it's important for my long-term picture, so I will at least learn the basics so I can manage my money, or at least know what someone is talking about if I hire someone to help me with that.