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an e-fund of 18 months of expenses seems like a luxury when you have significant consumer debt. I'm sure opinions differ, and I certainly don't know your situation or risk tolerance, but perhaps reduce that down to 12 months of expenses (or even 6 months) and use that for some significant debt reduction, provided that you then build it back up again.

We've never had an 18 month e-fund, although we do have other resources that we can draw on in a true emergency. The e-fund was up to around 12 months at one point. Ours is probably around 6 months currently, but plenty of money in retirement (trad IRA, roth IRA, 401(k) plans) and no debt. Employment is very secure and on track for retirement in 5-10 years.
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