I recently encountered unexpected expenses. I withdrew money from my emergency fund, and all is well.
Now, I'm a little uncomfortable with my current emergency fund balance. I can slowly recharge it, or I can accomplish this more quickly by reducing my 401k contributions, and directing it towards the emergency fund.
Would it be reasonable to temporarily reduce my 401k contributions, in order to more quickly rebuild my emergency fund? Given the following caveats:
- I will not drop my contribution below the max % match offered by my employer
- The reduction in 401k would be temporary, until I've rebuilt a comfortable emergency fund.
- All the extra proceeds would be used for the purposes of bolstering the emergency fund.
Submitted January 22, 2018 at 10:22AM by btowntkd http://ift.tt/2DwY1zY
