Dear AK - Thank you for all your sharing, I have learnt so much from your blog. I have one quick questions that I am not sure if you have touched on previously. My situation is that I am expecting to receive a lump-sum payment by end of this year, an amount that while would be meaningful for me, and around 12 months my monthly expenses. I currently have a separate emergency fund allocation of 4 - 6 months monthly expenses buffer. I am wondering if it would make sense for me to use this lump-sum payment that I would be receiving to pre-pay my mortgage. Or shall I keep it into an emergency fund account (One UOB/ OCBC 365) Thanks for your thoughts......