Utilize your financial knowledge, give your answer or opinion to the input question or subject . Answer format is not limited.

Is there an advantage to keeping a liquid emergency fund if one also has an untapped line of credit?
Why can't you have both? If you do have both credit and an emergency fund, and an emergency occurs, you can draw from the line of credit first. Having debt + cash is a much more stable situation than having neither, because then you have the option to use the cash to pay off the debt, or use the cash to pay other expenses. If you just have cash, when you spend it it's gone and there's no guarantee anyone is going to lend you any money at that point.