Yeah, wouldn’t it be great if there’s an equation out there that tells us how much emergency funds we should keep? Like f(x) = x^2 +3x - 2 So lets say I am a Type 2 person and x = 2, so I should be keeping 8 months of my normal expenses as emergency funds, just like what Suze Orman recommended? Sounds silly right, but at the very least, it’s not a one-size-fits-all approach like what she preaches, isn’t it? But first of all, I am going to argue that an emergency fund isn’t necessary for everyone. Afterall, there’s gotta be a x type which gives us a value of 0 from the equation, right? Before you start throwing insults at me, (like what happened the last time round), let me explain further and hopefully, clearer. Accumulating an emergency fund might actually be harmful if you have access to credit and is ......