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
    • 7,878Posts
    • 9,283Thanks
    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; Today 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 213/3600 (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 126
    • patman99
    • By patman99 2nd Jun 17, 9:06 PM
    • 7,878 Posts
    • 9,283 Thanks
    patman99
    Managed to bust a chunk out of the toilet whilst changing the seat as the old one had broken.

    Long story short, hinge bolt was corroded and it an attempt to free it, I tok a chunk out of bowl right where the hinge hole is. To top it all, I also knocked a chunk out of the piece that broke off, so when I managed to araldite it back in place, I had water shooting out of where the small piece would have been.

    A qwuik repar patch of plumber's matte and all nice and water tight again.

    I can claim from the block insurance, but as the excess is 250 and I can buy and fit a whole new bathroom suite for less than that, I will leave it for a while then do a full bathroom refit.

    Luckily it is something I have the skills to do myself.
    Never Knowingly Understood.

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

    3-6 month EF 213/3600 (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.
    • kdalwayskint
    • By kdalwayskint 5th Jun 17, 9:41 PM
    • 470 Posts
    • 1,619 Thanks
    kdalwayskint
    Hi

    I haven't been in for ages, but still trying to get my fund up to 1000, I had managed to get it up to about 400 but needed to use some recently to help my son buy some furniture for his flat, if I hadn't been saving towards my 1000 I wouldn't have been able to help him, so I'm glad it was there, now to start building it up again.

    Catch you all soon
    Saving for Christmas 2017 # ~ 196.37/365
    Emergency Fund #55 100.89/1000
    Car Fund 430.26 ~ Bank of Mum 3400/5000
    DFW Nerd #1155
    LBM 25/2/09 Debt at highest 8,037.35 now 0 Credit Card 1396.78
    • amber03
    • By amber03 5th Jun 17, 9:59 PM
    • 765 Posts
    • 4,467 Thanks
    amber03
    No 112 326.00 . Not been on for a long time due to RL. Back on board now as finishing one of my jobs , just going to concentrate on my other job and family life. So need to ensure the emergency fund is always high. At the moment it's lower than I would like so going to throw everything into it that's spare.x
    Debtfree and and staying that way.
    1000 Emergency fund No.112 326.00


    WOMBLER 2017 NO. 5 7.20
    • foxyloxy11
    • By foxyloxy11 12th Jun 17, 6:08 PM
    • 183 Posts
    • 1,029 Thanks
    foxyloxy11
    Managed to transfer an extra 5 to the fund. I was going to get my daughter chips, cake and a drink after her gymnastics on Saturday but husband picked us up early. I transferred the money I would have spent
    365 day penny challenge - 55.65/667.95
    1000 Emergency fund challenge #225 - 400.00/1000 Stage 1
    • dreamtruce
    • By dreamtruce 12th Jun 17, 7:17 PM
    • 89 Posts
    • 141 Thanks
    dreamtruce
    Since moving out and into my own home, I've started all my savings accounts again.

    This month I've deposited 100.00 and hoping to deposit more once this month is up.

    100 / 1000 is how my total stands.
    Updating
    • patman99
    • By patman99 12th Jun 17, 10:02 PM
    • 7,878 Posts
    • 9,283 Thanks
    patman99
    Good start. The only way is up from here.
    Never Knowingly Understood.

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

    3-6 month EF 213/3600 (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.
    • LittleMissDetermined
    • By LittleMissDetermined 16th Jun 17, 8:12 AM
    • 1,640 Posts
    • 6,557 Thanks
    LittleMissDetermined
    Added some more to my EF today which now stands at 1048.09


    I'm hoping there's no glass ceiling on this thread?


    LMD x
    Target Debt Free Day 27th Jun 2019
    Life gets in the way...PADding is addictive... Saving's better than spending...

    1000 EF Challenge #142 1078.29/1000 ... 3-6Mth Wages Challenge #4 1514.14/7129...
    24 months of Debt-busting to go...
    • patman99
    • By patman99 16th Jun 17, 10:45 PM
    • 7,878 Posts
    • 9,283 Thanks
    patman99
    No, there's no glass ceiling here. If you wanted to (and had another Bank Account), you could join DreamerHelen's 3-6 month salary challenge and save into that as a secondary fund.

    Anyway, I am now back to the position where my main acount is up to my minimum amount, s 11.06 went across to my EF today.
    Never Knowingly Understood.

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

    3-6 month EF 213/3600 (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.
    • foxyloxy11
    • By foxyloxy11 20th Jun 17, 5:44 PM
    • 183 Posts
    • 1,029 Thanks
    foxyloxy11
    transferred oddments today so new total of 375.63...creeping in the right direction
    365 day penny challenge - 55.65/667.95
    1000 Emergency fund challenge #225 - 400.00/1000 Stage 1
    • LittleMissDetermined
    • By LittleMissDetermined 20th Jun 17, 6:21 PM
    • 1,640 Posts
    • 6,557 Thanks
    LittleMissDetermined
    No, there's no glass ceiling here. If you wanted to (and had another Bank Account), you could join DreamerHelen's 3-6 month salary challenge and save into that as a secondary fund.
    Originally posted by patman99
    Thank you, I have already joined Helen's troops and have a 3-6 month fund. It's a bit up and downy as that's the one I use as a 'go to' find for holiday spends etc but it's slowly growing

    LMD x
    Target Debt Free Day 27th Jun 2019
    Life gets in the way...PADding is addictive... Saving's better than spending...

