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  • FIRST POST
    • patman99
    • By patman99 3rd Oct 14, 10:35 PM
    • 7,916Posts
    • 9,330Thanks
    patman99
    The 1,000 emergency fund challenge.
    • #1
    • 3rd Oct 14, 10:35 PM
    The 1,000 emergency fund challenge. 3rd Oct 14 at 10:35 PM
    Got the idea for this after listerning to the 'Dave Ramsey Show'.

    The idea is to accumulate an emergency fund of 1,000 sitting in a Bank account just in case of emergencies.

    You must not leave yourself short in order to reach your goal.

    Members-
    #1 Patman99 .................................................. ..#2 Hummingbird
    #3 GaLa15 .................................................. .....#4 Trixibell
    #5 Making_The_Best_of_it ............................#6 Dolly Rocker
    #7 Nintud .................................................. ......#8 Speakingofart
    #9 Calling14 .................................................. .#10 Aloofdragon
    #11 Eyebright .................................................. #12 Chrisfreelander54
    #13 DreamerHelen ........................................#14 mobo1980
    #15 sunshinegirl66 .........................................#16 MrsSave
    #17 rosieben .................................................# 18 peony40
    #19 Buffythedebtslayer .................................#20 October Starter
    #21 monz .................................................. .....#22 georgiebrown0
    #23 Jubilee76 ................................................#2 4 Debt Free Desires
    #25 abundant1972 ..........................................#26 Toomuchtodo
    #27 I-need-to-be-debtfree ............................#28 WantToBeSe
    #29 Bobarella ................................................#3 0 Muser1
    #31 twiggy86 ................................................#3 2 laurababs
    #33 Roundthebend .......................................#34 Kermit2601
    #35 StressedSteph ........................................#36 YoungBusinessman
    #37 redlaces .................................................# 38 stiltoncheese
    #39 Magsnoodle ...........................................#40 MessyBetty
    #41 ruby_eskimo ..........................................#42 IrishRose12
    #43 carbootcrazy ..........................................#44 Simply_Saving
    #45 Dobbibill ...............................................#46 grassgirl
    #47 Ms.Dita .................................................# 48 On my way
    #49 CountingPennies ................................#50 Tilly MFW in 6 YRS
    #51 Hoipolloi ...............................................#52 pozza_73
    #53 newroadahead .......................................#54 Pinksteps
    #55 kdalwayskint ........................................#56 So Very Confused
    #57 marleyboy .............................................#58 bmma
    #59 Vkz .................................................. ......#60 Ep007
    #61 sophieo16 ...............................................#62 tinks112
    #63 Stereochild .............................................#64 Laurag89
    #65 Nicki_Sue ...............................................#66 Inthedoghouse
    #67 Depth of field .........................................#68 happybunny86
    #69 R2B .................................................. ......#70 Toomuchdebt
    #71 Mbizi .................................................. ...#72 littleangels3
    #73 dida80 .................................................. .#74 Harleyquinn
    #75 BabyBetty ..............................................#76 Sallybunny
    #77 Meezel ...............................................#78 rising from the ashes
    #79 newpennypincher ................................#80 damondash
    #81 Jonesy88 ..............................................#82 clumsychaos
    #83 MrCrimeFiction ...................................#84 MrsR68
    #85 29Found ..............................................#86 Kelxx
    #87 January2015 ........................................#88 Jacko_amz
    #89 Kayalana99 ..........................................#90 Andyfromotley
    #91 Jon81 .................................................. ..#92 astrid35
    #93 LullaBelle .............................................#94 BuildingBricksOfGold
    #95 Hadalbm ...............................................#96 Meatloaf1981
    #97 Daisychain1 ........................................#98 bestfootforward
    #99 *DramaQueen* ...................................#100 eveie189
    #101 Casper123 ..........................................#102 Lazer-zxr
    #103 DeafLeopard ......................................#104 nicing
    #105 joee .................................................. ..#106 Mrs Toast
    #107 RaspberryJiuce .................................#108 takingcontrolatlast
    #109 parsniphead .......................................#110 NoLifeWithoutYou
    #111 PollyPrissypants ................................#112 amber03
    #113 teeni .................................................. .#114 bogbrsh250
    #115 thegreenone .......................................#116 inamin
    #117 Hope78 ..............................................#118 Bored
    #119 King_Slayer .......................................#120 BettyBoof
    #121 Cat Girl ..............................................#122 Triangle
    #123 nannygladys ......................................#124 myamyamoo
    #125 nows the time ....................................#126 milky1991
    #127 Lina T ................................................#1 28 sugar123
    #129 evo5819 .............................................#130 *snow*white*
    #131 Digging ..............................................#132 belleandthebudget
    #133 Aphidgirl ............................................#134 Grabs39
    #135 Tinkerbelle2000 ................................#136 cybertortoise
    #137 Blue_Bird .........................................#138 Snorkypants
    #139 B17c .................................................# 140 lincs1205
    #141 stormpassing .................................#142 LittleMissDetermined
    #143 The Only Girl .....................................#144 nellis10
    #145 Swash .................................................# 146 Justforme
    #147 crv1963 ...............................................#14 8 mossy
    #149 Ellieseleven ........................................#150 bilbodreams
    #151 Claire1a ..............................................#152 mrs motivated
    #153 fairyclicks ..........................................#154 12 month challenge
    #155 chasingdreams ...................................#156 lexbubbles
    #157 Moonbean ......................#158 MadCoderWhatCodesAtMidnig
    #159 rylee12 ...............................................#16 0 JHiggins91
    #161 Dandytf ..............................................#162 5erge
    #163 nextyeartina ........................................#164 sarahm0rris
    #165 NeedToBeDebtFree ............................#166 moneytree1
    #167 strandedinaber .....................................#168 Heartland
    #169 Cutcostsandsave ..................................#170 Kim_13
    #171 PinkWhisk ..........................................#172 debbie_debt
    #173 Jo3y83 .......................................#174 Havecourageandbekind
    #175 Effyb4 .................................................# 176 Monks
    #177 doingitanyway ....................................#178 lcc86
    #179 Positivelypunked ...............................#180 evuka
    #181 BelleBelles19 ..................................#182 little library lady
    #183 Anna-marie3363 ............................#184 Meezel
    #185 LABMUM ........................................ #186 -Selene
    #187 PositiveBalance ..............................#188 Grandad's Offspring
    #189 Kimplus8 ........................................#190 Hanliam
    #191 Chazz.Collins .................................#192 TrushTush
    #193 swimminginaseaofdebt .....................#194 BlackFrosting
    #195 evo5819 ...........................................#196 Hermionesaver
    #197 cheesedoffwithdebt ........................#198 PennyJar
    #199 Julie67 ...............................................#20 0 Angelicious
    #201 Pinkwhisk .....................................#202 tibbles209
    #203 Lauralozzle ..................................#204 ButterflyBee
    #205 Smolly .........................................#206 Dobs
    #207 Treasurequeen ..............................#208 ab_saver
    #209 BeTheChange ..............................#210 Anita55
    #211 primalmother ................................#212 Kawaii corgi
    #213 Thora ...........................................#214 PoorGuyNextDoor
    #215 2sonmum ....................................#216 theresamum2
    #217 luvabargain ................................#218 missy83
    #219 willkeepontrying ......................#220 mumto2girlsandaboy
    #221 Bluelala ........................................#222 LianneH
    #223 Treasurequeen ..............................#224 Whoknowskt89
    #225 Foxyloxy11 .................................#226 Bird.Heart.Mouse
    #227 Stb ...............................................#22 8 Macey1510
    #229 Dreamtruce ..............................#230 IndigoWarrior
    #231 ploppy57 ....................................#232 Claremylove
    #233 foxyloxy11 ...................................#234 Muser1
    #235 XSpender .....................................#236 PlaysNicely

