<prompt> Human: I have 1000 in savings and 6 months in my 401k, otherwise I live pay check to paycheck but Im happy with that. If I wanted to save 6 months for an emergency fund it would take me about 2 years of living frugally. Is it worth it? Id have to give up a lot and enjoy life a lot less now in order to save for a future job loss that may not happen. Help me understand this?Assistant: Ask yourself: If I lost my job today, how long will 1000 last me?Human: Long enough to withdraw my 401k. That will be more then enough to get another job and hopefully pay it back i know that is not ideal but is the loss of lifestyle of cutting back now worth the consequences later?  <response>: After taxes and the 10 penalty, youll be getting a lot less than you think you will. A 401k is NOT an emergency fund. 