So now that I am debt free (except for my mortgage), I have been struggling with where to focus my money. I have a lot of goals and dreams: I want to pay down my mortgage to get rid of the PMI, I want to pay down the mortgage as much as possible, I want to save about $30,000 in my emergency fund, I want to put money in retirement, I want to start investing, I want to save up for new furniture and I want to save up for a new car, etc.
When I was paying off debt, I focused all of my money towards getting rid of the debt. So every extra dime when to the debt. Now I feel like I no longer have that power of focus. I have so many different goals now and each month each goal gets a little money. I miss those $2,000+ payments a month. I'm not sure where to go with my goals. Should I cancel all of my other goals and save up the $5,500 for my roth ira? Then once I get the $5,500 saved up for the year, move on to the next goal?
The problem is everything feels immediate to me now. I stayed out of retirement savings for so long to pay off debt, I didn't save for a new car to pay off debt, etc. So now I feel like I have to do everything at once. It's very frustrating. I thought everything would be soooo easy now that all of the debt has been paid off.
Unfortunately, I am a believer in diligence and I know that with time and patience good things can come to fruition. I know as long as I keep pecking away, I will meet my goals. I'm just so impatient!!