What do you factor in for savings targets? Do you include CPF as savings?

CPF is a retirement vehicle which you can use for ppty purchase and study loan.

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Bear in mind that it is a retirement vehicle, so by using the money in this vehicle you have to pay urself back the accurred interests.

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Savings is the mother of all investment.

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Your Savings must have a goal that will benefit yourself in the future.

Eg. Income Generating Asset

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IF your Savings Goal is just for travelling and enjoyment, is wiser to learn how to save when you spend rather then save up to spend all.

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Hope my reply helps.

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https://seedly.sg/profile/a-kenichi-xi

Thank you.

Savings Targets : Housing, Medical, Retirement, Emergency Funds.
CPF is not included because it is illiquid.

To me CPF is not considered savings. But rather a commitment. As you need to accumulate enough cash to hit the retirement sum. For a reckon, if I were to purchase a flat, I'll try to actually pay the installments using cash. As when you sell the flat, if you touched your cpf, you'll have to pay back whatever you owe + interest from the proceeds.

CPF in my view is not part of savings as it can’t be used like money in a normal savings account. This is more for retirement or purchase of housing.

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my personal targets

• housing -> full sum
• retirement
• holiday around the world 🌍