<prompt> Human: If I have a 7.75 interest 15,000 personal line of credit from my bank which is untouched - full balance available. Its not a credit card, it functions like another account available to me. Does this lessen the extent to which I need to save up a large reserve of 6 months liquid cash for an emergency fund? Obviously having your own liquid cash is better than relying on available credit, but if the fact is that I can have access to 15,000 in any emergency, does that take the pressure off of saving my own 10-15,000? Or should I keep saving as though Im pretending the line of credit doesnt exist? I guess theres always the chance the bank can decide they dont want to let me have it anymore, which I know is their prerogative, but Ive had it for over 10 years now, and theres never been any threat of this. Plus, if I were to start using it again, theyd be less likely to take it away because it means more money for them. I used to carry a balance on it. At one point about 8 years ago it was almost maxed out, but I paid all that back and havent used it for maybe 4 years now. Almost maxing it did not result in any change whatsoever in interest rate, or available limit. Ive gone in a few times to simply ask that the rate be reduced, and they were kind enough to do so based on nothing but my polite request. Ive been offered to actually have the limit increased again, I forget exactly how much, but I think it mightve been around 25k, but declined the offer because I figure sometimes too much available credit can be a bad thing.edit: Canada, but I dont think it matters in this case.  <response>: Does this lessen the extent to which I need to save up a large reserve of 6 months liquid cash for an emergency fund?Nope. Keep a proper emergency fund. You dont want to go 15k in debt when you lose your job or break both of your legs skiing or something like that. I mean, if the emergency is something that temporarily ends your income youre going to have a hell of a time paying it back anyway. 