    This list is correct as of 19/1/17.
    Last edited by patman99; 27-06-2017 at 8:02 PM. Reason: List got 'lost'.
    Never Knowingly Understood.

    Member #1 of 1,000 challenge - 244/ 1000 (that's 24.4%)

    3-6 month EF 240.61/3600 (that's 4 days worth)

    Do you/your spouse earn less than 197 p/w ?. Fill-in Form R85 and get your Bank interest Tax free.
Page 1
    • hummingbird
    • By hummingbird 4th Oct 14, 11:59 AM
    • 1,481 Posts
    • 7,388 Thanks
    hummingbird
    • #2
    • 4th Oct 14, 11:59 AM
    • #2
    • 4th Oct 14, 11:59 AM
    Hi Patman,
    I'd like to try this, but it would be a bit different. I have a credit card with 1500 outstanding balance, which I could pay off using this challenge. It could then be an "emergency fund" if the need arose.

    Thanks for thread!
    hummingbird
    10 a day extra in January[B]27.56/310[/B]
    Sealed Pot#133 x2 from Sue. Pay off all your debt in 2017 - 200/5000
    Virtual Sealed Pot #8 21/750
    Christmas 2017 1 a day #95 30/365
    You can find my diary here:http://forums.moneysavingexpert.com/showthread.php?t=5189836
    • patman99
    • By patman99 4th Oct 14, 2:53 PM
    • 7,916 Posts
    • 9,330 Thanks
    patman99
    • #3
    • 4th Oct 14, 2:53 PM
    • #3
    • 4th Oct 14, 2:53 PM
    Well, it is whatever works best. I have a credit card with a 2,500 limit that I have 250 to pay-off, so in theory I have 2.250 emergency fund but as my aim is to clear and close all my cards and loans, I will only use this card to rebuild my credit score.
    Never Knowingly Understood.

