Based on your financial expertise, provide your response or viewpoint on the given financial question or topic. The response format is open.

Is there an advantage to keeping a liquid emergency fund if one also has an untapped line of credit?
An emergency fund is your money, sitting in a bank, that you can use for emergency purposes. A line of credit is somebody else's money, that they've provisionally promised to let you borrow.  But they can change their mind at any time.