<prompt> Human: Im reading through rpersonalfinance and it seems that everyone here has an Emergency Fund. Im 25 and do not have one, is it really that NECESSARY to have one? Ive never NEEDED emergency money and I cant see a scenario which it would benefit me to forego other opportunity costs with my money for an Emergency Fund.What day of kindergarten did I miss?EDIT: Turns out, upon further reading, it seems an Emergency Fund just means having access to liquid assets which I have. Due to so many people talking about their EF, I was thinking it was some sort of SPECIFIC Tax-Advantaged account subsidized by the government for emergencies, a-la an HSA, IRA, 529, 401k, etc. Thanks for all of your responses and nevermind my question. Now I feel like an idiot.  <response>: Read it: 