<prompt> Human: It seems like the first rule is always to have an emergency fund that can last you 6 months to a year, but I have a line of credit on my house that is enough to last me 2 years if I needed. The line of credit is at 3.24, so given market averages, it seems like Im throwing money away having 6 months salary worth of savings just sitting around in a low interest savingschecking account. The line of credit strikes me as just as liquid as savingschecking, so is there really that big of a difference that Im not seeing?  <response>: Yes. Your line of credit can be revoked at any time. A line of credit isnt liquid, its debt. The point of an emergency fund is that if something happens you dont need to go into debt to pay for it. 