Is your savings account your Emergency Fund too? If that is the case then there are chances that you may not be able to meet your day-to-day needs in times of emergencies. Savings account is that one stop solution which fulfills all your needs and can fulfill all your wants. Hence it's difficult to control the urge of leaving that exotic vacation or that latest smart phone or that weekend party etc. just for fighting with those unforeseen emergencies that may or may not come.