What is the best way to have more savings without 1. Investing (not a risk taker) 2. Buying more insurances saving policies.?

Your situation is somewhat like mine. I suggest earn some side income, selling your unwanted items off on carousell, perhaps renting a room out if you own a house

If you view your CPF as a wealth accumulator, the CPF option is one of the very best out there.

The Topping up into CPF SA gives you tax deduction in the first year and then you earn 4% interest per annum. Of course, ppl will dispute you can't take money out, but i view CPF money is our own money and at age 55, there is a high chance we can withdraw the excess of BRS sum

Hi anon,

You might want to consider SSBs and FDs, if insurance policies are strictly a no-go for you. Unfortunately as you are not a risk taker, then the pool of assets available is really limited.

This is provided that you've maxed out the interest limit on your DBS multiplier first, as that's a pretty safe way to generate more interest.

As the rest have mentioned, beyond that, you will have to find ways to grow your income, cut your expenses if you want to save more. All the best!

Hi Anon,

I put some of my faith in the CPF system and in fact, did some transfer with my cash to the CPF-SA account. So just treat it as a stash-&-forget mentality, and I'm sure you'll reap the rewards at a much later stage.

You might want to consider doing so. :)