    1000 EF Challenge #142 1078.29/1000 ... 3-6Mth Wages Challenge #4 1514.14/7129...
    24 months of Debt-busting to go...
    • patman99
    • By patman99 20th Jun 17, 9:12 PM
    • 7,878 Posts
    • 9,283 Thanks
    patman99
    Checked my EF today only to find the RAC have renewed my membership without contacting me first. I will be contacting them to complain.
    Never Knowingly Understood.

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

    3-6 month EF 213/3600 (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.
    • carbootcrazy
    • By carbootcrazy 23rd Jun 17, 5:03 PM
    • 3,690 Posts
    • 20,521 Thanks
    carbootcrazy
    Hope you get your RAC payment sorted, patman. I've not been around much this past few weeks and totally took my eye off the financial ball whilst being totally drowning in major family 'issues'. Discovered my car insurance has automatically renewed because I 'forgot' to cancel at the end of the year and shop around. Hasn't happened to me for years, I'm pretty savvy with renewals and switching as a rule. Could be worse I suppose, the premium hadn't gone up as much as I'd been dreading but it means my EF has taken a bit of an unexpected hit


    I know you're a really handy sort of guy, patman, so I wonder whether you can advise on a potential expense on my car please. I was driving along on Wednesday when I got a warning message on the display that I had an 'Antipollution Fault'. It's an old car, the display is pretty basic and to be honest I haven't a clue where I put the manual (for safe keeping). I was very many miles from anywhere so kept on driving as needed to get home. The message went off but came back after I restarted the engine after each stop. Happened a few times that day. It hasn't done it at all today though, the first time I've used the car since then, so I wonder whether the hot weather was playing havoc with the display/electrics. I haven't a clue about the workings of cars, I just know how to drive one. Do you think it might have been anything serious? I dread going to a garage as it always means forking out big-time
    Last edited by carbootcrazy; 23-06-2017 at 5:06 PM.
    Make 10 A Day Challenge 2017. Jan-May: 1620.98. June: 173.25
    3-6 Months Emergency Fund Challenge #12: 1900.00/3000. This is such hard going but I will do it.

    Original Debt: 56804 (@ LBM 02/13). Paid : 32316. Balance: 24488
    • foxyloxy11
    • By foxyloxy11 25th Jun 17, 7:41 PM
    • 183 Posts
    • 1,029 Thanks
    foxyloxy11
    Managed to send oddments to make total up to 400...then on 1st July my s/o will go in and make the total up to 450...nearly at my first goal of 650
    365 day penny challenge - 55.65/667.95
    1000 Emergency fund challenge #225 - 400.00/1000 Stage 1
    • XSpender
    • By XSpender 27th Jun 17, 7:53 AM
    • 2,522 Posts
    • 26,241 Thanks
    XSpender
    A bit late to the party but may I join in with this challenge?

    My emergency fund stands at 350. After being stuck at 200-300 for the last few months due to me dipping into it when things got tight I have managed to get it up to 350 this month with the help of a small bonus and insurance pay out.

    I wont be feeding it much each month as I am also paying off debt but need some focus on my EF to keep my sticky mitts off it.
    PAYDBX 2017 #99 from 4/5 - 1975.53/10,000 19.75%
    Total Owed 39,547.78 May '17 Total owed June '17 37,590.34 Savings goal 1000 - 325
    DFD - May 2021 goal Feb 2020
    • PlaysNicely
    • By PlaysNicely 27th Jun 17, 1:21 PM
    • 104 Posts
    • 174 Thanks
    PlaysNicely
    Emergency fund needed here too
    Hello there

    I used to use MSE a lot but have recently needed to renew my focus on frugaldom as although we've made lots of positive and frugal-friendly changes to our life, it means that we don't have an actual emergency fund ready and waiting ... any emergency would mean dipping into the money we're living on, which is obviously less than ideal.

    So, if I could join in with this challenge please, it would really help me to focus?

    To get things started, a recent energy swap (via useful tools here in combination with TCB) has halved my direct debit for gas and leccy and bagged us 32 to get the emergency fund started! So 32 / 1000 and it's lovely to be back!
    • patman99
    • By patman99 27th Jun 17, 8:05 PM
    • 7,878 Posts
    • 9,283 Thanks
    patman99
    XSpender, you are #235 ad PlaysNicely, you are #236.

    CBC it could well be that the heat effected one of the sensors that monitor either the exhaust gas leaving the car, or the fresh air entering the engine.

    If the issue appears to have cleared by itself, then just keep an eye on it to see if it happens again if we have any extremely hot days.
    Never Knowingly Understood.

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

    3-6 month EF 213/3600 (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.
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

4,145Posts Today

9,233Users online

Martin's Twitter