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
    • 8,156Posts
    • 9,607Thanks
    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
    #271 Penniesforfuture ...............................

    This list is correct as of 19/1/17.
    Last edited by patman99; Yesterday at 10:26 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 139
    • Pickle_99_uk
    • By Pickle_99_uk 7th Jan 18, 7:17 PM
    • 105 Posts
    • 392 Thanks
    Pickle_99_uk
    Slow progress but progress nonetheless. £52.93 now x
    Emergency pot 78.73/1000
    Make 2018 in 2018: 413/2018
    • adventureofmemories
    • By adventureofmemories 7th Jan 18, 7:34 PM
    • 159 Posts
    • 527 Thanks
    adventureofmemories
    £110.00 In online banking today and £100.00 put in on friday. =
    £210
    £3.00 in my emergency fund
    Last edited by adventureofmemories; 07-01-2018 at 7:36 PM.
    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 7th Jan 18, 10:13 PM
    • 8,156 Posts
    • 9,607 Thanks
    patman99
    Pickle, you are member #268 and HBL10, you are #269.

    You are both welcome. Wonder if we will make it to 300 members.
    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.
    • carbootcrazy
    • By carbootcrazy 8th Jan 18, 10:31 AM
    • 4,249 Posts
    • 23,857 Thanks
    carbootcrazy
    Pickle, you are member #268 and HBL10, you are #269.

    You are both welcome. Wonder if we will make it to 300 members.
    Originally posted by patman99
    I think we will. I remember you wondering if we would reach 100 members when you started the thread, patman and look how well it's going now
    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.
    • PositiveBalance
    • By PositiveBalance 8th Jan 18, 10:47 AM
    • 603 Posts
    • 2,815 Thanks
    PositiveBalance
    Hello everyone! I started this challenge, did it for a bit, needed to use the money for an emergency and it never replenished it due to debt repayment. I'm going to join in again if you will still have me?

    I should be able to get this money together in a few months. I may use it about mid year to pay down a credit card when the zero period enter runs out before I try to transfer it to another one to carry on paying it down (less balance transfer fee, if applicable, at the time), then I will build it back up again.

    Happy saving, everyone!)
    Original debt to source: £11,639.02; debt repaid: £6200.01 (53%); remaining debt: £5438.01.
    0% CC balance: £4999.10 (was £5000).

    Terrimundi: £4.00

    • Florence J
    • By Florence J 9th Jan 18, 5:50 PM
    • 1,857 Posts
    • 11,042 Thanks
    Florence J
    £3.15 transferred today, not sure how much is in there but it won't be much.
    Sealed Pot Challenge 11 #553
    £1000 Emergency Fund Challenge #253
    Wombling free 2017 = £2195.92
    Pay off all your debts by Xmas 2017 #53 (£3168.45/£3000)
    November 2017 Credit Card Debt: £3980
    • HLB10
    • By HLB10 9th Jan 18, 9:39 PM
    • 11 Posts
    • 40 Thanks
    HLB10
    #269 checking in with a £78 refund moved to the Emergency Savings.
    MFW #149 Target for 2018 £5000 / £68 overpaid

    Emergency fund challenge #269 £1000 / £0 - spent £100 at the vet and another £80 on breakdown insurance!!
    • ploppy57
    • By ploppy57 10th Jan 18, 8:13 PM
    • 420 Posts
    • 3,052 Thanks
    ploppy57
    Coming back to this thread after a dismal attempt last year as ended up needing the money for so many things. As you can see there isn't much in there at the moment, but hoping to get the total up soon. I am determined to be a lot more motivated at everything this year. Happy New year to you all.
    DMP started March '15 - £57,549 Now approx..£44,651. DFD 2031! Based on current figures, but hope improve on that.
    Emergency fund #231... £17/£1000.
    £2 Challenge #43.... £14. 20p Challenge #104... £1.60
    "There's a Great Big Beautiful Tomorrow, Shining at the end of every day"
    • HLB10
    • By HLB10 11th Jan 18, 3:39 PM
    • 11 Posts
    • 40 Thanks
    HLB10
    #269 - £2.92 from Quidco moved to the Emergency Savings - it now has 82.13 in it so a way to go yet!
    MFW #149 Target for 2018 £5000 / £68 overpaid

    Emergency fund challenge #269 £1000 / £0 - spent £100 at the vet and another £80 on breakdown insurance!!
    • patman99
    • By patman99 11th Jan 18, 10:28 PM
    • 8,156 Posts
    • 9,607 Thanks
    patman99
    Must get my backside in gear and tx my TopCashBack rewards to my bank account so I can add them to my EF.

    Also need to do the same with my NatWest rewards as well.

