facebookWe're saving for our wedding next year. Is it wise to put them into a safe investment while we accrue our savings? - Seedly

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Anonymous

12 Nov 2021

Couple Finance

We're saving for our wedding next year. Is it wise to put them into a safe investment while we accrue our savings?

Also, our income is not fixed, how do u track who saved how much towards the wedding?

Discussion (3)

What are your thoughts?

How do track

  • Set a target.
  • Your wedding budget divided by 2? Say $30k?
  • Each of u must save $15k
  • Each of you create a seperate account, every mth GIRO a fixed amount $$$ into that account.

Is it wise to put into safe investment?

  • Opinon. Just put in banks. The profit probably not life changing from safe investment and have a probablity (although is low) to lose money
  • I would rather quickly reach my saving target. Then have extra money to invest in stocks where i have the holding power.

Can put in singlife saving account

Hi. At best. You should put it in a Money Market Fund and nothing else. Maybe about 2% interest. Che...

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