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Anonymous

05 Mar 2020

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How much should I save for emergency funds?

What is the rough percentage of my salary/amount that I should be keeping as emergency funds?

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Pang Zhe Liang

09 Mar 2020

Fee-Based Financial Advisory Manager at Financial Alliance Pte Ltd (IFA Firm)

Generally, you should keep 3 to 6 months of your total monthly expenses in your bank as emergency fund. Here is a link to more information about it (Part 4.1): https://www.blog.pzl.sg/understanding-your-pers...

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Typcially around 6 months of your monthly expenses to tide you over an 'emergency' period before being able to receive a regular income stream from your salary again.

Rais M

09 Mar 2020

Accountant at SME

There are various suggestions on emergency funds. The most common being 3 to 6 months worth of your expenses.

If you would like to be conservative, you can extend it to 12 months, or even more conservative, use salary instead of expenses.

Cube of your age or 12 mths expenses whichever is higher. This is wat I used for myself.

Andy Sim

09 Mar 2020

HR Professional at a Financial Institution

Don't have one for me because I combine it with my emergency funds, so as long as I have 6 months of...

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