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  • FIRST POST
    • DreamerHelen
    • By DreamerHelen 20th Oct 15, 8:30 AM
    • 2,543Posts
    • 13,648Thanks
    DreamerHelen
    3-6 Month Emergency Fund Challenge!!
    • #1
    • 20th Oct 15, 8:30 AM
    3-6 Month Emergency Fund Challenge!! 20th Oct 15 at 8:30 AM
    Morning Everyone....


    I have been wondering for MONTHS now about what would happen if there was some kind of Emergency....I am self-employed and also starting a new Business which will also be on a self-employed basis....so I will never get holiday pay or sick pay....although I AM hoping to maybe get an employed Job but that would only be for a couple of days a Week so it won't cover me completely if something were to happen....


    My health is not wonderful at the moment, and hasn't been for a while, but I'm going to start trying to lose Weight once I've moved Flats (which I'm doing this Weekend!!).


    So the point of this Challenge is to save up at least 3 month's worth of wages....that can be a different amount for each person....and some people might want to save up to 6 months if they are feeling ambitious!!


    Me personally, I want to save 3 months worth of wages which for me will be £6000.


    Now, there is ABSOLUTELY NO TIME LIMIT on this Challenge...in fact I suspect it could take me Years to get to the point of having 3 months wages as Savings....For now I can only afford £5 per week but as my new Business builds up (hopefully!!) then I should be able to afford more.


    This Thread is mainly for us all to encourage each other to keep on Saving and to celebrate when we reach milestones, however large or small they may be.....Like for me, when I get to having £500 I will be ecstatic!!


    I also wanted to say that if at any time an emergency crops up and you need to use your Fund and then start again then please don't worry about doing that.....It's what the Emergency Fund is there for after all....


    I don't like having Savings in the Bank as I get too tempted to spend them so I'm going to invest in a Terramundi to put my Savings into at least at first......but other's may choose to use their Bank Accounts or a Tin from Poundworld...or stuff it under your Mattress!!


