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
    • 8,086Posts
    • 9,504Thanks
    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
    For 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
    #237 DancingUnicorn ..............................#238 thoragunnr
    #239 Jessop64 .........................................#240 quintwins
    #241 Mummy_bear .................................#242 BachFlower
    #243 mixmir ...........................................#244 Moneybutterfly
    #245 catralense ......................................#246 Narola1976
    #247 Farmeress ......................................#248 Billy12345
    #249. Cozicup ...........................................#250 SamSam17
    #251 ej22 ................................................#2 52 Nicnak
    #253. Florence J .......,............................#254 Arrietty
    #255 IrisViolet ........................................#256 lcc86
    #257 Adventureofmemories ..............
    This list is correct as of 19/1/17.
    Last edited by patman99; 15-11-2017 at 5:24 PM. Reason: List got 'lost'.
    Never Knowingly Understood.

    Member #1 of £1,000 challenge - £759.94/ £1000 (that's 75.49%)

    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 134
    • Dobbibill
    • By Dobbibill 2nd Nov 17, 7:45 AM
    • 2,449 Posts
    • 3,553 Thanks
    Dobbibill
    #45 update

    Another £50 added - new total £900 aka 90%.

    nearly there
    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.
    • patman99
    • By patman99 2nd Nov 17, 10:08 PM
    • 8,086 Posts
    • 9,504 Thanks
    patman99
    Welcome Florence J. You are #253.
    Never Knowingly Understood.

    Member #1 of £1,000 challenge - £759.94/ £1000 (that's 75.49%)

    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.
    • foxyloxy11
    • By foxyloxy11 3rd Nov 17, 7:16 AM
    • 230 Posts
    • 1,249 Thanks
    foxyloxy11
    #225 quick update
    £530 so over halfway again
    £1000 Emergency fund challenge #225 - £700.00.00/£1000 Baby Step 1
    Debt free day October 2019 - End of Baby Step 2
    • Nicnak
    • By Nicnak 3rd Nov 17, 4:40 PM
    • 398 Posts
    • 1,580 Thanks
    Nicnak
    #252 reporting another £20 so £420 so far. xx
    September 6th 2017 start Updated 4th NOV 17
    Credit Card £430 now: £0 Tesco Loan £7500 = £6891 Car loan £17450 = £16,748 Total = £25,330 £23,749 EMF #252
    Sealed pot challenge #589
    Pay off all your debts by Christmas #170
    • foxyloxy11
    • By foxyloxy11 5th Nov 17, 10:12 AM
    • 230 Posts
    • 1,249 Thanks
    foxyloxy11
    update...just added another £40 so up to £570
    £1000 Emergency fund challenge #225 - £700.00.00/£1000 Baby Step 1
    Debt free day October 2019 - End of Baby Step 2
    • Arrietty
    • By Arrietty 5th Nov 17, 5:38 PM
    • 58 Posts
    • 235 Thanks
    Arrietty
    Hello,

    please may I join this challenge ?

    I used to be on DFW (different username though) a few years ago and am thankfully still just about DF but really need to focus on not spending and concentrate on saving instead!

    I've been rounding up pennies from my current account all year so will be starting off with £97.75p


    EFC Member 254: £145.58
    Old Style WLC: - 4/20lbs
    • IrisViolet
    • By IrisViolet 5th Nov 17, 7:56 PM
    • 74 Posts
    • 1,314 Thanks
    IrisViolet
    Hi would live to join.
    We're paying off debt so it will be slow going. Starting with £10.
    Better than nothing!
    • Arrietty
    • By Arrietty 7th Nov 17, 11:32 AM
    • 58 Posts
    • 235 Thanks
    Arrietty
    85p transferred this morning after a debit card transaction

    EFC Member 254: £145.58
    Old Style WLC: - 4/20lbs
    • Dobbibill
    • By Dobbibill 7th Nov 17, 5:11 PM
    • 2,449 Posts
    • 3,553 Thanks
    Dobbibill
    Hello,
    please may I join this challenge ?
    Originally posted by Arrietty

    Hi would live to join.
    Originally posted by IrisViolet
    Hi both,

    Welcome to the challenge.

    Patman will be along shortly to give you member numbers.

    Take it at your own pace, this is definitely not a race and we all get there in our own time.

    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.
    • lcc86
    • By lcc86 7th Nov 17, 9:24 PM
    • 902 Posts
    • 2,380 Thanks
    lcc86
    Can I join please? I currently have £597 in savings for my emergency fund, shouldn't take long in theory to get to £1,000 but am waiting for a quote for some roof repairs so the emergency fund will probably disappear once that comes in!
    1/12/14 total £9,140 DFD 30/01/17
    http://forums.moneysavingexpert.com/showthread.php?t=5124473 - my original DFD

    25/08/17 new total £802 back in debt but determined clear it by February 2018! 17/11/17 - £110 2017 365 day challenge £597 saved for emergency fund
    • Dobbibill
    • By Dobbibill 7th Nov 17, 9:56 PM
    • 2,449 Posts
    • 3,553 Thanks
    Dobbibill
    Can I join please?
    Originally posted by lcc86
    Of course - welcome aboard - Patman will provide you a member number when he pops in
    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.
    • Arrietty
    • By Arrietty 11th Nov 17, 11:51 AM
    • 58 Posts
    • 235 Thanks
    Arrietty
    Hello,

    thanks for the welcome, just joining the challenge has already inspired me.

