How do you sub-divide your savings?

After splitting your salary into expenses, investments, savings.

There are different types of savings options that are liquid but are better “locked”.
i.e. bonds (“Locked” for 10 years), endowment funds (“Locked” for 3-5/10 years) and also some regular savings plans (SAYE).

How much savings do you typically just let sit in your savings account? 100% liquid.

Or what are some decision criteria you guys use to proportion your savings?

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Hariz Arthur Maloy

26 Oct 2019

Independent Financial Advisor at Promiseland Independent

1-2 Months of Income for current spending.

6 months of expenses as an emergency fund.

Any money needed in 3 years also kept in cash or cash alternatives like a Money Market Fund.

Everything else is invested.

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Alvin Teo

26 Oct 2019

Aviva Relationship Consultant at Aviva Affinity Channel

If you have money that’s
1) planned for investments and they haven’t been invested yet or

2) due to the closing of investment positions and have some cash

Do not mix it with your expenses or savings

Of course, there’ll be many many answers from everyone, you should choose one that comes the most naturally to you or else you’re gonna have a hard time in personal finance and end up hating it.

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Junus Eu

26 Oct 2019

Currently, savings go into 3 savings accounts - CIMB (lowest interest but no cap on i/r), SC (but de...

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