<prompt> Human: Is a 6 month emergency fund a pool of liquid savings that can cover your bare essentials e.g., mortgage, car payments, insurance, debt minimums, fuel, groceries or your average monthly Im not out of work so Im enjoying my life expenses e.g., bare essentials cash savings, 401k, over paying monthly debt minimums, gym membership, netflix, dining out, etc.? Ive just done some accounting and my enjoying life expenses are about 50 greater than my bare essentials - Im not sure how to phrase it exactly, but essentially Id have to save up a 9 month emergency fund versus a 6 months fund if I wanted to live my life normally for 6 months without an income.I understand that the bare essentials are really what youre preparing to cover in the event of an emergency, but for you personally is that the figure youre working towards or is it more?  <response>: You can do either, but at least the bare essentials. You might literally be unable to switch to bare essentials mode at a moments notice, since some expenses have term contracts attached to them. 