facebookInvest in Emergency Funds?? - Seedly

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Asian Amos

Marketing at SUSS (Sch of Biz)

05 Dec 2024

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Saving Hacks

Invest in Emergency Funds??

Hi Seedly community, want to get an understanding of ๐˜ฉ๐˜ฐ๐˜ธ ๐˜บ๐˜ฐ๐˜ถ ๐˜ด๐˜ฆ๐˜ฆ ๐˜Œ๐˜ฎ๐˜ฆ๐˜ณ๐˜จ๐˜ฆ๐˜ฏ๐˜ค๐˜บ ๐˜ง๐˜ถ๐˜ฏ๐˜ฅ๐˜ด (๐˜ข ๐˜ง๐˜ช๐˜น๐˜ฆ๐˜ฅ ๐˜ข๐˜ฎ๐˜ฐ๐˜ถ๐˜ฏ๐˜ต ๐˜ถ๐˜ด๐˜ถ๐˜ข๐˜ญ๐˜ญ๐˜บ 3-6๐˜ฎ๐˜ฐ๐˜ฏ๐˜ต๐˜ฉ๐˜ด ๐˜ฐ๐˜ง ๐˜บ๐˜ฐ๐˜ถ๐˜ณ ๐˜ฆ๐˜น๐˜ฑ๐˜ฆ๐˜ฏ๐˜ด๐˜ฆ๐˜ด) ๐˜ช๐˜ฏ ๐˜ต๐˜ฉ๐˜ฆ ๐˜ฆ๐˜ท๐˜ฆ๐˜ฏ๐˜ต ๐˜ต๐˜ฉ๐˜ข๐˜ต ๐˜บ๐˜ฐ๐˜ถ ๐˜ฏ๐˜ฆ๐˜ฆ๐˜ฅ ๐˜ต๐˜ฐ ๐˜ด๐˜ฆ๐˜ญ๐˜ง-๐˜ด๐˜ถ๐˜ด๐˜ต๐˜ข๐˜ช๐˜ฏ ๐˜ฅ๐˜ถ๐˜ณ๐˜ช๐˜ฏ๐˜จ ๐˜ข ๐˜ต๐˜ฐ๐˜ถ๐˜จ๐˜ฉ ๐˜ฑ๐˜ฆ๐˜ณ๐˜ช๐˜ฐ๐˜ฅ ๐˜ฆ๐˜ด๐˜ฑ๐˜ฆ๐˜ค๐˜ช๐˜ข๐˜ญ๐˜ญ๐˜บ ๐˜ฅ๐˜ถ๐˜ณ๐˜ช๐˜ฏ๐˜จ ๐˜ณ๐˜ฆ๐˜ต๐˜ณ๐˜ฆ๐˜ฏ๐˜ค๐˜ฉ๐˜ฎ๐˜ฆ๐˜ฏ๐˜ต ๐˜ฐ๐˜ณ ๐˜ด๐˜ช๐˜ฎ๐˜ช๐˜ญ๐˜ข๐˜ณ ๐˜ฑ๐˜ณ๐˜ฆ๐˜ฅ๐˜ช๐˜ค๐˜ข๐˜ฎ๐˜ฆ๐˜ฏ๐˜ต.

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๐—œ๐—ป๐˜€๐˜๐—ฒ๐—ฎ๐—ฑ ๐—ผ๐—ณ ๐—น๐—ฒ๐˜๐˜๐—ถ๐—ป๐—ด ๐—ฏ๐—ฎ๐—ป๐—ธ๐˜€ ๐—ฒ๐—ฎ๐˜ ๐—ฎ๐˜„๐—ฎ๐˜† ๐—บ๐˜† ๐—ฒ๐—บ๐—ฒ๐—ฟ๐—ด๐—ฒ๐—ป๐—ฐ๐˜† ๐—ณ๐˜‚๐—ป๐—ฑ๐˜€ (๐˜„๐—ต๐—ถ๐—น๐—ฒ ๐—ฐ๐—ผ๐—บ๐—ฏ๐—ฎ๐˜๐—ถ๐—ป๐—ด ๐—ถ๐—ป๐—ณ๐—น๐—ฎ๐˜๐—ถ๐—ผ๐—ป), ๐˜€๐˜๐—ฎ๐—ฟ๐˜๐—ฒ๐—ฑ ๐˜€๐—ผ๐—บ๐—ฒ ๐˜†๐—ฒ๐—ฎ๐—ฟ๐˜€ ๐—ฏ๐—ฎ๐—ฐ๐—ธ ๐˜„๐—ถ๐˜๐—ต ๐—น๐—ฒ๐—ฎ๐˜ƒ๐—ถ๐—ป๐—ด ๐—ถ๐˜ ๐—ถ๐—ป ๐—ฆ๐—ถ๐—ป๐—ด๐—น๐—ถ๐—ณ๐—ฒ ๐˜๐—ต๐—ฒ๐—ป ๐— ๐—ฎ๐—ฟ๐—ถ๐—ฏ๐—ฎ๐—ป๐—ธ ๐—ฎ๐—ป๐—ฑ ๐—ป๐—ผ๐˜„, ๐—–๐—ต๐—ผ๐—ฐ๐—ผ๐—น๐—ฎ๐˜๐—ฒ ๐—™๐—ถ๐—ป๐—ฎ๐—ป๐—ฐ๐—ฒ.

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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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Discussion (27)

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Probably ok if got credit card

I put my emergency funds in my UOB One acct. earn higher interest and very liquid.

Kenneth Chan

06 Jan 2025

Wealth Manager at Phillip Capital

Personally I put it into Money Market Funds.

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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