Is using Android shared preferences for storing large amounts of data a good idea?

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So I inherited this Android project from someone else. The code currently seems to be storing huge amounts of data (that should really belong to an SQLite database) into the shared preferences. I'm very uncomfortable with that part of the code and want to start using the sqlite database. But I am still unable to justify to myself the time it would take especially if it comes with no immediate benefits.

Of course I'm eventually going to move it to sqlite but since I'm kinda on a tight deadline I was wondering if this is worth something doing now or later.

Any thoughts and comments on storing large amounts of data in shared preferences would be very much appreciated.

Thanks

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