3-6 Month Emergency Fund Challenge!!

lilyflower7 · 8 April 2017 at 7:02AM

Hi! :wave: I'm hoping I can join this thread, I've just had to borrow money from my EF to pay an urgent-ish bill and while I know that's what it's for, I don't feel very on top of it at the moment. I didn't even realise what my balance was until I logged in yesterday

so I'm hoping this thread will help me be more motivated to put money in and build up my EF.

I have £802.30 at the moment and I'd like to start with an initial goal of £3,000.

Dobbibill · 8 April 2017 at 9:26AM

lilyflower7 wrote: »

Hi! :wave: I'm hoping I can join this thread, I've just had to borrow money from my EF to pay an urgent-ish bill and while I know that's what it's for, I don't feel very on top of it at the moment. I didn't even realise what my balance was until I logged in yesterday so I'm hoping this thread will help me be more motivated to put money in and build up my EF.

I have £802.30 at the moment and I'd like to start with an initial goal of £3,000.

Welcome to the thread lilyflower7, :hello:

Of course you can join.

There's lots of support and motivation here and when Helen pops in she will give you a number and pop your progress and target on the first page.

Keep us updated with things, we will cheer you on

skye_blue · 10 April 2017 at 5:37PM

hi guys

u ok helen

please add £20 to my total

i asked on my mortgage free wannabe diary if anyone knew if car boots were allowed on easter sunday, - no replies but just in case anyone was thinking of doing one our local one is going ahead and donating half the fees to the church

thanks and keep going everyone

Determined_diva · 10 April 2017 at 9:45PM

Hi all

Im off the block again with £85 in the pot! #68

woo hoo it feels great!
DDx

[Deleted User] · 11 April 2017 at 1:08AM

skye_blue wrote: »

hi guys

u ok helen

please add £20 to my total

i asked on my mortgage free wannabe diary if anyone knew if car boots were allowed on easter sunday, - no replies but just in case anyone was thinking of doing one our local one is going ahead and donating half the fees to the church

thanks and keep going everyone

I'm an avid car booter (can you guess that from my username?:rotfl:) and honestly don't know if they're allowed or not:o. I know I've done them on Easter Monday a few times but as I'm busy doing other things on the Sunday I don't take much notice. You've got me thinking now;)

I know when I used to help out in a family furniture store at the weekends that Christmas Day and Easter Sunday were the only 2 days of the year when stores (real bricks-and-mortar ones that is) of a certain size were not allowed to open by law. Even that may have changed now though.

Savvy_sewing · 11 April 2017 at 7:52AM

My being away has meant that I could play around with my bank account balances this morning and I have rounded up my emergency funds to £400 total today.
I have also added a small amount to my next holiday fund. the plan is to top both funds up equally with what ever I have surplus as although I just got back from Portugal I am due to go to Spain in August with my BF so I will need to at my way with that. I did have €215 left in my holiday purse so that's a good start for me.

wegle · 12 April 2017 at 3:56PM

Hello everyone, sorry I've not been able to update for a while. I actually had to go into hospital for an operation so have been off work and a little incapacitated for the last 4 weeks. Unfortunately I need to drop down my saved so far figure #74 to £422.62. Weird issue, I got a promotion at work (yay!) and decided to start paying into the works pension so I got a fair amount less salary this month so had to use a bit of savings just to see me through until I get paid this month.

Good thing is I've rejigged my whole budget and it looks like I'll actually be able to save a lot more each month from here on out.

abundant1972 · 12 April 2017 at 8:34PM

Happy (belated!) April everyone!!!

So I did make my usual payment on 01st Month:

Amount added = £250
3-6 Month EF = £3050/£4500

However... on the 18th of this month I'm going to clear the following:

Sainsbury's CC : £825
M&S CC : £525
TESCO CC : £550

This will take me back down to £1150/£4500 but I will be debt free, and £225/month better off from my April pay packet as no CC payments outgoing. I'll still have my ISA (now £3683.65!)... and I'm going to go at this challenge with renewed vigour!!!

DreamerHelen · 14 April 2017 at 6:51AM

Morning Everyone...

I think things have turned a corner for now...thank goodness....I am feeling much better health-wise, my working is flourishing, my emotional state is better this week and I'm eating better...So all in all MUCH MUCH MUCH better than the last several months...Hope it continues this way

I've also managed to FINALLY put another Fiver in my £6000 Emergency Fund and my General £1000 Emergency Fund...So I'm really pleased with myself....It's a slow progress but I'm happy with that....

So here's to the Updates... xXx

HoneyBee83 - I've Updated the First Page...You're doing AMAZING!! Keep on going....How is the pooch doing now? xXx

Dragon Lily - I've Updated the First Page...You go over the £1000-mark...WELL DONE and you're doing AWESOME!! Keep on moving forwards....I'm feeling much better thank you hun xXx

carbootcrazy - Thank you so much for helping our Members out and supporting all of us...It's much appreciated...How are you doing? xXx

lilyflower7 - WELCOME WELCOME WELCOME to our little family...it's lovely to have you here...and you most welcome to be here...I have added you to the Members List on Page One...You're already doing INCREDIBLE....I know you can stay motivated xXx

Dobbibill - Thank you for welcoming our newest Member...I really appreciate you always being so lovely...I hope you are well hun xXx

skye blue - I've Updated the First Page...You're doing BRILLIANTLY!! Keep on going....I am doing okay thanks hun xXx

Determined diva - I've Updated the First Page...You're doing AMAZING!! I know you can do this... xXx

Mooloo - I've Updated the First Page...You're doing INCREDIBLE as always....Keep going....How was Portugal? I hope you had an amazing time... xXx

wegle - I've Updated the First Page....You're doing BRILLIANTLY!! Keep on going....How are you now after the Operation? We are always here for you hun xXx

abundant1972 - I've Updated the First Page...You're doing AMAZING!! I've put the Total as £3050 but can you confirm that is right for now? If you're going to be Debt Free that's so worth using your Emergency Fund....Do let us know when that happens as I'm sure we will all want to celebrate with you xXx

HoneyBee83 · 15 April 2017 at 9:01AM

carbootcrazy wrote: »

I cancelled my pet insurance last year because they were very selective in what they'd actually pay out for. Even when the treatment was claimable the excess made it barely worth it and then the premium went up the next year as a result anyway. I'll take my chances with what I can manage to save. I'd never neglect getting any treatment my lovely cat needed and I'd find it somehow;)

I actually decided to cancel mine this week. None of the vet visits would of been paid out by insurance so I have decided to pop the saving into the Emergency Fund. I spoke to my vets and they said they would more than happily let me pay monthly on a large bill using a standing order and a decent first payment... Sorted!

Managed to put £20 into my EF this week so I'm now at £135.00 :T

3-6 Month Emergency Fund Challenge!!

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