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Anonymous

11 Nov 2024

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Hello seedly, how can i know how much is too much savings? I do not want to be over saving, i have already saved my emergency funds. 6 months of income.

Should i still set a portion of my salary to savings or all into investments?

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Steven Lim

15d ago

Buy

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Li Elizabeth

19d ago

Term it retirements funds and it wont then be too much

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Francis

20d ago

Direct them to investing instead.

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YOC

21d ago

6mths is generic, but it also depends on how many dependents, what kind of emergency you are saving for.

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C Guan Wen

22d ago

Depends on whether a large portion income goes to expenses...

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Related Posts

Been seeing different accounts of how much emergency funds to put aside, some saying 6-12 months expenses while others preach 6-12 months of salary. How much is too much 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.?

27M- i have 6 months of income stashed away as emergency funds. i also have 6 investments comprising of a range e.g bonds,etf, ilp. i also have money set aside for big expenses like house etc?

How should my funds allocation be for ETF Long term investment? I'm a commission based earner. I hv 15k which is 6 months of emergency funds saved. i'm thinking of investing the rest, about 10k.?

Should I still be allocating cash to a high savings account from my monthly salary if I have already saved up for my emergency fund?

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