Hello everyone, I am still building my Emergency Funds and I'm still far from reaching it. Is it recommended to invest into robo advisor at the same time while building this up?

Hi Anon, I'd agree with Jon on this one.

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I feel its a tad risky for one to get into investing into anything before their emergency fund has been fully established. Best for you to build that up before you go into investing. You don't want to be halfway invested and have to pull out at a possible loss during an emergency. It'll leave a pretty sour taste in your mouth.

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Also, yep spend less while building your funds and once 3 months of income or 6 months of expenses has been saved, can you go into investing.

I would say at least 3 mths of income as emergency funds allocated funds before jumping to Robo at the same time while building your emergency fund. Budget properly because you won't want to end up digging from your emergency funds month after month just because you have a Robo contribution that disrupts your cash flow. Increase the allocation to Robo gradually when you are comfortable enough with the amount of your emergency fund.