    Sooooo.....Here we go.....I'll add the names below as people Join....xXx




    CHALLENGERS
    1) DreamerHelen - GOAL: £6000 CURRENTLY: £105/£6000
    2) Dobbibill - GOAL ONE: £9000 CURRENTLY: £9000/£9000 - COMPLETE!!
    2) Dobbibill - GOAL TWO: £9000 CURRENTLY: £3904.72/£9000
    2) Dobbibill - GOAL THREE: £1000 CURRENTLY: £161.69/£1000
    3) Patman99 - CURRENTLY: £240.61
    4) LittleMissDetermined - GOAL: £7129 CURRENTLY: £3950/£7129
    5) Sophieo16 - GOAL: £3000 CURRENTLY: £3000/£3000 - COMPLETE!!
    5) Sophieo16 - NEW GOAL: £4000 CURRENTLY: £2862.51/£5000
    6) Crv1963 - INITIAL GOAL: £7800 CURRENTLY: £10/£7800
    7) Mothernerd - INITIAL GOAL: £1000 CURRENTLY: £1000/£1000 COMPLETE!!
    8) Stewby - GOAL: £2000 CURRENTLY: £230.76/£2000
    9) stoplurking - GOAL: £4000 CURRENTLY: £2160/£4000
    10) crazy_cat_lady - GOAL: £6338 CURRENTLY: £346.92/£6338
    11) stormpassing - GOAL: £5400 CURRENTLY: £30/£5400
    12) carbootcrazy - GOAL: £5000 CURRENTLY: £3733/£5000
    13) Munchin - GOAL: £6000 CURRENTLY: £1300/£6000
    14) traveller - INITIAL GOAL: £1000
    15) Freysmum - GOAL: £8500 CURRENTLY: £8500/£8500 - COMPLETE!!
    16) The Only Girl - GOAL: £12,000 CURRENTLY: £9425.89/£12,000
    17) Southern-girl - GOAL: £5000 CURRENTLY: £437/£5000
    18) dubsteppenguin - GOAL: £5000 CURRENTLY: £250/£5000
    19) DuranGirl - GOAL: £6000 CURRENTLY: £5000/£6000
    20) WantToBeSE - GOAL: £5000 CURRENTLY: £1000/£5000
    21) black cat - GOAL: £6000 CURRENTLY: £6000/£6000 - COMPLETE!!
    22) lexbubbles - GOAL: £4600 CURRENTLY: £2158.63/£4600
    23) ani*fan - GOAL: £3000 CURRENTLY: £40.29/£3000
    24) Keeping Motivated - GOAL: £6000 CURRENTLY: £6000/£6000 - COMPLETE!!
    24) Keeping Motivated - NEW GOAL: £6000 CURRENTLY: £3790/£6000
    25) rylee12 - GOAL: £6000
    26) Rosylee - GOAL: £8850 CURRENTLY: £60/£8850
    27) BlackFrosting - GOAL: £2700 CURRENTLY: £69.37/£2700
    28) Westbeef - GOAL: £5000
    29) skye blue - GOAL: £3000 CURRENTLY: £190/£3000
    30) MrsSave - GOAL: £5000 CURRENTLY: £1241.36/£5000
    31) crimson.addict - GOAL: £10,000 CURRENTLY: £350/£10,000
    32) linc1205 - GOAL: £20,000 CURRENTLY: £20/£20,000
    33) Brass_Triumphant - GOAL: £5000 CURRENTLY: £450/£5000
    34) Christa27 - GOAL: £3000
    35) Wishfullthinking2 - GOAL: £4500
    36) x_raphael_xx - GOAL: £5050 CURRENTLY: £900/£4000
    37) moneymakestheworldgoround - GOAL: £3000
    38) georgiebrown0 - GOAL: £6000
    39) Sharon87 - GOAL: £1500 CURRENTLY: £330/£1500
    40) BabyBetty - GOAL: £5000 CURRENTLY: £276/£5000
    41) -Selene - GOAL: £5000 CURRENTLY: £691.69/£5000
    42) Thistlewhistle - GOAL: £5000 CURRENTLY: £2500/£5000
    43) abundant1972 - GOAL: £4500 CURRENTLY: £2000/£4500
    44) castlelough - GOAL: €3000 CURRENTLY: €86/€3000
    45) MLAB - INITIAL GOAL: £450
    46) milasavesmoney - GOAL: $15000 CURRENTLY: $11,273/$15000
    47) WatWing - GOAL: £3900 CURRENTLY: £250/£3900
    48) happytails - GOAL: £8400
    49) Grandad's Offspring - GOAL: £5000 CURRENTLY: £80/£5000
    50) Smodlet - GOAL: £3000 CURRENTLY: £325/£3000
    51) JCUK - GOAL: £6000 CURRENTLY: £1250/£6000
    52) Mooloo - GOAL: £4000 CURRENTLY £65.01/£4000
    53) aphill24 - GOAL: £5000 CURRENTLY: £1100/£5000
    54) evo5819 - GOAL: £3000
    55) mum-to-many - GOAL: £3000 CURRENTLY: £306/£3000
    56) oh2bdebtfree - GOAL: £6000
    57) Keedie
    58) AnxiousHomemaker - INITIAL GOAL: £500 CURRENTLY: £15/£500
    59) PoorGuyNextDoor - GOAL: £5300
    60) angelicious - GOAL: £7200 CURRENTLY: £270/£7200
    61) misselvis - GOAL: £6000
    62) benten69 - GOAL: £10,750 CURRENTLY: £230/£10,750
    63) TopsyMum - GOAL: £1000
    64) Poor_Single_lady - GOAL: £5000 CURRENTLY: £80/£5000
    65) swimminginaseaofdebt - GOAL: £9000 CURRENTLY: £15.71/£9000
    66) Dragon Lily - GOAL: £3000 CURRENTLY: £1135/£3000
    67) FrugalinShropshire - GOAL: £7200
    68) Determined diva - GOAL: £2000 CURRENTLY: £1050/£2000
    69) muppets - GOAL: Euro 15,000 CURRENTLY: Euro 4000/15,000
    70) dfbefore30 - GOAL: £5000 CURRENTLY: £5000/£5000 - COMPLETE!!
    71) indigowarrior - GOAL: £6000
    72) angelpye - GOAL: £4200
    73) HoneyBee83 - GOAL: £1000 CURRENTLY: £800/£1000
    74) wegle - GOAL: £6000 CURRENTLY: £548.23/£6000
    75) Hillwalker17 - GOAL: £6000 CURRENTLY: £1000/£6000
    76) Doglover - GOAL: £7500
    77) NewMeNewLife - GOAL: £5000 CURRENTLY: £300/£5000
    78) Bumblebear - GOAL: £5670
    79) lilyflower7 - GOAL: £3000 CURRENTLY: £519.23/£3000
    80) Dogbooks - GOAL: £9300 CURRENTLT: £950/£9300
    81) kazt2006 - GOAL: £10,000 CURRENTLY: £7900/£10,000
    82) Jellybeans&FF - GOAL: £9000 CURRENTLY: £20/£9000
    83) Moneybutterfly - GOAL: £1000 CURRENTLY: £270/£1000
    84) moneymanager - GOAL: £1500
    85) fruitloop04 - GOAL: £6000 CURRENTLY: £1000/£6000
    86) peedie - GOAL: £6000
    87) datlex - GOAL: £5000 CURRENTLY: £3750/£5000
    88) Anoneemoose - MINI GOAL: £931 CURRENTLY: £170/£931
    89) SamSam17 - GOAL: £5000 CURRENTLY: £20/£5000
    90) 166million - GOAL: £10,000 CURRENTLY: £244/£10,000

