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Anonymous

23 Sep 2024

∙

Do i still need to save 50% of my income even after settling my emergency funds? For now, i am just saving $500 and dumping more $$ into investments.

My emergency funds is based off 6 months of my salary and parked in a High yield acc so it is generating me interest. Is this ok?

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Li Elizabeth

02 Oct 2024

If you can why not?

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Francis

02 Oct 2024

Are you able to use the funds during emergency? If not, no use even if higher yield.

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Pet N

01 Oct 2024

I set aside about one year then the excess goes into investments every month.

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I.L.

01 Oct 2024

Maybe aim for 1 year of emergency funds? Personally, I prefer to have 100 k of emergency fund before I invest all excess funds into investments.

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Wrong Sean

01 Oct 2024

Yes to continuing to save....

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For the 50-30-20 Allocation Rule where 20% is for savings, what if we have reached the max of our emergency fund? Do we still continue to keep 20% as savings or it moves into investment portion?

I'm 28. After setting aside 12 months emergency fund, do I still need to allocate money to savings? Or should I use my spare cash to invest or top up CPF?

How long do we realistically need to build up emergency funds? Is just simply saving the best way to build it? Is it counter-productive to invest to build up our emergency funds? 🤯?

Should a person with zero savings start investing, while also saving on the side? Trying the 50-30-20. Or should I save at least 6(or more) months of income first? Insurances all settled already.?

I have $15k savings excluding emergency fund. I’ve been reading different investment articles and I’m still clueless. The only step I took was investing in SSB which is at $8k now. What should I do?

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