Snave: I hear ya. First, everyone seems to have a different definition for emergency fund. An emergency fund just for losing a job has to be handled differently than an emergency fund that is for anything unexpected that pops up.
Also, are you loaded, or are you scraping by. If you have hundreds of thousands of dollars in mutual funds, you have nothing to worry about. If every dime is expended every month, a rock-solid cash fund is going to be really important.
How stable is your job? Your industry? Is there a 2nd income in your household? Do children depend on you putting food on the table, or is it just you who could live on Ramen noodles for a while if things really get rough.
I think you see where I'm going with this...
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