Most emergencies aren't emergencies per se. They are of the unexpected or inconvenient type.
Such as water pipes burst and must call out plumber but a hefty plumbing fee is not in THIS month's budget.
Or the transmission goes out on the car.
The MM feature at my bank is instant. It has check writing available. I just write the plumber a MM check. I pay the transmission guy w/my CC and then move the online money back local then payoff CC. Simple. In my mind there is not a need to have a large amount of money sitting idle. We decided on keeping a little over $2500 (lower-limit w/o fees) in the MM and moving the rest on out to being liquid, but yet earning some better interest. The need for much more than that in an emergency situation seems improbable to me.
Various families and scenarios could conceivably call for keeping more $s liquid - I'd like to hear about those situations. Anybody got some special situations I haven't thought of?
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