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[quote=Anonymous]Do you have one? 
- Yes

How much is in it - both from an actual dollar perspective, and from a months-of-expenses perspective? 
- $15k. That's about 6 months of mortgage payments. We have two stable incomes, so worst case we'd expect is to be on one income for a sustained period. We are still trying to grow this fund, however. We just wiped out a lot to buy a home.

Where do you keep it? 
- Liquid savings account. Once we hit about $20k on hand, we'll start putting some of it into a vanguard account.

What is it intended for, i.e., how do you define an "emergency"? 
- Job loss, medical emergency, major unexpected repair on home/car. Things of that sort.

Do you have a separate fund for unplanned yet expected expenses, like big home repairs, or do you lump it all together? 
- Sorta. We have a rolling budget of $500/mo for home repairs and whatnot every month. The additional gets added to the fund, so this accumulates over time.

Have you ever used it? What for? 
- We dipped into it for a down payment, but made sure to leave sufficient buffer as to be comfortable.

Not ideal, but not bad. 
We're 25 for reference. [/quote]

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