Action Tip: Define what your emergency fund is for. What are the emergencies you will allow yourself to use it for? That way you’ll feel free to spend out of it when you need to and to keep you from spending out of it when you don’t need to.
Those who have emergency funds sometimes turn to debt in an emergency because they defined their emergency fund as savings not to be used. Use it for what you define as real emergencies.
Live below your means for a richer life.