To help us give better opinion, you might also want to gave us a bit of background, Do you have a portfolio currently? are you a beginner fresh grad? if still young, are still able to live off your parents. How is your job security? Also what is the main question about; emergency cash, stocks, or how to buy stock without extra cash. I'm going to reply based on my current situation, as I'm also squeezing out funds to buy some stocks. 1) This is technical. You don't need 6 months "earnings". You need 6 months "basic living expense", so exclude the costs of luxuries. 2) The amount for emergency cash actually varies from 3 months to 12 months, depending on the volitility of your situation (for example, a student still living off parent, might not need this emergency cash, or if you are a civil servant, maybe 3 months emergency would suffice, agents that depend on comissions might need 12 months) 3) Low risk sources other than cash. Do you have at least 3 months in liquid cash and another 3 months worth else where with low risk, say in SSB? 3) Do you have a portfolio, during this period, I'm rebalancing my portfolio by identifying the stocks I own that haven't been doing too well or are rather dormant before COVID-19 and selling them to buy good stocks at a discount. But note, I'm selling them before buying. Above are the method to squeeze out cash. For purchase methods; 1) Regular savers - Someone already mention so I won't go into detail, but you can buy some overseas stock and SG stocks with this method. 2) CPFIS - you can invest with your CPF if you are getting certain SG stocks.