Emergency fund takes a hit lately. We are now down to three months of covered expenses. Normal monthly expenses total $4,000. However, we can cut back and lower the monthly expenses to a minimal level ($2,500) as we already have a plan in place.
Now that I’m back to work after a month-long vacation abroad with my wife and my daughter, our goal is to replenish our emergency fund back to six months of expenses. Then we will continue to overpay the mortgage to get rid of it while we are still young.