Yes, AND if you're using your emergency fund then you should be in an emergency mindset, not chilling out surfing in Bali.
If my lifestyle currently is:
- summer vacay in Bali
- two ski trips, one US, one in the Alps
- eating out once per week
- daily Starbucks
- …
FU$ means I continue doing EXACTLY this, for 6/12/18 months.
Emergency fund would be I cut down all my expenses to a bare minimum until I find new source of income. Can’t say FU if I can’t go to Bali (I love Bali :) )
I agree with the zen masters description though. I wouldn't be so zen about it either.