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.