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What's the worst thing that ever happened to your e-fund?

I realize I'm a bit late to this thread.

I've had a number of e-fund problems, including exploratory surgery on the cat and a brake job on the car. There was also the time I was on short-term disability while recuperating from surgery, and Cigna took several weeks to send a check. The e-fund paid the rent while I was on hold with Cigna. That was probably the worst hit the fund took, because I had to pay two month's worth of utilities and rent from the e-fund.

When I went through a long period of unemployment, the e-fund helped pay COBRA.

The best thing the e-fund has given me is the ability to sleep at night, and not lie awake wondering how I would pay a crucial bill. I know the general advice is to keep the e-fund at $1,000 while paying down debt. I'd make that one month's bare bones expenses. (Housing + utilities + COBRA and/or deductible on insurance). But that's just me.

We've had a number of posters on this board who insisted that having any e-fund whatsoever while paying down debt is stupid, because it's better to just keep shoving unexpected expenses on the credit cards at 13%, and still others who insisted that any e-fund, ever, at any time, was ridiculous, because what you do with extra money is invest it. Then, when you suddenly need to pay for COBRA or the mortgage, or the deductible on the car, you sell some of your stock. I couldn't live that way.

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