Commenting on people putting their money in a savings account, SMU Assistant Professor of Finance (Education) and Director of the Citi Foundation-SMU Financial Literacy Programme for Young Adults Aurobindo Ghosh said, “Saving early is a very good habit but saving and putting everything in a savings account might not be a very good habit. He reckons people should set aside three to six months of income as emergency savings. Asst Prof Ghosh added, “There is no formula to tell people to invest in this or that, but if you are starting out, start with baby steps.” He recommends people to get into the habit of investing and think of investments as “lending your future self some money”.
