We set up a money market acct through my retirement savings company. It's a PITA to get to, so we don't bother it unless there is going to be a MAJOR purchase. Also, you can only make a withdrawal of $500+, so it truly is ONLY for big bills.
We started it when we were saving for a house, (spent a lot of it on the down payment) then starting saving again for fertility treatments. Luckily we didn't need to spend it on that, but we kept adding to it and it became the EF.
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