<prompt> Human: Ive seen many people reference keeping an emergency fund just in case something happens obviously. My question for the money masters is what is an appropriate amount to have saved and should I just put it in a savings account?For reference, I am single, no kids and dont own a home. Just paying on school loans and a car.  <response>: what is an appropriate amount to have saved3-6 months of expenses. Youll note that none of us really agree on the number, so youll have to pick what seems reasonable to you. If your school loans or car are high interest it would be reasonable to minimize your emergency fund while you take care of those debts. But thats really more for credit cards, school loans and car financing is usually pretty low interest. should I just put it in a savings account?Yes, a savings account is fine. Some people will structure it into staggered long term CDs, and if they need it in an emergency theyll take the early withdrawal hit on one CD at a time until theyve got their emergency covered. 