    My mum's house insurance is due soon, so will renew that for her view TopCashBack to earn some money.
    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.
    • carbootcrazy
    • By carbootcrazy 12th Jan 18, 11:11 AM
    • 4,249 Posts
    • 23,857 Thanks
    carbootcrazy
    Car wouldn't start on Wednesday morning. Dead as a dodo. Not best pleased as I had an appointment. The car had started at the first turn of the key every time previously so I couldn't imagine it could just be the battery. I was dreading big expense coming up. My knowledge of what goes on under a car bonnet is zilch though

    OH disconnected the battery and took it to the nearest battery 'shop' which is a trek in itself and they tested it and said it was kaput and beyond resuscitation. He brought a new one home, fitted it and everything is working fine now. He'd lent his jump leads to someone months ago and never got them back so was unable to jump start my car prior to getting it checked anyway so taking the battery in was the only option out in the sticks where we live. I'd had the old battery a good while and it was only a cheapie anyway. OH was thinking of buying one of those portable starter gadgets that do away with jump leads but even if we'd had one it wouldn't have been much help in this case.


    Long story short (well. knowing me, not so short at all) OH bought me a lottery Lucky Dip ticket on his way home as a 'treat' because I'd been down in the dumps lately and it won £25 in that night's draw. Battery cost just under £50 but with my winnings it really only cost me £25. Big sigh of relief as I don't need to raid my EF which miraculously still stands at £1000
    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.
    • foxyloxy11
    • By foxyloxy11 12th Jan 18, 8:31 PM
    • 251 Posts
    • 1,376 Thanks
    foxyloxy11
    CARBOOTCRAZY that's brilliant!

    I know who I'd be getting to do the lottery from now on Hope your feeling a little better now too,
    £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
    • patman99
    • By patman99 12th Jan 18, 9:41 PM
    • 8,156 Posts
    • 9,607 Thanks
    patman99
    Cars can be a pain sometimes. However, as the only driver in the family, i am relied on to pick up/drop off my son (who just canot get to grips with driving), run errands for my spouse and my mum and transport family to events.
    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 14th Jan 18, 11:47 AM
    • 251 Posts
    • 1,376 Thanks
    foxyloxy11
    At least as you started this challenge PATMAN we have emergency funds to pay for the dreaded car trouble
    £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
    • Littlebigmoose
    • By Littlebigmoose 15th Jan 18, 4:10 AM
    • 17 Posts
    • 60 Thanks
    Littlebigmoose
    Hello everyone. Glad I found a thread with a challenge that matches my exact goal. Could i join please?
    GOAL: To build savings and be debt free
    (i) £1000 Emergency fund challenge- number 270... £24.50/£1000
    (ii) 1% Challenge 2018- number 23
    (iii) Sealed Pot Challenge11 - number 014
    • amber03
    • By amber03 15th Jan 18, 12:48 PM
    • 810 Posts
    • 4,909 Thanks
    amber03
    No. 112, EF now standing at £451.00. Am tempted to transfer more over from my normal account but when I usually do this disaster strikes and I have to transfer the money back so think will leave it where it is till the day before I get paid. Just too impatient to get it to the £1000.x
    Debtfree and and staying that way.
    £1000 Emergency fund No.112 £451.00
    • lcc86
    • By lcc86 15th Jan 18, 6:20 PM
    • 942 Posts
    • 2,668 Thanks
    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.
    Originally posted by lcc86


    Good news from the rescue centre, they will cover half the cost of the treatment, I just have to wait for a cheque. I'll take the £60 hit to the EF and adjust my signature accordingly! However the other rabbit decided to get ill and also cost me money at the vet, although hers is going through the insurance. I should get some of that back as well. For now the EF stands at £762.


    This has reaffirmed 2 things for me:
    1. Having an emergency fund is an absolute necessity!
    2. Ditto for pet insurance!
    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 18th Jan 18, 9:45 PM
    • 8,156 Posts
    • 9,607 Thanks
    patman99
    Welcome to Littlebigmoose. You are #270 of our growing clan of EF savers.
    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.
    • Penniesforfuture
    • By Penniesforfuture 20th Jan 18, 10:06 AM
    • 33 Posts
    • 112 Thanks
    Penniesforfuture
    Id like to join
    £190.00 in my bank-account
    £6.00 in my emergency fund piggy bank
    Engaged 01-09-2017
    babyStep1: £145.00/£1,000 Piggy bank: £9.00 christmas'18 £30
    WeddingFund £70.00 / £5,000 | £2.60 in piggyfund
    • Nicnak
    • By Nicnak 21st Jan 18, 7:08 AM
    • 719 Posts
    • 3,927 Thanks
    Nicnak
    Very slow progress for me, but checking in with another £20. I think that takes me to £540/£1000.
    September 6th 2017 - Updated 21st January 2018
    Credit Card £0 now: £1796 Tesco Loan £7500 = £676 Consolidation £15,000 = £14,725 Total = £25,330 £17,197 32% gone EMF #252 = £500/£1000
    Sealed pot challenge #589
    Pay off all your debts by Christmas #170
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

980Posts Today

7,797Users online

Martin's Twitter