- There is a discussion of managing money in 6 different accounts. This doesn't mean that you have to have 6 different bank accounts. All the discussed accounts can be put into one bank account. You need to have that separation or distribution of money, in your bank account, in your mind space. 

- Some of the emergency account money would be kept in cash. The other half should neither be invested in stock markets or any schemes. It should be either in cash or in a savings bank account, so you can withdraw it whenever you want, in minutes in some misfortunate event.