Based on the urgency we should not think of spending. I've encountered similar situations and most of them were medical bills. In such situation we can't take any other decision. We can try other choices available, and mostly things won't work in emergency situation. Somehow we need to handle the situation with what is available with us.

Emergency funds are must with everyone's savings. I saw in a thread where an user got an opportunity to pay his wife's medical bill for pregnancy with bitcoin. He hadn't discussed about the market, but he found the direct paying access a better thing. So, at need we need to feel happy with the fund than the market.