    If you haven’t already, join the forum to reply!
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    Last edited by DreamerHelen; 06-12-2017 at 10:35 PM.
    Committed To Paying Off My Debts AND Saving
    3-6 Month Emergency Fund #1 £105/£6000
    General £1000 Emergency Fund #13 £60/£1000
    MSE Sealed Pot Challenge #089 - Stars from SueUU x25
Page 83
    • Dobbibill
    • By Dobbibill 4th Oct 17, 7:34 AM
    • 2,535 Posts
    • 3,627 Thanks
    Dobbibill
    Hi All,

    Helen - I'm OK but my OH has been unwell so been focused more on him over the last month.

    My savings are due to alter over the next few days as I have some travelling to do for work and although my car is new, I have some spending to do on it for a new timing belt (I always change it when I have a new car as a precaution) so this will drop by a few hundred pounds, so worth it in the long run though.

    My second fund I have decided to do at the same time but am changing the target to £1000 - this is purely for the car so I can keep the two separate rather than keep dipping into my first EF for any repairs/tyres/MOT etc after using a big chunk of it for my new car a few months ago. This will start towards the end of this month at approx £50 pcm.

    #2 Update
    Target #1 £3498.15/£9000 aka 38.87%
    Target #2 £0/£1000 aka 0%

    I'll update it again in a few days when the timing belt job is done

    Keep on keeping on everyone

    Dobbi
    I'm a Board Guide on the Energy, Student Money Saving, UK Armed Forces and
    Local Money Saving - Wales boards. I'm a volunteer to help the boards run smoothly, and I can move and merge posts there.
    Board guides are not moderators and don't read every post. If you spot an abusive or illegal post then please report it to forumteam@moneysavingexpert.com. Any views are mine and not the official line of MoneySavingExpert.com.


    A person who never made a mistake, never tried anything new.
    • DreamerHelen
    • By DreamerHelen 4th Oct 17, 11:08 PM
    • 2,543 Posts
    • 13,648 Thanks
    DreamerHelen
    Hello All!!

    Back on the Night Shift again tonight....I'm starting to feel a little tired but I know that after Midnight I will get my second wind so I'm looking forward to that point...

    I'm starting to put some time off in place each Week....After this coming Friday Afternoon I won't have a Client on a Friday Afternoon so after seeing my Clients locally on Friday Morning I can come home and relax for the Afternoon (this could change if I get more Clients across the other side of London)....plus I'm trying very hard to take Sunday Afternoon's off if I can....but I also have my Trip to Disneyland Paris in October and I have another one planned for almost a Week in January (*cough cough* it's my 40th, shhhh don't tell anyone!! )...So there are plans afoot!!

