I still maintain a BEF

.. even though I’m debt free! I have 1500.00 set aside “in case”. I keep it in a savings account which is readily accessible – physical brick and mortar bank in town so that I can get it if I have to. I don’t have much other ready cash on purpose, but my BEF is there in case. Just something I’ve always had for that murphy repellant. When I use any part of it (the last time I used some, my sister’s oven went out Thanksgiving week and though it wasn’t MY emergency, it was crucial that she have an oven) I immediately pay it back, by diverting my normal monthly savings plan to the BEF first. In my sister’s case, she paid my emergency fund back and I didn’t touch any of my monthly money in offering assistance to her.

I would categorize a car fund as separate from an emergency fund

Everybody knows a car isn’t built to last forever, there will be wear and tear and repairs which have to be made to any automobile so I wouldn’t use the emergency fund for the car, but rather the car fund for the car.Maybe a different way of terming the emergency fund. In the example about a car, I would use the car fund for any repairs, and any repair that is beyond my car fund, would then be funded by the emergency fund.