facebookAm i saving too much? I have a little more than 6 mths as emergency funds and 10k saved in ssb and 5k in another high yield acc...I'll b getting my flat in 2025.. - Seedly

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Anonymous

29 Mar 2023

Adulting

Am i saving too much? I have a little more than 6 mths as emergency funds and 10k saved in ssb and 5k in another high yield acc...I'll b getting my flat in 2025..

Any suggestion what i can do with those extra monies? I also have insurance and investments

Discussion (9)

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Hi, I think you can continue setting aside money into your savings. There are a lot of hidden costs when getting your own flat, so you may wish to check out this article for more information.

Many people are recommending to be heavy cash in this season of economic volatility. Its not wrong to build a sum of cash as dry powder at this point.

Don't think your savings is too much, $5k in high yield is not a lot unless you meant $5k of extra savings monthly into the account.

Good start!

But as what others may have mentioned, there is definitely still room for improvemen...

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