<prompt> Human: I have finally minimized my spending habits and have started to save money for the first time in my life. I currently have 2 savings accounts and a checking account. One of my savings accounts is at the same bank as my checking and has an interest rate of 0.01. My other savings is through American Express, and I am getting 0.85. My question is, what would be a proper amount to keep in my bank savings for emergencies if something happens to my car and I need quick money or if I need to transfer to my checking? My thoughts are that I would like to reach a certain amount, and then focus on mainly putting money into my AmEx because I will earn more off of it.Some background:Im 24, living at home, and hoping to go to grad school next fall.I have no major expenses, except for my car.I make roughly 700 after taxes and IRA every 2 weeks and have an auto-transfer set up for both accounts.Oh, and regarding the IRA, I have 50 going into every pay period. Should I bump that up so I have more money in it later on?Currently in my bank checking is roughly 1500 and in AmEx - 2400. I know it is a very arbitrary question but any suggestions at all would help! Thank you!  <response>: 4-8 months of expenses, or however much lets you sleep easy at night. 