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  • FIRST POST
    • patman99
    • By patman99 3rd Oct 14, 10:35 PM
    • 8,155Posts
    • 9,603Thanks
    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 ..................#258 Missymae0
    #259 Moneyx3 ...........................................#260 itslulu
    #261 lheart ................................................#2 62 MeenaM
    #263 Bublin1 ..............................................#264 flying mamma
    #265 ani*fan ..............................................#266 jaxsmar
    #267 haybel19 ..............................................#268 Pickle_99_uk
    #269 HLB10 ..............................................#270 Littlebigmoose


    This list is correct as of 19/1/17.
    Last edited by patman99; 18-01-2018 at 9:43 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 138
    • patman99
    • By patman99 1st Jan 18, 5:46 PM
    • 8,155 Posts
    • 9,603 Thanks
    patman99
    Surely you can off-set the cost against business income?.
    Don't forget to get the garage to replace the water pump and tensioners at the same time. Some will just change the belt itself rather than the whole kit of parts.

    Reminds me I need to set aside £500 to have the same job done on mine. Will need the dual mass flywheel done later too.
    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.
    • adventureofmemories
    • By adventureofmemories 1st Jan 18, 5:48 PM
    • 159 Posts
    • 525 Thanks
    adventureofmemories
    #257 £2.00 in my emergency fund pot .
    Waiting until I get paid to deposit £100.00 in my online EF account.

    Starting again. £1,£2,£5 etc when spare will be put into my pot and £100 transfered each month when I can afford it .
    Debt to fiancee - £404.00 (left to pay) | Save £12,000 in 2018 - £371.90 all together|2,018 items in 2018 (8/2,018)
    • jaxsmar
    • By jaxsmar 1st Jan 18, 7:22 PM
    • 390 Posts
    • 1,538 Thanks
    jaxsmar
    Hi can I join, I really need to build an emergency fund.
    • Dobbibill
    • By Dobbibill 2nd Jan 18, 11:21 AM
    • 2,645 Posts
    • 3,744 Thanks
    Dobbibill
    Happy New Year everyone.

    #45 update

    My usual SO went across today meaning my new total is £1000 aka 100%. Yay

    Really speaking, because it's come out of December's pay I could have updated it when it was ready and waiting to move to the right account meaning my target was hit in 2017 but as all my updates follow the SO moving on the 1st I thought I would stick to the rules I created and update once it was safely in the correct account. An excellent way to start 2018 anyway.

    I'm going to leave the SO going every month as I remember being here once before and exceeding the target. To then find the bathroom refurb went over budget and I needed to pull funds out for the difference. Finger's crossed I won't need to do that again ..... but just in case .....
    I'm a Board Guide on the Energy, Student Money Saving, UK Armed Forces and
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    A person who never made a mistake, never tried anything new.
    • lcc86
    • By lcc86 2nd Jan 18, 1:57 PM
    • 942 Posts
    • 2,663 Thanks
    lcc86
    Transferred £150 to my EF today, am up to £822. Not long to go now hopefully!
    1/12/14 total £9,140 DFD 30/01/17
    http://forums.moneysavingexpert.com/showthread.php?t=5124473 - my original diary
    25/08/17 £802 owed 21/12/17 cleared and determined to stay debt free this time
    £762/£1000 EF £718 saved for household jobs
    • foxyloxy11
    • By foxyloxy11 2nd Jan 18, 3:07 PM
    • 251 Posts
    • 1,373 Thanks
    foxyloxy11
    Surely you can off-set the cost against business income?.
    Don't forget to get the garage to replace the water pump and tensioners at the same time. Some will just change the belt itself rather than the whole kit of parts.

    Reminds me I need to set aside £500 to have the same job done on mine. Will need the dual mass flywheel done later too.
    Originally posted by patman99
    Thanks for that Patman...yes they do change the pump and tensioners, but thanks for highlighting that for me it will go through the books but will have to come out of em fund to pay for it.
    £1000 Emergency fund challenge #225 - £765.00.00/£1000 Baby Step 1
    # 110 Paid off by xmas 2018 - £115/£6543
    De-clutter challenge 2018 - 3 items a day
    Debt free day October 2019 - End of Baby Step 2
    • foxyloxy11
    • By foxyloxy11 2nd Jan 18, 3:09 PM
    • 251 Posts
    • 1,373 Thanks
    foxyloxy11
    Forgot to add... a little more for me in the kitty so -
    #225 up to £765.00 at the moment
    £1000 Emergency fund challenge #225 - £765.00.00/£1000 Baby Step 1
    # 110 Paid off by xmas 2018 - £115/£6543
    De-clutter challenge 2018 - 3 items a day
    Debt free day October 2019 - End of Baby Step 2
    • adventureofmemories
    • By adventureofmemories 2nd Jan 18, 8:22 PM
    • 159 Posts
    • 525 Thanks
    adventureofmemories
    £3.00 in my emergency pot in total
    Debt to fiancee - £404.00 (left to pay) | Save £12,000 in 2018 - £371.90 all together|2,018 items in 2018 (8/2,018)
    • lcc86
    • By lcc86 3rd Jan 18, 6:31 PM
    • 942 Posts
    • 2,663 Thanks
    lcc86
    Transferred £150 to my EF today, am up to £822. Not long to go now hopefully!
    Originally posted by lcc86
    I spoke to soon, had a trip to the vet for my rabbit today, £120 I've contacted the rescue centre as it was to do with a pre-existing condition which they said they can help pay with. So until I hear from them I used my credit card,but will pay it ASAP with funds from my emergency fund.
    1/12/14 total £9,140 DFD 30/01/17
    http://forums.moneysavingexpert.com/showthread.php?t=5124473 - my original diary
    25/08/17 £802 owed 21/12/17 cleared and determined to stay debt free this time
    £762/£1000 EF £718 saved for household jobs
    • patman99
    • By patman99 3rd Jan 18, 9:44 PM
    • 8,155 Posts
    • 9,603 Thanks
    patman99
    Welcome to member #266, who is jaxsmar.

