I got my paycheck and allotted $1000 for the EF fund. Out of the $1000 I bought 4 new tires. Which technically wasn't an emergency but I'm guessing I wouldn't feel that way broken down on the freeway with two screaming kids in carseats. I have an older Mercedes which is built like a tank and very heavy and hard on the tires. I got the best kind which were pricey but supposedly will last on that type of cars the most. $585 was the bill. $415 left now in the ef fund. I also have the Ing Direct orange savings account with $148.20 in it. I put in $5 every two weeks. I purposly do that so I won't even notice. They gave me $25 just for opening it. No strings attached.