Don't you need an emergency savings fund as long as you have a credit card?

False

If you dont have money saved and have to put a hefty balance on your credit card, you will have to pay interest. If you continue to have financial troubles, your credit card debt can easily spiral out of control. Having an emergency fund of as little as $500 can help you cover unexpected expenses, such as a new tire or a traffic ticket. If $500 seems like a lot, consider how much you could save if you eliminate one meal out per week or your morning latte and muffin. Saving becomes much easier if youre aware of how much you spend on things you dont need.