    Looks like next payslip will be a bit of a muddle. They paid everyone based on them having worked 2x 40 hours in the two weeks prior to Christmas.
    I was off sick for the 3 days prior to Xmas break, so these need to be deducted from my January payslip.
    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.
    • Moneyx3
    • By Moneyx3 3rd Jan 18, 9:52 PM
    • 25 Posts
    • 47 Thanks
    Moneyx3
    Hi

    Made first transfer to emergency fund today. £30. Opened separate savings account in different bank to mine so not easily accessible otherwise ....

    #259 £30
    • haybel19
    • By haybel19 4th Jan 18, 7:17 AM
    • 1,311 Posts
    • 8,193 Thanks
    haybel19
    Please can I join you? Really need to build up an emergency fund.
    Make £10 a day challenge November £125.60/310
    December 417.35/310 January 271.33/310

    £1000 emergency fund challenge 0/1000

    Rule of 3 challenge 13/365
    • jaxsmar
    • By jaxsmar 4th Jan 18, 4:01 PM
    • 390 Posts
    • 1,538 Thanks
    jaxsmar
    Welcome to member #266, who is jaxsmar. Thank you patman99. Hoping to start tomorrow with a payment.
    Penny wise pound foolish #266 emergency fund 50/£1000.
    • adventureofmemories
    • By adventureofmemories 5th Jan 18, 9:22 PM
    • 159 Posts
    • 525 Thanks
    adventureofmemories
    Got paid today.
    £100 In my emergency fund.

    Making total £103.00
    Debt to fiancee - £404.00 (left to pay) | Save £12,000 in 2018 - £371.90 all together|2,018 items in 2018 (8/2,018)
    • patman99
    • By patman99 6th Jan 18, 7:16 PM
    • 8,155 Posts
    • 9,603 Thanks
    patman99
    WElcome haybel19. You are #267.
    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.
    • Pickle_99_uk
    • By Pickle_99_uk 7th Jan 18, 8:38 AM
    • 104 Posts
    • 392 Thanks
    Pickle_99_uk
    Hi, can I join please? I currently have £51.89 in my emergency pot

    Thanks x
    • carbootcrazy
    • By carbootcrazy 7th Jan 18, 11:26 AM
    • 4,239 Posts
    • 23,800 Thanks
    carbootcrazy
    Please can I join you? Really need to build up an emergency fund.
    Originally posted by haybel19
    haybel. Lovely to see you over here.
    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: £12411
    . Getting there.
    • carbootcrazy
    • By carbootcrazy 7th Jan 18, 11:34 AM
    • 4,239 Posts
    • 23,800 Thanks
    carbootcrazy
    Well done all you EF savers and commiserations to all who have needed to deplete theirs.


    The 2 car tyres I had to buy in mid December that OH organised for me and temporarily paid for on his card haven't caused me to have to raid my EF after all. OH said they can be his treat instead of a Christmas present. I think he must have had a brainstorm as he never buys Christmas presents for me or anyone else normally so that was a real result.
    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: £12411
    . Getting there.
    • jaxsmar
    • By jaxsmar 7th Jan 18, 2:02 PM
    • 390 Posts
    • 1,538 Thanks
    jaxsmar
    Opened a new Savings account. Transferred £ 50.00 for emergency fund.
    Penny wise pound foolish #266 emergency fund 50/£1000.
    • HLB10
    • By HLB10 7th Jan 18, 2:38 PM
    • 10 Posts
    • 38 Thanks
    HLB10
    Hi, please can I join? I had £100 in mine then got a vet's bill (I guess the point of having this fund) which leaves the total at £1.21!!! So a long way to go.
    MFW #149 Target for 2018 £5000 / £68 overpaid

    Emergency fund challenge #269 £1000 / £82.13
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