facebookWhat do I do if I have the sum of $2K in my POSB saye account which is gonna be done for 2 years? Going to ord in July this year. Continue saving or use half for vacation to de stress? - Seedly

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Anonymous

23 May 2020

Career

What do I do if I have the sum of $2K in my POSB saye account which is gonna be done for 2 years? Going to ord in July this year. Continue saving or use half for vacation to de stress?

Discussion (11)

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Always save and invest in your future!

A vacation may feel good in the short run but it is just an outflow, to put it frankly. Meanwhile, at your young age, you should think about accumulating your assets and trying to grow your money, instead of spending it. ​​​

Kenneth Lou

07 Jun 2019

Co-founder at Seedly

Would recommend taking a breather. Or even taking $1k out of that to learn something new via a course, or new skill (eg language or investing)!

For me, that was what I did during my break between ORD and University, I learnt: Golf, Driving, French and Scuba Diving based on my savings in my NS days :)

Never regretted one moment of it. Time is only one way forward, money can be earned one day down the road :) $2k is not difficul to earn back one day when you have a bigger world view and more skills.

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crikey. to me, the answer is simple - save it and keep saving more. in this day and age, 2k can run out easily due to your expenditure. when you save, for example, 10k and more, you can explore investing or speculating or whatever. whatever it is, don't touch your emergency stash.. you may never know when you need the moolah for something urgent. keep it up 💪

Jason Sing

30 Nov 2018

School Of Hard Knocks And Life at School Of Hard Knocks And Life

Continue savings to build up your capital for investment or trading.

Steph Yeo

08 Jun 2018

Auntie Uncle Whisperer at Agency for Integrated Care

2k can do quite alot, but yet can't do much. Do you rmb why you started saving up to begin with? Tha...

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