    Once it gets past Christmas I really want to focus on this Challenge and try to get an Emergency Fund together....Both a 3-6 month one and also a smaller one that I can dip into if I need it....this extra Night Shift Work that I have been offered has been amazing and very well paid but we are working for a while before being paid and I have had to pay out for Cabs home (no transport otherwise at 3am) and my Work from home has had to take a backseat for the time being while I'm doing this Work....that means that I've had to borrow money from a very lovely Family Member until I get paid...and that has made me EXTREMELY aware that I need some spare savings in place....I am aware that without my Family Member I wouldn't be able to do this extra Work and that would be a great shame....So I'm incredibly grateful....

    Anyway...that's what is going on with me....Having lots of thoughts and trying to figure out the best way forwards for me.... xXx

    Here's to the Updates....

    LittleMissDetermined - Lovely to have you back....How are you? Please don't worry, you are welcome back ANYTIME!! I've Updated the First Page and I've put you down at £3545.87 out of £7129...is that right? Let me know if you want me to put it a different way or change it....You're doing AWESOME!! xXx

    Dobbibill - I'm so sorry to hear that your OH has not been well....Of course you need to take care of him so please don't worry...We will always be here to welcome you back whenever you get the chance to check-in....I was a little confused with your Updates so please do check the First Page to see if what I have done is right...and do let me know if you want me to change anything...Not a problem....I've separated everything and given you two Goals....But let me know....You're doing AMAZING!! xXx
    Last edited by DreamerHelen; 04-10-2017 at 11:35 PM.
    Committed To Paying Off My Debts AND Saving
    3-6 Month Emergency Fund #1 £105/£6000
    General £1000 Emergency Fund #13 £60/£1000
    MSE Sealed Pot Challenge #089 - Stars from SueUU x25
    • Dobbibill
    • By Dobbibill 5th Oct 17, 5:27 AM
    • 2,535 Posts
    • 3,627 Thanks
    Dobbibill
    Thanks Helen - the first page is perfect. Although it does look as though I've never reached my target but in reality I did and have a lovely new car to show for it

    After a conversation with my mechanic, it turns out my car doesn't have a timing belt (I'm sure they told me it did in the car sales place I bought it ) so on the plus side, the savings won't be going down by a few hundred for that but he has recommended I have a service soon as this will stop the timing chain stretching and causing similar problems to a timing belt snapping. I'm happy with that

    Keep on keeping on

    Dobbi
    I'm a Board Guide on the Energy, Student Money Saving, UK Armed Forces and
    Local Money Saving - Wales boards. I'm a volunteer to help the boards run smoothly, and I can move and merge posts there.
    Board guides are not moderators and don't read every post. If you spot an abusive or illegal post then please report it to forumteam@moneysavingexpert.com. Any views are mine and not the official line of MoneySavingExpert.com.


    A person who never made a mistake, never tried anything new.
    • DreamerHelen
    • By DreamerHelen 7th Oct 17, 10:27 PM
    • 2,543 Posts
    • 13,648 Thanks
    DreamerHelen
    Hey Everyone....

    Yes, you guessed it, another Night Shift So I thought I would Update while I'm here....

    I've had an Anxiety-Inducing Week....but I'm a bit better this Weekend....I don't know if I ever said but over the past couple of years or so, my Anxiety has reached very difficult proportions...you would think since I'm a Therapist that I can handle it better than most but I still have my difficult times....Those times I tend to eat or spend money....It's something that I'm still working on in my own Therapy....

    I just wanted to say to those that experience Depression or Anxiety...It CAN be managed but you're NOT alone!!

    Anyway....Like I said, doing better this Weekend....Still tired though but that's not a bad thing...at least I know I've been working and that keeps me motivated....

    I'm hoping by the end of the Week I can start to think about putting some money away in my 3-6 Month Emergency Fund...I really want this to happen and I will try my best....I'm not perfect, I never have been but I do try my best....

