<prompt> Human: i have just paid off my credit card debt, and started putting money aggressively in my emergency fund. But then I started to think:- I have a pretty good job at a Fortune 100 company, where I am performing well. Even if there would be a layoff, the company will cover 3 months of salary- I live in Europe, no medical expenses at all.- I live in a city with good public transportation. If my car is totaled, I can still ride the bus- I rent an apartment, so I am not paying for repairs- the company never screws up salaries - even if they did, I can use my CC with zero interest for 45 days- Still, if something goes horribly wrong, my parents could help me out as a last resortI can save about 20 of my salary every month. I have decided to put only 5-10 in my emergency fund, and spend the rest on enjoying life, but after all these months of careful budgeting it feels wrong not to pursue agressively some kind of financial goal. Thoughts?Assistant: Everyone needs an emergency fund. Everyone.Human: Thanks for the advice! Can you help me out a bit though? What other emergencies should I be prepared for?  <response>: Construction in a building adjacent to yours damages your housing badly enough to warrant your moving.Your computer dies the same week your TV catches fire and then your bike is stolen that weekend.Someone you love is badly injured and, though you can arrange time off from your job to help that person during their recovery, you wont be paid for that time.Youre badly injured in an accident and will be unable to work for some time. Maybe long-term disability or sickness payment is somewhat less than you would earn if you could return to work sooner.Point is, any number of things could possibly happen. When the necessities of life, like secure housing, necessary healthcare, freedom of movement, etc. are assured rather than left to the whim of charity or your individual ability to shop better than your every other one of your peers, why wouldnt you want to have an emergency or rainy day fund? Thats what theyre actually intended for! 