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Originally Posted by Budgeteer
I usually advocate that people keep their emergency fund separate from their "occasional unexpected purchases" fund... The real problem with mixing the two is that you can find yourself in an uncomfortable situation if you have a big expense come along, tap your emergency fund/slush fund, and THEN have a life situation hit. If you lose your job right after spending half your funds on a new furnace, you can be stretched real thin in a hurry.
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I agree, despite what I said earlier about our EF being a fluid account. I do think that there can come a point when you have a sufficient amount of money that this concern is no longer an issue, and we've reached that point, but for many others, especially those just starting out, keeping that EF separate and sacred is very important.