    Member #1 of 1,000 challenge - 244/ 1000 (that's 24.4%)

    3-6 month EF 240.61/3600 (that's 4 days worth)

    Do you/your spouse earn less than 197 p/w ?. Fill-in Form R85 and get your Bank interest Tax free.
    • GaLa15
    • By GaLa15 6th Oct 14, 12:05 PM
    • 198 Posts
    • 993 Thanks
    GaLa15
    • #4
    • 6th Oct 14, 12:05 PM
    • #4
    • 6th Oct 14, 12:05 PM
    yes please could I join too
    LBM April 2014: Every Single Penny Counts

    Overdraft: 1000 580
    School Fees: 5500
    Barclaycard: 6709.05
    Halifax: 5280.56
    • hummingbird
    • By hummingbird 6th Oct 14, 3:50 PM
    • 1,481 Posts
    • 7,388 Thanks
    hummingbird
    • #5
    • 6th Oct 14, 3:50 PM
    • #5
    • 6th Oct 14, 3:50 PM
    For me at least by getting this card paid off I'll be saving on the interest each month - then if I did have to use the credit again later I wouldn't be in any worse position than I am now. First step is to get the exact balance on this card - think it might be just under the 1500, hopefully anyway!
    10 a day extra in January[B]27.56/310[/B]
    Sealed Pot#133 x2 from Sue. Pay off all your debt in 2017 - 200/5000
    Virtual Sealed Pot #8 21/750
    Christmas 2017 1 a day #95 30/365
    You can find my diary here:http://forums.moneysavingexpert.com/showthread.php?t=5189836
    • Trixxibell
    • By Trixxibell 6th Oct 14, 4:31 PM
    • 686 Posts
    • 2,176 Thanks
    Trixxibell
    • #6
    • 6th Oct 14, 4:31 PM
    • #6
    • 6th Oct 14, 4:31 PM
    Hiya

    Can I join please this has been a goal of mine for a while in addition to beating my debt.
    3rd LBM July 2014: Debt 31,416.68 Down To: 23,403.43 15th July: 25,709.83 26th March: 31,229.68
    CC 0 WFTC 1660, SLC 6600, Car 18,654, Emergency Fund 1,000
    • patman99
    • By patman99 6th Oct 14, 8:31 PM
    • 7,916 Posts
    • 9,330 Thanks
    patman99
    • #7
    • 6th Oct 14, 8:31 PM
    • #7
    • 6th Oct 14, 8:31 PM
    All are welcome. I have updated the list, so check out your #.
    Never Knowingly Understood.

    Member #1 of 1,000 challenge - 244/ 1000 (that's 24.4%)

    3-6 month EF 240.61/3600 (that's 4 days worth)

    Do you/your spouse earn less than 197 p/w ?. Fill-in Form R85 and get your Bank interest Tax free.
    • hummingbird
    • By hummingbird 7th Oct 14, 4:20 PM
    • 1,481 Posts
    • 7,388 Thanks
    hummingbird
    • #8
    • 7th Oct 14, 4:20 PM
    • #8
    • 7th Oct 14, 4:20 PM
    Checking credit card a/c online wasn't very helpful - my minimum payment had gone on but they hadn't added the interest and my repayment option plan payment on so the actual total was still a bit of a mystery. I have made an additional 20 payment though over the minimum, so I'll start with that as my figure and adjust when I have the up-to-date statement.
    10 a day extra in January[B]27.56/310[/B]
    Sealed Pot#133 x2 from Sue. Pay off all your debt in 2017 - 200/5000
    Virtual Sealed Pot #8 21/750
    Christmas 2017 1 a day #95 30/365
    You can find my diary here:http://forums.moneysavingexpert.com/showthread.php?t=5189836
  • Making_The_Best_Of_It
    • #9
    • 7th Oct 14, 10:07 PM
    • #9
    • 7th Oct 14, 10:07 PM
    Oh.. This is exactly what I need to do. Can I join patman? Not sure how long it will take, but when I achieve this it will be a very big deal to me. I've just realised that I haven't ever had any savings!!
    • Dolly Rocker
    • By Dolly Rocker 8th Oct 14, 1:56 PM
    • 3,243 Posts
    • 9,082 Thanks
    Dolly Rocker
    Hi,

    I would love to join in this please.

    Lord only knows when I will have the 1000.00 but like you say no time limit at all!

    Thanks Dxxx
    Goals
    Debt free by Christmas 2017
    Save for Christmas 2017
    Goal weight of 10st 7lbs by Christmas
    Add to deposit savings
    • patman99
    • By patman99 8th Oct 14, 7:21 PM
    • 7,916 Posts
    • 9,330 Thanks
    patman99
    2 more added. The list is growing.
    Never Knowingly Understood.