    Here's to the Updates.... xXx

    Dobbibill - I hope you get things sorted out with your Car....I've been tinkering with the First Page....Do me a favour and go and have a look and let me know if that is better...After all you DID reach your Target and I have no right (or desires) to take that away from you....*Big Hugs*... xXx
    Committed To Paying Off My Debts AND Saving
    3-6 Month Emergency Fund #1 £105/£6000
    General £1000 Emergency Fund #13 £60/£1000
    MSE Sealed Pot Challenge #089 - Stars from SueUU x25
    • Dobbibill
    • By Dobbibill 8th Oct 17, 7:07 AM
    • 2,535 Posts
    • 3,627 Thanks
    Dobbibill
    Aw thank you Helen - the first page is fab...whenever I do updates I will be sure to list them as Pot 2 & Pot 3.

    I do hope you are taking care of your own health while you do therapy for others and find those things that help manage it better and avoid the triggers.

    We all come back to this thread to support each other and that includes you too Helen - we all have faith that you will get a little something into your EF soon. Maybe baby steps would help you achieve it or doing things like saving £2 coins only (if you use or get paid cash frequently). You will get there....aim small first, £5 a week or £10 a month.....baby steps

    Keep on keeping on

    Dobbi
    I'm a Board Guide on the Energy, Student Money Saving, UK Armed Forces and
    Local Money Saving - Wales boards. I'm a volunteer to help the boards run smoothly, and I can move and merge posts there.
    Board guides are not moderators and don't read every post. If you spot an abusive or illegal post then please report it to forumteam@moneysavingexpert.com. Any views are mine and not the official line of MoneySavingExpert.com.


    A person who never made a mistake, never tried anything new.
    • x_raphael_xx
    • By x_raphael_xx 8th Oct 17, 4:24 PM
    • 3,421 Posts
    • 17,282 Thanks
    x_raphael_xx
    Hi all,
    I'm all moved in and re-connected to the internet. I felt like my right arm was cut off. You don't realise how much you depend on it until it's not there!
    I've managed to squirrel away another £100 into my EF in my absence. Total is now £900/£5050.
    I should be recieving my flat deposit back next week. £500 of it is ear-marked for a repayment to mum, but I should be able to tuck another £100 away from it.

    Once I've reached the first £1000 I'm going to try and save a chunk to go back to mum before I continue with my EF.
    I could give the £1000 EF to mum, but that would leave me with nothing, and now we have to fork out ourselves for any repairs, broken boilers e.g, I'd rather keep it aside just in case.
    Debt Free as of 17/01/2009 Turtle Power!!
    Nov NSD's - /25 / Lose weight 29.0 lbs / 30lbs
    EF Challenger #36 £900/£5050
    • datlex
    • By datlex 8th Oct 17, 5:48 PM
    • 1,447 Posts
    • 1,235 Thanks
    datlex
    Working out my 3-6 fund amount. (got about £4500 towards it) Obviously it is for if you don't have income for 3 to 6 months. Do folk take into account benefits they would receive if they lost their jobs in calculating how much is needed? Obviously the amount would be different if you did. I am aware that there are savings limits before which you start to get less.
    • x_raphael_xx
    • By x_raphael_xx 8th Oct 17, 6:58 PM
    • 3,421 Posts
    • 17,282 Thanks
    x_raphael_xx
    Working out my 3-6 fund amount. (got about £4500 towards it) Obviously it is for if you don't have income for 3 to 6 months. Do folk take into account benefits they would receive if they lost their jobs in calculating how much is needed? Obviously the amount would be different if you did. I am aware that there are savings limits before which you start to get less.
    Originally posted by datlex
    What I've done is just multiply my monthly bills by 6. It just gives me a total to aim for.
    I've no idea what the savings limits is for benefits, but I assume they wouldn't last too long anyway and then benefits would be re-adjusted to suit.
    Debt Free as of 17/01/2009 Turtle Power!!
    Nov NSD's - /25 / Lose weight 29.0 lbs / 30lbs
    EF Challenger #36 £900/£5050
    • skye blue
    • By skye blue 9th Oct 17, 8:23 AM
    • 108 Posts
    • 464 Thanks
    skye blue
    Hi guys

