<prompt> Human: Hey PF folks! Long time lurker, first time poster here. I have been learning a lot by reading through posts and taking advice on how to budgetorganize and save. Thank you for being so helpful. Here is my story. I have been dating someone for about 5 years, who I know isnt the best with his money, but hes not the worst. He Recently paid off one credit card and he is nearly payed off on his other one, leaving him only with car payments, insurance and about 500 in rentutilities. He has a decent paying job and a 401K, but I found out he doesnt have an actual savings account. I have always been a firm believer of having a savings account at your personal bank incase of emergencies, vacations, large purchases etc. Being a yoga teacher, I dont have a 401k, but I have a firm grip on how they work and what they do, so Im wondering if Im overreaching when I tell him my concerns about his lack of a savings account. Im worried for the future us. Am I wrong in thinking having your 401K as your only savings is a little too risky? Thanks!!TLDR: SO doesnt find it necessary to have a savings account other than his 401k. I feel differently. EDIT: thank you for all of your advice! Bouncing my thoughts off yall has made me feel much better, I will go back to lurking and learning. Thanks again!  <response>: He still has credit card debt. I think he is correct in paying that off first. Once that is paid off, THEN he should start building a savings account balance. 