Why is it important to have money in a savings?

It's important to have money in a saving because of future emergencies. You need to be prepared in case of any accident or mishap that may happen like your house burning down. You won't know where to go or where to sleep. So then you remember that you have money saved or "emergency money" and then use to rent an apartment or use a certain amount of cash then save more money so you can buy a new house.It's also important to have money in a savings account because that way you won't have to be in too much debt.