    Sorry for your loss CBC

    Glad work and health are going in the right direction for you helen, long may it continue

    Nothing to report money wise im waiting for my car to be mot'd then see whats left

    ive upped my debt management plan this month by £100 i need to get shut of this so ive pushed myself with the payment

    on the plus side my mortgage rate has been changed early and the rate has gone down (yeah) it was a terrible fix at 4.29% but now its 2.19% fixed for 2 years and get this £130 per month cheaper so hopefully next month should be less tight financially

    i am on a interest only deal and trying to pay it down before the end of the term (7 years) and my retirement so a good boost there

    keep well everyone
    • DreamerHelen
    • By DreamerHelen 10th Oct 17, 11:31 PM
    • 2,543 Posts
    • 13,648 Thanks
    DreamerHelen
    Evening Everyone

    Another Night Shift....I'm very very tired tonight....not sure why as I slept well last night....but I'm very much looking forward to my bed at around 3.45am....

    Nothing to Report moneywise...

    Here's to the Updates... xXx

    Dobbibill - I'm really glad that you like the First Page and yes, it would be appreciated if you could distinguish which goes where in your Updates....I'm doing okay and thank you so much for being so lovely to me....I really want to start putting money away into this Fund and I will....I'm hoping to start in the next 2 Weeks fingers crossed....I just have to wait to be paid first...I already collect £2 Coins but it's something to think about for sure as to how I would like to Save xXx

    x_raphael_xx - I've Updated the First Page...You're doing AMAZING!! Keep on going.....It sounds like you have a good plan in place for the future....that's always good to see xXx

    datlex - I think it's up to you how you set your Money and your Target...I did what x_raphael_xx did and just multiplied my monthly bills.....I couldn't find you on the Members List on the First Page...Would you like to join us? xXx

    skye blue - You are doing just fine hun...just keep on going....and don't forget that every single penny counts... xXx
    Committed To Paying Off My Debts AND Saving
    3-6 Month Emergency Fund #1 £105/£6000
    General £1000 Emergency Fund #13 £60/£1000
    MSE Sealed Pot Challenge #089 - Stars from SueUU x25
    • Mooloo
    • By Mooloo 11th Oct 17, 8:28 AM
    • 9,287 Posts
    • 45,058 Thanks
    Mooloo
    Sorry life has been hectic. Funds up and Down. The emergency fund is now £120.36
    I havenít been able to pay myself a wage for two weeks, so things are very tight.
    When I die I will know that I have lived, loved, mattered and made a difference, even if in a small way.
    • x_raphael_xx
    • By x_raphael_xx 13th Oct 17, 8:21 AM
    • 3,421 Posts
    • 17,282 Thanks
    x_raphael_xx
    Flat deposit has hit my bank, I have paid £100 into my EF, total now £1000!!
    Also paid mum a nice £500 chunk. I now owe her £3200. I'd love to have gotten the total down to £2000 by xmas, but I don't think that's going to happen.
    Now I have a little back up saved I'm going to concentrate on getting rid of my debt to my mum. She's happy with £100 a month, but I hate owing money!
    Debt Free as of 17/01/2009 Turtle Power!!
    Nov NSD's - /25 / Lose weight 29.0 lbs / 30lbs
    EF Challenger #36 £900/£5050
    • datlex
    • By datlex 14th Oct 17, 11:24 AM
    • 1,447 Posts
    • 1,235 Thanks
    datlex
    Evening Everyone

    Another Night Shift....I'm very very tired tonight....not sure why as I slept well last night....but I'm very much looking forward to my bed at around 3.45am....

    Nothing to Report moneywise...

