The savings account (liquid emergency cash account) is sort of like life insurance. It depends on how risk averse you are and lifestyle. For example if you are older and have a family (ie kids) and a more expensive lifestyle you might want to have more cash on hand. This is similar to life insurance where if your young and have no kids there is really little reason to get it. There are many times in my life I have had less $1000.00.<p>Regardless less than $1000.00 on hand for emergency for the majority is disturbing.