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Hi Seedly community, want to get an understanding of ๐ฉ๐ฐ๐ธ ๐บ๐ฐ๐ถ ๐ด๐ฆ๐ฆ ๐๐ฎ๐ฆ๐ณ๐จ๐ฆ๐ฏ๐ค๐บ ๐ง๐ถ๐ฏ๐ฅ๐ด (๐ข ๐ง๐ช๐น๐ฆ๐ฅ ๐ข๐ฎ๐ฐ๐ถ๐ฏ๐ต ๐ถ๐ด๐ถ๐ข๐ญ๐ญ๐บ 3-6๐ฎ๐ฐ๐ฏ๐ต๐ฉ๐ด ๐ฐ๐ง ๐บ๐ฐ๐ถ๐ณ ๐ฆ๐น๐ฑ๐ฆ๐ฏ๐ด๐ฆ๐ด) ๐ช๐ฏ ๐ต๐ฉ๐ฆ ๐ฆ๐ท๐ฆ๐ฏ๐ต ๐ต๐ฉ๐ข๐ต ๐บ๐ฐ๐ถ ๐ฏ๐ฆ๐ฆ๐ฅ ๐ต๐ฐ ๐ด๐ฆ๐ญ๐ง-๐ด๐ถ๐ด๐ต๐ข๐ช๐ฏ ๐ฅ๐ถ๐ณ๐ช๐ฏ๐จ ๐ข ๐ต๐ฐ๐ถ๐จ๐ฉ ๐ฑ๐ฆ๐ณ๐ช๐ฐ๐ฅ ๐ฆ๐ด๐ฑ๐ฆ๐ค๐ช๐ข๐ญ๐ญ๐บ ๐ฅ๐ถ๐ณ๐ช๐ฏ๐จ ๐ณ๐ฆ๐ต๐ณ๐ฆ๐ฏ๐ค๐ฉ๐ฎ๐ฆ๐ฏ๐ต ๐ฐ๐ณ ๐ด๐ช๐ฎ๐ช๐ญ๐ข๐ณ ๐ฑ๐ณ๐ฆ๐ฅ๐ช๐ค๐ข๐ฎ๐ฆ๐ฏ๐ต.
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๐๐ป๐๐๐ฒ๐ฎ๐ฑ ๐ผ๐ณ ๐น๐ฒ๐๐๐ถ๐ป๐ด ๐ฏ๐ฎ๐ป๐ธ๐ ๐ฒ๐ฎ๐ ๐ฎ๐๐ฎ๐ ๐บ๐ ๐ฒ๐บ๐ฒ๐ฟ๐ด๐ฒ๐ป๐ฐ๐ ๐ณ๐๐ป๐ฑ๐ (๐๐ต๐ถ๐น๐ฒ ๐ฐ๐ผ๐บ๐ฏ๐ฎ๐๐ถ๐ป๐ด ๐ถ๐ป๐ณ๐น๐ฎ๐๐ถ๐ผ๐ป), ๐๐๐ฎ๐ฟ๐๐ฒ๐ฑ ๐๐ผ๐บ๐ฒ ๐๐ฒ๐ฎ๐ฟ๐ ๐ฏ๐ฎ๐ฐ๐ธ ๐๐ถ๐๐ต ๐น๐ฒ๐ฎ๐๐ถ๐ป๐ด ๐ถ๐ ๐ถ๐ป ๐ฆ๐ถ๐ป๐ด๐น๐ถ๐ณ๐ฒ ๐๐ต๐ฒ๐ป ๐ ๐ฎ๐ฟ๐ถ๐ฏ๐ฎ๐ป๐ธ ๐ฎ๐ป๐ฑ ๐ป๐ผ๐, ๐๐ต๐ผ๐ฐ๐ผ๐น๐ฎ๐๐ฒ ๐๐ถ๐ป๐ฎ๐ป๐ฐ๐ฒ.
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With inflation ongoing, why not see emergency funds as something you can safely put into securities or lump it with savings-interest platforms (though it's still different from savings) ??
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I put my emergency funds in my UOB One acct. earn higher interest and very liquid.
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Kenneth Chan
06 Jan 2025
Wealth Manager at Phillip Capital
Personally I put it into Money Market Funds.
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I do empty my emergency fund when I see a very good deal because my job is stable and my expenses are low with no debts.
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I use a mix of OCBC360c, Mari, GXS.
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Karen
05 Jan 2025
Sharing Referrals at https://t.me/SgRefs
If you are working, consider UOB or HSBC EGA. They offer better interest rates than CF and are SDIC ...
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Probably ok if got credit card