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Anonymous

8d ago

∙

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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Amos

1d ago

Jr. Business Associate (INC) at Singapore Institute of Management

Imo, it's up to your financial goals leading up to your future lifestyle. Getting a house, starting a family, then you should probably consult those around you.

Also, I recently realised that "personal finance" is called "personal finance" but frankly, its not personal simply because you usually will have dependents to take care off.

If not, you can juz chillax.

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kirby

3d ago

Personally ill keep 3 months of salary n invest the rest

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apache Apache

3d ago

It will depend on your needs and wants... You are the best person to know

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Tienny Zheng

4d ago

I am unsure. If you have savings then save into fixed deposit.

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Cryotosensei

4d ago

Blogger at diaperfinancingfund.blogspot.com

Every situation is different. the amount of emergency funds that keeps me soundly sleep at night may...

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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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