facebookI’ve been saving so much money which i opened up two bank accounts which combined both have about $50k. I’m planning to get married in 2.5 years time. Should i start investing? - Seedly

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Anonymous

05 May 2021

General Investing

I’ve been saving so much money which i opened up two bank accounts which combined both have about $50k. I’m planning to get married in 2.5 years time. Should i start investing?

Hi! In mid 20s currently

6

Discussion (6)

What are your thoughts?

Set a budget for the wedding or figure out how much you will need. With a 2.5-year time horizon, you can consider low risk investment options such as Endowus CashSmart, Syfe Cash+, StashAway Simple and etc. Possibly short-term endowment plans too. Main thing is to not take too much risk with the money you need for the short term.

Set aside your 3 / 6 / 12-month emergency fund

Figure out your monthly expenses (fixed and variable)

Invest the rest! You can always start small and build up.

Just my opinion. Not financial advice.

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Sabrina Wong

Sabrina Wong

22d ago

Level 5·Communications at University at Buffalo

Hey there! $50k is a great milestone achieved for your age! Congrats 👏

When it comes to savings, we should always start early (as early as one can), save little and save often. I am a beginner investor myself and also started around my mid 20s. Perhaps, this article can help you get started on building your wealth. It talks about building healthy saving & spending habits and just being mindful: https://hugosave.blog/building-wealth-20s-7-str...

Oh and one more thing, you may want to consider exploring alternative investment vehicles such as gold. I personally found investing in gold super interesting particularly as I want my money to grow but without the volatility that comes with investing in high-risk options with the added advantage of liquidity for when I need cash. This might be important for you since you will be getting married soon. Here's an article which will help you decide which vehicle is best for you: https://hugosave.blog/5-growth-options-saving-m...

Hope this helps and all the best!

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