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Anonymous

16 Jan 2023

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What should I do if I have already saved enough emergency funds? Do i need to continue saving?

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Discussion (21)

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Deddy T

10 Jun 2023

If it is really already enough, time to grow your wealth and look at other stuff like wealth protection.

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Robin

28 Apr 2023

Administrator at SG

Saving is always a good habit to

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Ian

01 Feb 2023

Continue to save but delegate a portion to investing so that inflation doesnt eat your money away.

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YOC

01 Feb 2023

Saving up never ends... you will always need it for something (insurance, things to buy, social activities, courses, etc etc).

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SS

Edited 28 Jan 2023

Yes definitely continue to save and start to invest. Having enough emergency fund doesn't mean I can...

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I already have my emergency funds settled. Should i continue saving aggressively? How much % of my salary should i set aside for savings/investments/insurance etc.

How long do we realistically need to build up emergency funds? Is just simply saving the best way to build it? Is it counter-productive to invest to build up our emergency funds? 🤯?

Hello seedly, how can i know how much is too much savings? I do not want to be over saving, i have already saved my emergency funds. 6 months of income.

For the 50-30-20 Allocation Rule where 20% is for savings, what if we have reached the max of our emergency fund? Do we still continue to keep 20% as savings or it moves into investment portion?

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