    Here's to the Updates... xXx

    Dobbibill - I'm really glad that you like the First Page and yes, it would be appreciated if you could distinguish which goes where in your Updates....I'm doing okay and thank you so much for being so lovely to me....I really want to start putting money away into this Fund and I will....I'm hoping to start in the next 2 Weeks fingers crossed....I just have to wait to be paid first...I already collect £2 Coins but it's something to think about for sure as to how I would like to Save xXx

    x_raphael_xx - I've Updated the First Page...You're doing AMAZING!! Keep on going.....It sounds like you have a good plan in place for the future....that's always good to see xXx

    datlex - I think it's up to you how you set your Money and your Target...I did what x_raphael_xx did and just multiplied my monthly bills.....I couldn't find you on the Members List on the First Page...Would you like to join us? xXx

    skye blue - You are doing just fine hun...just keep on going....and don't forget that every single penny counts... xXx
    Originally posted by DreamerHelen
    Sure that would be good. if I separate out the £1000 emergency fund I have £3250 towards mine. 3 months (13 weeks) = £5000 (assuming 13 weeks at normal pay from which I put aside savings normally to be precise it is £4927 but I have rounded it up) obviously 6 months would be £10000 but I will work on the 3 months first. As it stands I add at least £250 a month to savings.
    • DreamerHelen
    • By DreamerHelen 14th Oct 17, 9:07 PM
    • 2,543 Posts
    • 13,648 Thanks
    DreamerHelen
    Evening All

    Yep, you guessed it again....Another Night Shift!! The first of two this Weekend....And I've come down with a stinking cold....I feel like screaming at the sky and shouting "Really? What next?" LoL....but I'll try to keep it in perspective, it IS just a cold after all...Just wish my nose would stop streaming!!

    I finally got Paid from all this Night Shift Work that I've been doing and so I' ordered myself a new Pot for my 3-6 Month Emergency Fund....I'm hoping New Pot = New Motivation!!

    So, I've put some Money aside and when my new Pot comes I shall be putting in at least £25....It's a start!! And I feel positive about it....So I'm pleased....

    Here's to the Updates.... xXx

    Mooloo - I've Updated the First Page....You're doing AWESOME!! I'm so sorry that things are tough for you...but you WILL get there....Just stay as strong as you can.... xXx

    x_raphael_xx - I've Updated the First Page...You're doing AMAZING!! I know it's hard to be in Debt to your Mum (I'm the same) but at least you are paying off what you can.... xXx

    datlex - WELCOME WELCOME WELCOME!! It's lovely to have you as an Official Member!! I've added you to the First Page....Please do let us know how you're getting on....I love Updating the First Page with everybody's progress....Lovely to have you on board xXx
    Committed To Paying Off My Debts AND Saving
    3-6 Month Emergency Fund #1 £105/£6000
    General £1000 Emergency Fund #13 £60/£1000
    MSE Sealed Pot Challenge #089 - Stars from SueUU x25
    • Dobbibill
    • By Dobbibill 17th Oct 17, 11:55 AM
    • 2,535 Posts
    • 3,627 Thanks
    Dobbibill
    #2 update

    A little earlier than expected but have managed to add to my car fund before pay day

    Pot 2 - no change...yet! - total £3498.15 aka 38.87%
    Pot 3 - £111.22 added - total £111.22 aka 11.12%

    I should be back on Friday with another update.

    Keep on keeping on everyone.

    Dobbi
    I'm a Board Guide on the Energy, Student Money Saving, UK Armed Forces and
    Local Money Saving - Wales boards. I'm a volunteer to help the boards run smoothly, and I can move and merge posts there.
    Board guides are not moderators and don't read every post. If you spot an abusive or illegal post then please report it to forumteam@moneysavingexpert.com. Any views are mine and not the official line of MoneySavingExpert.com.


    A person who never made a mistake, never tried anything new.
    • Anoneemoose
    • By Anoneemoose 17th Oct 17, 11:28 PM
    • 1,774 Posts
    • 2,166 Thanks
    Anoneemoose
    Hi everyone..is it too late for me to join you all?

    Hubby and I have just had our LBM regarding debt/saving etc. We still have some credit card debt that we need to pay off but I want to do that alongside the EF.

    I would LOVE to get to the point of 6 months, but I think I will take it month by month.

    Our bills (including things like mobile phone/internet/Netflix) are £931 per month.

    Groceries and car fuel is £610

    Spends and sinking funds are approximately £850 - this includes holiday and gifts savings which would be reduced significantly if needed, as would most of our categories. My aim though is to buffer based on how we live now.

