The £1,000 emergency fund challenge.

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Comments

  • Dobbibill
    Dobbibill Posts: 4,135 Ambassador
    First Anniversary Mortgage-free Glee! Name Dropper First Post
    #45 checking in with another update £600.00 EF now.

    Good news as I didn't need to touch it for the new Central Heating, so plodding onward and upward to reach the target. Slow but sure :D

    Welcome to all our newest members. Lovely to have you all join the challenge. We will be cheering you all on :T

    DB
    I’m a Forum Ambassador and I support the Forum Team on the Budgeting & Bank Accounts, Credit Cards, Credit File & Ratings and Energy boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.

    If you can't be the best -
    Just be better than you were yesterday.
  • patman99
    patman99 Posts: 8,532 Forumite
    First Anniversary Combo Breaker Photogenic First Post
    Phew, just done a rough calculation (have not got yhe time at the moment to go through the entire thread user by user) and we have saved over £12,000. Not bad going and that title will only get higher.
    Never Knowingly Understood.

    Member #1 of £1,000 challenge - £13.74/ £1000 (that's 1.374%)

    3-6 month EF £0/£3600 (that's 0 days worth)

  • amber03
    amber03 Posts: 1,238 Forumite
    First Post First Anniversary Combo Breaker Photogenic
    No 108 updating, just rounded up my bank account and transferred the money into my EF fund making my new total of £662.08. Decided once I have my fund at £1000, will then start saving three months salary fund just in case anything happens work wise.x
    :j Debtfree and and staying that way.:j3-6 month emergency fund, No.61 £140.00
  • LittleMissDetermined
    LittleMissDetermined Posts: 8,062 Forumite
    First Anniversary Debt-free and Proud! Photogenic Name Dropper
    Hello :wave:

    I would love to join this challenge please! I will start with £15 into my savings account today.

    LMD x
    Life gets in the way...PADding is addictive...Saving's better than spending...
    My savings diary - Now for a healthier, wealthier me
    2024 1p challenge #11 | Cash envelope challenge #01 | SPC #017
    Sealed pot 2024 £2551.68 | EF £1000/£1000 | Sabbatical £970/£3000 | Holiday spends £540 | General Saver £2422.48
  • patman99
    patman99 Posts: 8,532 Forumite
    First Anniversary Combo Breaker Photogenic First Post
    Welcome. You are #135.
    Never Knowingly Understood.

    Member #1 of £1,000 challenge - £13.74/ £1000 (that's 1.374%)

    3-6 month EF £0/£3600 (that's 0 days worth)

  • Mrs_Toast
    Mrs_Toast Posts: 450 Forumite
    #102 signing in after a long absence. I'm hoping to get my emergency fund sorted ASAP as with not having this, we've got into several pickles and added to our debt :(


    #102 £40.22/£1000
    TOTAL DEBT £12,212.46/£2000 paid off
    Debt Free Goal September 2017
    #106 Emergency Fund £482.53/£1000
  • patman99
    patman99 Posts: 8,532 Forumite
    First Anniversary Combo Breaker Photogenic First Post
    Welcome back. I know what you mean about getting in a pickle financially.

    This week, I have had to fork-out on a new 4-way spotlight unit for the living room (the old one failed and took out 2 of the bulb holders) and for an electrician to fit it and a new kettle ( the switch fell off the old one and I could not fix it).

    So that's close-on £130 gone. However, i am in a position that i didn't need to touch the EF (although it was touch and go).
    Never Knowingly Understood.

    Member #1 of £1,000 challenge - £13.74/ £1000 (that's 1.374%)

    3-6 month EF £0/£3600 (that's 0 days worth)

  • Aphidgirl
    Aphidgirl Posts: 431 Forumite
    First Anniversary Combo Breaker Debt-free and Proud!
    #127 here, up to £100/£1000 in the EF. Not great but things should start to accelerate when I hopefully become debt free next month!
    Starting 2016 debt-free :D
    Emergency Fund: £350/£1000
  • sophieo16
    sophieo16 Posts: 191 Forumite
    First Anniversary Name Dropper First Post Combo Breaker
    #60 Update-

    3-6 month EF total now stands at £252.87/£3000

    I have to renew breakdown cover and have a few trips planned in October so not sure how much more i can add to my EF come the end of the month but any spare will be going in there :)

    Well done everyone with your progress so far, its so nice to hear that the EF comes in very handy and doesn't knock people off track when life little emergencies come along
    Mortgage Feb 2023- £249,210 MFW 2023 #20: £524.05/£500 (104.81%)
  • Magsnoodle
    Magsnoodle Posts: 263 Forumite
    First Anniversary Combo Breaker
    Hello all

    Number 39 here - have just worked out that I have got £93.93 in my emergency fund. All from putting in any tiny bits of interest earned on the current account and cashback from purchases. I'm dead chuffed as it has always been a worry that I didn't have an emergency fund and now it is starting to come together. I know it's not even a 10th of what is needed but it is moving in the right direction.

    Thank you Postman Pat for a great idea.
    E.F. #38 240.55/1000 SPC8 #375
    DFBXmas 2015 #162 18554 /18554 100%
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