Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@.

Search
  • FIRST POST
    • patman99
    • By patman99 3rd Oct 14, 10:35 PM
    • 7,821Posts
    • 9,211Thanks
    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


    This list is correct as of 19/1/17.
    Last edited by patman99; 08-05-2017 at 8:06 PM. Reason: List got 'lost'.
    Never Knowingly Understood.

    Member #1 of 1,000 challenge - 285/ 1000 (that's 61.7%)

    3-6 month EF 194/3600

    Do you/your spouse earn less than 197 p/w ?. Fill-in Form R85 and get your Bank interest Tax free.
Page 123
    • foxyloxy11
    • By foxyloxy11 13th Mar 17, 4:30 PM
    • 202 Posts
    • 952 Thanks
    foxyloxy11
    #225 have added my monthly contribution and oddments from bank account. creeping up slowly
    365 day penny challenge - 55.65/667.95
    1000 Emergency fund challenge #225 - 315.00/1000 Stage 1
    • Macey1510
    • By Macey1510 14th Mar 17, 12:21 AM
    • 82 Posts
    • 284 Thanks
    Macey1510
    Thank you!
    • ab_saver
    • By ab_saver 17th Mar 17, 11:54 AM
    • 333 Posts
    • 802 Thanks
    ab_saver
    #208 reporting a new total of 75.52
    This is after some survey payouts. I'm expecting some cash back in soon too. Still plodding on slowly and steadily!
    House fund: 1610 / 10,000 _1000 emergency fund #208 - 110/ 1000 _
    • patman99
    • By patman99 18th Mar 17, 11:18 AM
    • 7,821 Posts
    • 9,211 Thanks
    patman99
    EF rebuild has begun. I intend to get back to 50% by September. Hopefully, I will get some overtime at work.
    Was offered some today, but as I am going out soon, I had to decline. As I am out next Saturday as well, that rules that one out as well.
    Never Knowingly Understood.

    Member #1 of 1,000 challenge - 285/ 1000 (that's 61.7%)

    3-6 month EF 194/3600

    Do you/your spouse earn less than 197 p/w ?. Fill-in Form R85 and get your Bank interest Tax free.
    • bilbodreams
    • By bilbodreams 22nd Mar 17, 3:50 PM
    • 101 Posts
    • 175 Thanks
    bilbodreams
    Member 150 here, I ve reached 500 so 50% of my goal getting there slowly!
    • carbootcrazy
    • By carbootcrazy 22nd Mar 17, 4:33 PM
    • 3,628 Posts
    • 20,235 Thanks
    carbootcrazy
    Just popping in to cheer you all on


    My EF remains intact (miracle of miracles) but I'm still keeping my fingers tightly crossed as it seems too good to be true knowing my usual luck
    Make 10 A Day Challenge 2017. Jan-Apr: 1240.02. May: 380.96
    3-6 Months Emergency Fund Challenge #12: 1200.00/3000. This is such hard going but I will do it.

    Original Debt: 56804 (@ LBM 02/13). Paid : 32316. Balance: 24488
    • patman99
    • By patman99 22nd Mar 17, 8:55 PM
    • 7,821 Posts
    • 9,211 Thanks
    patman99
    Had a good doay out last Saturday. Went to Lazfest (an indoor rock & metal festival held in aid of Cancer Research). Got back in at around 01:00 Sunday morning. And the biggest miracle, I stayed within my budget so EF is fully intact and growing again.
    Never Knowingly Understood.

    Member #1 of 1,000 challenge - 285/ 1000 (that's 61.7%)

    3-6 month EF 194/3600

    Do you/your spouse earn less than 197 p/w ?. Fill-in Form R85 and get your Bank interest Tax free.
    • mossy
    • By mossy 24th Mar 17, 8:27 PM
    • 1,188 Posts
    • 8,013 Thanks
    mossy
    Pay day so I've popped another 30 in. Still on track to get to 500 by the end of July.
    Last edited by mossy; 25-03-2017 at 12:11 PM.
    Once in a Lifetime Holiday to Disney....the sequel!!
    18.87% 887/4700 - left to pay

    Emergency Fund Savings - #148 - 50/500 10%
    #083 SPC6 63 - SPC7 90 - SPC8 63 - SPC9 54 - SPC10
    Ta for the stars Sue
    • Treasurequeen
    • By Treasurequeen 24th Mar 17, 8:42 PM
    • 258 Posts
    • 2,812 Thanks
    Treasurequeen
    #207 reporting haven't posted in a while I have an ISA with my EF 1000. Managed to reach my goal this month due to a few unexpected money gains. I will be adding regularly to this EF and have set up a weekly transfer. Happy saving everyone.
    No buying unnecessary toiletries 2017
    Disabled and fabulous darlings!
    The 1000 emergency fund challenge #223
    2 savers club 2017 no 32
    Sealed pot challenge #040
    • La escocesa
    • By La escocesa 26th Mar 17, 8:58 AM
    • 2,776 Posts
    • 17,423 Thanks
    La escocesa
    Hi everyone,

    In YNAB, I've just moved all of our not-needed-straight-away slush into one pot and there's 836.50. I'm hoping I can build this up to 1000 when I get paid on Friday.

    After that I can fund all of the categories the money came from before they come due (home insurance in Sept, car insurance in Dec, potential new boiler @ 25pcm etc).

    I'm not 100% sure how long it will last as OH's job finishes in a couple of months but I'm hoping some accountability here will be the answer...

    Thanks everyone!

