u/BrightEfficiency366

Context:

BTO ready soon, probably early next year

Current numbers:

Have $200k invested

Cash only about $10k+

We have $30k saved up in a shared account for reno

Salary:

Self employed, top up 5% of my monthly earnings to CPF

My monthly roughly 6-7k, we manage finances separately

Current strategy:

DCA at about 40-60% of salary

Minimal contribution to cash as long as it grows monthly

Future plans:

Simple wedding, planning to have kids in the next 1-2 years, dog, car maybe

I will pay my portion of mortgage with cash

Help needed:

I was thinking to just go heavily into cash savings until I have 12 months of salary saved up which is $80k roughly.

Is this too much cash? Or is it better utilized invested

BTO should be completed next year while my partner and I have been saving on the side for the reno which will total up to $30k this year.

Right now. We are happy with a $30k budget for Reno but we are not sure what we can expect.

We have seen reels and TikToks about $30k reno budgets but each seem to be quite different.

We have opted for the hdb flooring and do not intend to remove it.

Any folks here can share their experiences with Reno budgeting?