Anonymous
Planning to allocate a sum of money (~$150) every month to a self-love fund. What are some places where I can park this money and let it grow ?
As the title suggests, this self-love fund is mainly catered for my wants e.g a new bicycle and labtop etc and thus would be used within a short time horizon. I have set aside my emergency funds in high yield accounts like Singlife and Syfe Cash+ and am wondering if this fund should also be added into these accounts too.
Any suggestions is welcome. Thank you !
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I really like your idea of a self love fund because it helps you to control your spendings!
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Moomoo offers cash funds where you can park youf idle cash for yields. Not bad imo. If you wanna take it out of the fund can just redeem and it takes T+2 days 🙂
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Man of the Hour
05 Sep 2022
Man at Man of the Hour
It isn't really going to grow much if your horizon is that short. Just put it anywhere convenient.
Honestly speaking even a milo tin under your bed is only marginally worse in terms of returns in this case. Wins hands down in terms of ease of access though.
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Cryotosensei
02 Sep 2022
Blogger at diaperfinancingfund.blogspot.com
Or you can do some mental reframing and do this:
- self-love funds (SingLife, Syfe+)
- rainy day fu...
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You can also consider Moomoo Cash Plus and MoneyOwl WiseSaver since they are relatively