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Starter Emergency Fund
- Build a starter emergency fund of one month's essential expenses or £1,000, whichever is higher.
- This fund acts as your first line of defense, especially when paying off debt.
Segregate Emergency Funds
- Keep your emergency fund separate from regular accounts.
- Ensure it's easily accessible but not used for non-emergencies.
Funding Your Emergency Fund
- Explore various options to gather funds for your starter emergency fund.
- Consider selling unused items, taking on a temporary job, or working overtime.