facebookEveryone knows that we need to save for a rainy day...β˜‚οΈ But how much should we save? And where should we keep our emergency funds? 🏦 Share your opinions here! - Seedly

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Justin

Content Strategist at Seedly

Edited 18 May 2022

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Saving Hacks

Everyone knows that we need to save for a rainy day...β˜‚οΈ But how much should we save? And where should we keep our emergency funds? 🏦 Share your opinions here!

https://blog.seedly.sg/emergency-fund/

Discussion (2)

What are your thoughts?

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  • If u asking for a value, in general w/o doing any detail planning, i would say ~$50k min.

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  • Should be sufficient to get you out of most non-catastrophic situation.

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  • High interest account, like dbs multiplier.

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  • Need to be very liquid, when is real emergency, u wont care about that 1-2%, u want to be able to access it immedately.
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