    So total each month of £2391 (or £1971 without gifts and holiday).

    Now, I totally appreciate that our budget amounts are a lot and if we ever did need the emergency fund, we would cut back significantly, as mentioned above.

    I would also like an extra £500 ish for replacing white goods (hopefully no more than one at a time will need replacing).

    It will be a slow journey for me, but having somewhere to focus on it will certainly help. Not sure of strategy yet, might just have to make it up as I go along!

    Thank you.
    • Dobbibill
    • By Dobbibill 18th Oct 17, 7:12 AM
    • 2,535 Posts
    • 3,627 Thanks
    Dobbibill
    Hi Anoneemoose,

    Of course you can join, welcome to the challenge.

    When Helen pops in she will add your name, target and progress to the first page.

    The great thing about this challenge is that you can go as fast or slow as you want to suit your debts, priorities and life in general. You can set huge targets or smaller bit size targets, it's all about you. We just all cheer each other on along the way.

    Dobbi
    I'm a Board Guide on the Energy, Student Money Saving, UK Armed Forces and
    Local Money Saving - Wales boards. I'm a volunteer to help the boards run smoothly, and I can move and merge posts there.
    Board guides are not moderators and don't read every post. If you spot an abusive or illegal post then please report it to forumteam@moneysavingexpert.com. Any views are mine and not the official line of MoneySavingExpert.com.


    A person who never made a mistake, never tried anything new.
    • Anoneemoose
    • By Anoneemoose 18th Oct 17, 4:37 PM
    • 1,774 Posts
    • 2,166 Thanks
    Anoneemoose
    Thanks for the reply, Dobbibill, and thank you 'for having me' here.

    I feel like this challenge is more fitting for me because when I have tried doing these things in the past, I always end up restricting too much and then splurging!

    So, slow but steady steps from me. First things first, is actually sticking to our budgeted amounts for things, instead of just going crazy. Hubby and I have been using YNAB for a while, but haven't really been paying attention to it much and as such, often spent more than we allocated.

    We also had a big look at our finances and really started making more of an effort last payday (25th Sept). Up to now, we've done really well. We get paid again 25th Oct and at present are well within our budgets. Some will probably stay under.

    One small victory for me today is that I saw a mac in Asda that will be ideal for the school run (when it usually chucks it down), anyway, previously I would have picked it up without a second thought, but our clothes allowance has been used already this month due to DD needing trainers and needing to buy an outfit for DS for my sister's wedding. So, I left it. I will probably buy it next week though when we get paid again and the money is actually available.
    • SamSam17
    • By SamSam17 18th Oct 17, 7:25 PM
    • 32 Posts
    • 62 Thanks
    SamSam17
    This challenge is perfect for me and I would like to join. As I'm currently focusing on paying off my debt (hopefully by xmas) but I will start setting side £20 (and any left over by pay day) for this.

    Ideally I would like to reach £5k but after my debt I will also need to start saving for Masters so it will take a while.

    Good luck everyone!
    • Dobbibill
    • By Dobbibill 18th Oct 17, 10:01 PM
    • 2,535 Posts
    • 3,627 Thanks
    Dobbibill
    Anoneemoose - I'm a big fan of piggybanking and have more categories than I care to list but it works. My thought process is if there's not a category for it, then it cannot happen in my life.

    Welcome SamSam17 - Helen will also give you a number on the first page. Keep us updated with your progress. Good luck getting rid of those pesky debts by Xmas - there's no rush here to reach your target, we don't class this as a sprint but more of a marathon...pacing ourselves along the way, heck - sometimes it even turns into a scenic stroll so do as much or as little as you want along with your other priorities.

    Keep on keeping on everyone.

    Dobbi
    I'm a Board Guide on the Energy, Student Money Saving, UK Armed Forces and
    Local Money Saving - Wales boards. I'm a volunteer to help the boards run smoothly, and I can move and merge posts there.
    Board guides are not moderators and don't read every post. If you spot an abusive or illegal post then please report it to forumteam@moneysavingexpert.com. Any views are mine and not the official line of MoneySavingExpert.com.


    A person who never made a mistake, never tried anything new.
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