Is It OK to Tap Your Emergency Fund Due to Higher Living Costs?

Is It OK to Tap Your Emergency Fund Due to Higher Living Costs?

You never know when an unplanned bill, like a home or car repair, might pop up out of the blue. Having money in the bank could make it possible to pay your bills while you look for work, thereby avoiding debt in the process. Or should you be reserving your emergency fund for true emergencies?