What’s the point of having a savings account?

Is there anything wrong with just having a checkings, and putting all “savings” into index funds?

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  • normal-rebellious

    I think you should have a savings account, the money will last longer, and if savings was in index funds, how are you going to claim it? It's badly planned, if my money runs out, how am I going to live? A checkings account isn't the answer, I want my money to be permanent.

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