<prompt> Human: While I am probably not the most equipped person to give financial advice, Ive been learning so so much from this board. I saw this article on yahoo finance and completely disagreed with it.Here is articleWhile yes, paying down high interest cards is essential and extremely beneficial... I think building a savings account is so important. At least enough to cover a major expense. If anyone takes this article headline at face value, theyre going to be in a world of hurt...Am I wrong here? Would love to hear your guys thoughts...  <response>: Per capita income in the United States was 55,836.80 in 2015. Assuming an effective tax rate of 20, and using the conservative recommendation to sock away eight months worth of living expenses, that means itd take about 30,000 to create a sufficiently stocked emergency fund.This article seems to forget that emergency funds should be X months of expenses not X month of income. Theyve labelled it as such but theyre treating them the same anyway. Yes, some people like paycheck to paycheck and dont save for retirement but that doesnt mean that general financial advice should be applied in that way. I feel bad for having given this article any clicks. All it is is a thinly veiled ad for the crap at the bottom of the article. 