I have both a EF and a FA (hybrid Ramsey, Hunt). The FA includes all of my monthly/yearly expenses that are budgeted out of each pay check (ie. $35/month for birthday gifts, $70/mo household insurance, etc.). I also have a subcategory in there called "Just In Case," and I typically keep it around $500. This money is a mini EF for the other subcategories. For example, if I only have $300 in the auto expense account, but the new tires cost $400, then I first use the money in the auto account, then take $100 from the JIC account. As soon as possible, I replentish the JIC account to keep it at $500. On top of that, I have a mini EF in a regular savings account, and this is for anything that is too big for the sub account budget, JIC, and we would need addional money. So far, we haven't had any thing that couldn't be handled between the JIC and the appropriate sub account. I am also building my EF up as soon as possible.
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