I'm repeating a bit of set theory these days and was a bit perplexed by the axiom schema of replacement, for which I can't really seem to find a substantial application. After all, if $F: A \to B$ is a function between sets, the image will exist due to separation.
I read on WP about some implications, but they all seem of limited practical interest for day-to-day maths. So why do we usually include this axiom?
Since all the answers went straight into the comment section, let me here summarise the arguments that were made in favour of the axiom schema of replacement. I want to begin with one that I just came up with. All the other items are taken from the comment section.
I have to admit that the second item is the one that convinces me the most, and the others are more like "added bonuses". Constructing a suitable set of rings in such a situation seems unnecessarily inconvenient to me.