I am S pass holder in sg and working here. Monthly salary is around $3.4K. How much should i put for emergency fund and where should i invest for 1st time?

Hi Anon,

I would suggest that you build up your emergency funds first before thinking about investing. This is because investing is risky and there is a chance that you'll lose all your money. Having an emergency fund as a safety net will help to cover for any unexpected large purchases.

With regards to how much you should put, I would suggest to track your monthly expenses first. The recommended number of months your emergency funds should contain ranges from 3-12 months, depending on your financial situation. (You can read more about emergency funds in an article that I wrote).

Ultimately, the sum that you should put in your emergency fund has to be an amount that you'll be comfortable with. There is no right or wrong answer.

For investing, I would suggest to read up on all the different types of instruments out there. There are many different instruments, each with its own risk and rewards. Based on the amount of risk that you're willing to take, you can choose the instrument that best suits your risk profile.