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when I think about what I might need emergency funds for it basically boils down to transportation...

Then you don't understand what an efund is for.

What about the emergency called "I got let go from my job"?

The purpose of an eFund is to cover your expenses for that possibility.

Your expenses during unemployment may actually be lower, because you won't be contributing to a 401K, and your transportation costs will probably be lower, too.

Replacing things that are reasonably expected to wear out (cars, the roof on your house, your furnace, etc.) are not emergencies in the sense that we KNOW they are going to happen, and they should be in your budget.

I have an efund that's roughly 25% of my annual income. I also have a "buy a newer car" fund, and a "house maintenance fund."
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