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Emergency funds, reserve funds and float are all back up funds. This is because emergency funds is the backup to your bitcoin investment and should be tampered with last after you have spent your float and reserve funds incase you lose your job. Reserve funds acts as a back up funds to your emergency funds and that's why you don't touch your emergency funds until a real life emergency plays out. Float is the backup to your reserve funds.
It is obvious you can't really differentiate between this three terms and the purpose which they are meant for.It is misleading for you to say that reserve funds is the backup funds for emergency funds and this purely means that you don't know what reserve funds and floats point are.I would shed a little light on the purpose of the terms.
Emergency funds is only meant for one purpose, which is purely for emergency since live is full of uncertainty.The next one is reserve funds, reserve funds is not meant to act as a backup to emergency funds but rather the purpose of reserve funds are funds for specific expenses which is being kept aside and to be used for a particular purpose.
Lastly,the float funds doesn't act as a backup funds for reserve funds,the float is the money that is held temporarily in our account before it is being used up.
Sometimes we lay too much emphasis on this particular conversation and at the same time we misunderstand this whole reference, We know this emergency funds are for emergency purposes considering the uncertainty circumstances of emergencies, At the same time reserve funds like you said is meant for a particular purpose, I will disagree with that because reserved funds are there to help to sustain us when other needs arises when we’ve probably have no source of income at some point, there is huge difference between reserve and emergency, any expenses can arise and we don’t have a source of money then we can make use of our reserved funds, the needs might not really be specific in a situation.
Perhaps I will have to agree with you at some point as well for someone saying that reserve funds is a backup funds for emergency funds, I’m wondering how this actually sounds to someone making this reference, it’s as simple as emergency funds are for emergency needs, considering that we’ve kept this strategies for a long period of time and we’ve acquired reserve funds as well which can take care of our needs and expenses when there is uncertainty in our finances and source of income, flot are money kept or held as cash or can be in our bank account which isn’t necessarily as a back up funds can be for our needs. Which at the same time might not be very specific.