<prompt> Human: For me, there are two emergencies I foresee and want to plan for: car repair and unemployment. I rent and Im young 24, so I dont have any housing expenses or other random situational changes. Unemployment is my biggest concern, and my monthly expenses are between 1500 and 2000 if I cut everything down to the essentials.I currently have 2000 liquid in a savings account, 10,000 in open credit lines and 2000 in my 401k invested aggressively. Unemployment is expected to provide 1500-1600 per month and FAFSA is available for supplementary living expenses. Basically if all goes well I will be able to manage for a year and a half. If all goes wrong I can last about 4 months before its time to find an alternative.Do I really need more than 1 month liquid if I have access to multiple months semi-liquid in a pinch? What am I missing here?  <response>: You cant really foresee what an emergency fund will be needed for. Thats essentially the defining aspect of an emergency fund - a fund for unexpected expenses. 