    I save £2 coins and usually they just go in the bank and get spent on bills / frittered away... but thanks to this challenge, yesterday I paid two bags in tand immediately transferred them over to my EF account, so that's a £40 boost.

    No idea how it will take me to get to the target £1,000 but every penny is a step towards it

    New balance : £138.72

    EFC Member 254: £145.58
    Old Style WLC: - 4/20lbs
    • patman99
    • By patman99 11th Nov 17, 5:25 PM
    • 8,086 Posts
    • 9,504 Thanks
    patman99
    A big welcome to our 3 new members. Arrietty is #254, IrisViolet is #255 & lcc86 is #256.

    Not much to report this week. Car service cost less than expected, so pleased with that. This should free up some money to move across to the ef
    Never Knowingly Understood.

    Member #1 of £1,000 challenge - £759.94/ £1000 (that's 75.49%)

    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.
    • foxyloxy11
    • By foxyloxy11 11th Nov 17, 6:35 PM
    • 230 Posts
    • 1,249 Thanks
    foxyloxy11
    another £50 to the EF...best update the sig
    £1000 Emergency fund challenge #225 - £700.00.00/£1000 Baby Step 1
    Debt free day October 2019 - End of Baby Step 2
    • adventureofmemories
    • By adventureofmemories 14th Nov 17, 4:35 PM
    • 32 Posts
    • 85 Thanks
    adventureofmemories
    may i join?

    I have £20 so far in my emergency savings fund
    £20.00 / £1,000 EF | £0.00 help to buy isa |£4.95 / £10,000 wedding fund SPC#201 | £134.19 / £240 NovGC
    • Florence J
    • By Florence J 14th Nov 17, 9:20 PM
    • 1,699 Posts
    • 9,574 Thanks
    Florence J
    £4.80 to EF, I really need money but am trying to forget I have an EF (no matter how small it is) but I guess that is the point of having one.
    Sealed Pot Challenge 10 #553 (£94.58) £1000 Emergency Fund Challenge #253 Wombling free 2017 = £1982.64 Pay off all your debts by Xmas 2017 #53 (£3118.08/£3000) Debt to OH paid back £1146.96/1146.96
    November 2017 Credit Card Debt: £4025
    • patman99
    • By patman99 15th Nov 17, 5:25 PM
    • 8,086 Posts
    • 9,504 Thanks
    patman99
    Welcome adventureofmemories. You are #257.

    Txed another wodge of cash over to my ef .
    Never Knowingly Understood.

    Member #1 of £1,000 challenge - £759.94/ £1000 (that's 75.49%)

    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.
    • Nicnak
    • By Nicnak 15th Nov 17, 7:19 PM
    • 398 Posts
    • 1,580 Thanks
    Nicnak
    Hi, Another £80 for me, so £500.x
    #252
    September 6th 2017 start Updated 4th NOV 17
    Credit Card £430 now: £0 Tesco Loan £7500 = £6891 Car loan £17450 = £16,748 Total = £25,330 £23,749 EMF #252
    Sealed pot challenge #589
    Pay off all your debts by Christmas #170
    • Arrietty
    • By Arrietty 16th Nov 17, 11:22 AM
    • 58 Posts
    • 235 Thanks
    Arrietty
    Small transfer of £6.86 for me today.
    New balance = £145.58

    EFC Member 254: £145.58
    Old Style WLC: - 4/20lbs
    • carbootcrazy
    • By carbootcrazy 16th Nov 17, 12:25 PM
    • 4,132 Posts
    • 23,239 Thanks
    carbootcrazy
    Sorry I haven't been around for ages but real life has dealt me a few blows lately. Happily and miraculously my EF remains intact.


    I haven't had the time to read all the posts I've missed but I can see there are some new members. A big welcome to you


    I'll try to have a catch-up read as soon as I can but in the meantime congratulations or commiserations to everyone who has saved or had to spend any money.
    Make £10 A Day Challenge 2017. Jan-Oct: £4500 ish
    Signing off for 2017, already smashed my year's target
    3-6 Months Emergency Fund Challenge #12: £3733.00/£5000.

    Original Debt: £56804 (@ LBM 02/13). Balance now: £15841
    . Getting there. Balance so out of date, must update asap!
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

320Posts Today

1,738Users online

Martin's Twitter