    Member #1 of 1,000 challenge - 244/ 1000 (that's 24.4%)

    3-6 month EF 240.61/3600 (that's 4 days worth)

    Do you/your spouse earn less than 197 p/w ?. Fill-in Form R85 and get your Bank interest Tax free.
  • Making_The_Best_Of_It
    making a start
    50/1000 to start me off. Now to leave it there!! I realised that I actually have approx 900 'saved' in the credit union but its tied to the smaller loan so I'm not counting that as emergency savings as I can't withdraw it. Probably the only reason it's still there!
    thanks again patman

    MTB
    Loan 1: 12,148
    Loan 2: 2,700
    Card 1: 470
    Card 2: 970
    All Approximate values - TBC
    Total: 16,288.
    • Nintud
    • By Nintud 9th Oct 14, 12:15 AM
    • 182 Posts
    • 548 Thanks
    Nintud
    Can I be added too please?

    I have a small emergency fund but am about to take a chunk out to replace a ceiling after a leak (that counts as an emergency in my book!). Once that is paid for I'll start building on the few pennies that remain.
    MBNA 0/2320. Sant 0/5115 Windows: 186/2050 GC 0/170
    0/21lb for . Per day 31/365. Emergency Fund #7: 650/1000
    - - - -
    What matters is how we live and love and how we spend our dash. (L Ellis)
    • Trixxibell
    • By Trixxibell 9th Oct 14, 12:26 AM
    • 686 Posts
    • 2,176 Thanks
    Trixxibell
    Thanks for my number xxx
    3rd LBM July 2014: Debt 31,416.68 Down To: 23,403.43 15th July: 25,709.83 26th March: 31,229.68
    CC 0 WFTC 1660, SLC 6600, Car 18,654, Emergency Fund 1,000
    • speakingofart
    • By speakingofart 9th Oct 14, 7:10 AM
    • 349 Posts
    • 3,889 Thanks
    speakingofart
    Can I be added too please? I've just finished paying off my overdraft and have recently realised just how important an emergency fund is, so this is one of my top priorities!
    Proud to be debt free September 2014.

    Sisu.
    • Calling14
    • By Calling14 9th Oct 14, 11:46 AM
    • 2,432 Posts
    • 18,053 Thanks
    Calling14
    I still have credit cards to pay but want an emergency fund as live with no back up cash, only me household. Have own house small mortgage and lately had no end of disasters where some savings would have been great. Plays on your nerves sometimes and I am a born worrier so would like to join pretty please your challenge.
    LBM 13039 1.1.13 NOW 1880
    PAYDBX 2017 #16 2420/4300 DFD 10/17 ?
    E
    Fund #9 120/1,000
    1 x 100 days challenge26 #3 370/ 1400 ends 13/9/17


    • patman99
    • By patman99 9th Oct 14, 9:56 PM
    • 7,916 Posts
    • 9,330 Thanks
    patman99
    2 more on the list. Who will be member #10 ?.
    Never Knowingly Understood.

    Member #1 of 1,000 challenge - 244/ 1000 (that's 24.4%)

    3-6 month EF 240.61/3600 (that's 4 days worth)

    Do you/your spouse earn less than 197 p/w ?. Fill-in Form R85 and get your Bank interest Tax free.
    • Aloofdragon
    • By Aloofdragon 10th Oct 14, 3:43 AM
    • 336 Posts
    • 1,357 Thanks
    Aloofdragon
    Me please Patman x I am starting a long old road just this week and as CC are paid off the accounts are being shut down so its imperative I start an emergency fund I will alter my sig from 500 to 1000 x
    Weightloss -36.5lb/64lb.
    Christmas savings 200/800.
    Hol savings 300 /500.
    Birthday savings 50 /100.
    100 days #20 Credit union 40/1150
    • Eyebright
    • By Eyebright 10th Oct 14, 7:31 AM
    • 860 Posts
    • 4,682 Thanks
    Eyebright
    This is right up my street, just what I need! I already have a savings account that is my Emergency Fund, but I'm not sure there's a lot in it

    Will check and report back later this evening. Hopefully this challenge will be the motivation I need to start filling it!
    DFD Feb 2018 Total debt now 12672.13 6919.63
    EFC #11 150/1000 = 15% achieved
    • Dolly Rocker
    • By Dolly Rocker 10th Oct 14, 11:30 AM
    • 3,243 Posts
    • 9,082 Thanks
    Dolly Rocker
    Hey,

    #6 Dolly Rocker 0.00/1000.00

    Thanks for the number, I will hopefully be able to start transferring some cash into my new fund at the end of the month.

    Looking forward to having this 1000.00!!

    Dxxx
    Goals
    Debt free by Christmas 2017
    Save for Christmas 2017
    Goal weight of 10st 7lbs by Christmas
    Add to deposit savings
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