<prompt> Human: My yearly income is 15,000 and my monthly expenses never exceed 1000. I also have good credit and 7,000 in accessible credit at my disposal. I dont use it frivolously and if I do use it, I always pay the bill on time in full. Im wondering if its necessary for me to have 3 months of emergency funds saved, as is recommended in this sub, or if I can use that money elsewhere in my life traveling, recreation, etc and rely on my credit in an emergency. Thanks!  <response>: Yes its necessary.What are you doing to get your income up? 15,000 is really low - like below retail wages. 