Read that again. It's saying that you should have six months of income in some form that is readily available. Cash under the mattress would be extreme, but an interest-earning savings account would be good. Then, anything beyond that six-month emergency fund should be put to work.
As you well note, reality often puts a chunk of that six month cash buffer to work defraying unplanned expenditures. Ask my transmission guy how I know. :0(
cars will get you every time.
AND if you are really unlucky, they conspire with the household appliances and the ar will give it up at the same time as the fridge and the hot water heater.
Personally, I think they are out to get us all...
I get it now, beyond the six months of payments.
That makes sense.
I don't think I've managed to do that yet.
Thanks. :-)