facebookAm i saving too much? I have 1 year+ of salary as my emergency funds and some loose amount in my savings acc. How much is too much savings? - Seedly

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Anonymous

2d ago

Adulting

Am i saving too much? I have 1 year+ of salary as my emergency funds and some loose amount in my savings acc. How much is too much savings?

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Weight in the expenses as diff people have diff expense amount. Big tickets such as property and car or related can be costly. Good to have 1 year salary and can be put in fixed deposited or safer instrument

Depending on your daily spending, you will be able to calculate how much you can save. Never think of "too much savings" - it is always necessary. Unblocked Games Premium

🎉 Encourage Jarrod Jaiz by liking their first comment!

Saving more than a year's salary is good. Always having a reserve fund Unblocked Games 76 will help you feel more secure in everything you do.

🎉 Encourage Phyllis Mapes by liking their first comment!

  • Depending on your annual salary, how much is appropriate? $50k, $100k, or $200k

  • Anything above $100k is excessive. You should seriously consider investing your money. Singapore Savings Bonds (SSBs) and Treasury Bills (T-bills) are not considered investments; they are simply places to park cash.

  • $50k Emergency Fund for singles
  • $100k Emergency Fund for married couples

If you do regular investments, then you might really have too much cash on hand. That said, I would ...

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