Personal Finance
Emergency Funds: How To Build, Where To Put, How Much Do You Need in Singapore?
By Singapore Financial Planners  •  April 22, 2024
In the heart of Singapore, where the cost of living can soar as high as the Marina Bay Sands, there’s one financial safety net everyone talks about but many of us find ourselves scrambling to properly establish: The emergency fund. In this post, you’ll discover: The crucial role of an emergency fund in Singapore’s expensive living environment Practical steps to building and growing your fund Smart places to park your emergency savings for accessibility and growth Navigating the common pitfalls and making the most out of your emergency fund   Whether you’re starting from scratch or looking to optimise your existing fund, this guide is tailored to help you navigate the complexities of financial preparedness in Singapore. So, buckle up, and let’s dive into creating that financial buffer that stands between you and life’s unexpected turns. What is an Emergency Fund? Picture this: You’re going about your...
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By Singapore Financial Planners
We believe in the power of financial literacy. It’s unfortunate that schools do not provide crucial life lessons like financial planning. Thus, we created Singapore Financial Planners to create a space where we provide financial education so that you can make an informed decision.
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