As the name implies, it must be for a financial hardship or emergency.

I recently wrote a blog on emerging markets.

After 6 month of building an emergency fund for the UK property, I'll use that also to cover part of the debt.

How much emergency living/life cash should you keep on hand to be safe?

What markets do you guys recommend for an emerging market?

@Amanda M Laird check out Emerging Markets by David Lindahl.

I still had a fully funded emergency and opportunity fund on the side as well.

I have credit, additional that is for the emergency stuff that comes up - oh, we need to replace the water heater and didn’t plan for that...

Emergency repairs only.To maintain cash flow you must keep repairs to a minimum.

I will be documenting this entire strategy from the start (I will also be using current savings account data each month because I will still keep my emergency fund in that account), and hopefully provide very detailed numbers of this strategy in practice.Thanks to everyone who provided their input in the original discussion and who helped with numbers!