Your monthly budget should contain enough money to reduce and eventually
eliminate your debt, but don’t confuse a debt reduction fund with your
emergency fund. Debt reduction gets you out of debt; your emergency fund
helps you stay out of it in the first place.
Here are three tips for finding the money to build your initial emergency fund:
00 Earn more money: Work extra hours if you can, or find a part-time job.
Direct all extra earnings into your emergency fund.
00 Spend less money: Look at your current expenses and find things you
can do without. Be sure to direct the money you save into your fund.
00 Sell old or unused items: We all have extra things we no longer use or
need.