    Happy saving!
    • dreamtruce
    • By dreamtruce 31st Mar 17, 12:53 AM
    • 69 Posts
    • 132 Thanks
    dreamtruce
    I'd like to join please. I'll keep the target as 1,000
    Thank you.
    • ab_saver
    • By ab_saver 2nd Apr 17, 12:41 PM
    • 333 Posts
    • 802 Thanks
    ab_saver
    #208 checking in with a new total of 100/1000
    10% of the way there!
    House fund: 1610 / 10,000 _1000 emergency fund #208 - 110/ 1000 _
    • Stb
    • By Stb 2nd Apr 17, 5:52 PM
    • 47 Posts
    • 71 Thanks
    Stb
    Can't remember my number but I'm upto 660, would be more but 1000 allocated to divorce fund (not a very satisfying think to save for!)
    Virgin 0% CC 1092
    Overdraft 0 at 27.02.2017
    Savings target 2000 by year end
    • Bird.Heart.Mouse
    • By Bird.Heart.Mouse 3rd Apr 17, 8:31 AM
    • 41 Posts
    • 75 Thanks
    Bird.Heart.Mouse
    Checking in with a steady 100/1000! It's also payday this week so I'm looking forward to posting back with an update. Keep up the great work everyone

    Bird (#226) x
    Last edited by Bird.Heart.Mouse; 03-04-2017 at 8:39 AM.
    Total Debt: (LBM Jan 2017) 21,924 (Mar 2017) 18,803
    Emergency Fund #226: 150 / 1000
    Recent Win: 3-for-2 on Boots cream facewash

    We may be in debt, but if nothing else Bird Heart Mouse
    • mumto2girlsandaboy
    • By mumto2girlsandaboy 3rd Apr 17, 4:07 PM
    • 34 Posts
    • 240 Thanks
    mumto2girlsandaboy
    Just about half way there, will keep going with the rest.
    PAYDBX 2017 #073 946.88/2500
    EF #220 550/1000
    April GC 403.73/400
    May GC 0/380
    • Dobbibill
    • By Dobbibill 4th Apr 17, 9:25 AM
    • 2,135 Posts
    • 3,252 Thanks
    Dobbibill
    #45 checking in with my monthly update.

    total now sitting at 1500 aka 150%.

    I've been really lucky not to have to use it so far but I think my luck is going to run out........I'm going to need to use some of it next month as my bathroom is being gutted completely and it's slightly over budget. Finger's crossed I will only need to sweep the extra over so I'll be left with 100% but I'll know more in a few weeks. I guess I've had a good run of not needing it
    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.
    • foxyloxy11
    • By foxyloxy11 4th Apr 17, 6:00 PM
    • 202 Posts
    • 952 Thanks
    foxyloxy11
    #225 still plodding away...250 now.

    That makes it 25% of my total goal

    Not bad slow and steady
    365 day penny challenge - 55.65/667.95
    1000 Emergency fund challenge #225 - 315.00/1000 Stage 1
    • patman99
    • By patman99 5th Apr 17, 8:22 PM
    • 7,821 Posts
    • 9,211 Thanks
    patman99
    A big welcom to dreamtruce, who is #229.

    Been a bit loopy in the Patman household lately. Was supposed to take my son to the dentist last Sat., but he is so terrified of them, he cancelled. I wouldn't have minded, but I had just activated a visitor's parking permit.

    Not wishing to waste it, I decided to give MrsP a lift into town and bring her back home (if she was ready in time to leave town that is). Whilst in town, I visited Metro Bank and opened a card account with them to run alongside my saver account (which has no card). I also deposited another 12 worth of 2 coins into the saver account.

    Anyway, I have been carrying on with my regular deposits into my EF.

    This month is car insurance month, so have that to pay.
    Never Knowingly Understood.

    Member #1 of 1,000 challenge - 285/ 1000 (that's 61.7%)

    3-6 month EF 194/3600

    Do you/your spouse earn less than 197 p/w ?. Fill-in Form R85 and get your Bank interest Tax free.
    • Kim_13
    • By Kim_13 5th Apr 17, 11:21 PM
    • 1,091 Posts
    • 1,487 Thanks
    Kim_13
    The damage is in, I'm down to 500.

    I did win 50 from Premium Bonds this month but I'm putting that into a Regular Saver instead.
    Sealed Pot 10 #520 ~ ~57.55/100
    VSP 2017 #9 ~ 41.40/250.00
    CCCC 2017 #1 ~ 116.21/120.00
    EF #170 ~ 500
    Xmas 2017 #25 ~ 20/365
    365 Day Penny Challenge #4 ~ 17.31/667.95
    • patman99
    • By patman99 8th Apr 17, 8:41 PM
    • 7,821 Posts
    • 9,211 Thanks
    patman99
    I wouldn't worry about it Kim. At least you had the funds in place to deal with the expense without having to resort to a line of credit.
    Never Knowingly Understood.

    Member #1 of 1,000 challenge - 285/ 1000 (that's 61.7%)

    3-6 month EF 194/3600

    Do you/your spouse earn less than 197 p/w ?. Fill-in Form R85 and get your Bank interest Tax free.
Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

1,330Posts Today

6,798Users online

Martin's Twitter
  • The strange thing with a 4yr old is having to play & smile while inside feeling sick for those in trauma in my birth town #Manchester

  • Just a quick ta-ta for now. I'm taking the week off for family time with mini and Mrs MSE. So I won't be here much. Back after the bank hol

  • Ugh another one trying it! Beware https://t.co/Ab9fCRA76F

  • Follow Martin