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  • FIRST POST
    • patman99
    • By patman99 3rd Oct 14, 10:35 PM
    • 8,163Posts
    • 9,620Thanks
    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
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    #37 redlaces .................................................# 38 stiltoncheese
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    #47 Ms.Dita .................................................# 48 On my way
    #49 CountingPennies ................................#50 Tilly MFW in 6 YRS
    #51 Hoipolloi ...............................................#52 pozza_73
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    #55 kdalwayskint ........................................#56 So Very Confused
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    #59 Vkz .................................................. ......#60 Ep007
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    #67 Depth of field .........................................#68 happybunny86
    #69 R2B .................................................. ......#70 Toomuchdebt
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    #249. Cozicup ...........................................#250 SamSam17
    #251 ej22 ................................................#2 52 Nicnak
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    #269 HLB10 ..............................................#270 Littlebigmoose
    #271 xironsongx .......................................#272 Stayathomemum36

    This list is correct as of 19/1/17.
    Last edited by patman99; 04-02-2018 at 12:10 PM. Reason: List got 'lost'.
    Never Knowingly Understood.

    Member #1 of 1,000 challenge - 1000/ 1000 (that's 100%)

    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 141
    • Toomuchdebt
    • By Toomuchdebt 10th Feb 18, 2:37 PM
    • 1,832 Posts
    • 3,036 Thanks
    Toomuchdebt
    Starting over

    #70 0/1000 sigh
    Debts Jan 2014 20,108.34

    Debts Feb 2018 6829.63

    EF #70 0/1000
    • xironsongx
    • By xironsongx 10th Feb 18, 3:51 PM
    • 77 Posts
    • 208 Thanks
    xironsongx
    Starting over,
    Not saving for a wedding right now any more.
    Nothing bad has happened but there is a lot i want to save for before the big day,
    like having a financial cushion for us, as I've been ill a lot recently. I would like to learn to drive & purchase a car awell as buying a laptop.

    I moved all my savings into my savings builder account and renamed it Emergency fund.
    I have 286.17 in there now, so I've completed 29% of it already.
    Emergency Fund 136.17/1000.00(14%)
    Xmas '18 61.00/300.00(17%)
    Health 34.40/200 (17%)
    • HLB10
    • By HLB10 10th Feb 18, 5:11 PM
    • 16 Posts
    • 62 Thanks
    HLB10
    #269 just updating - balance of big fat zero! At least it was spent on emergency expenses, but still frustrating!
    MFW #149 Target for 2018 2000 / 136 overpaid

    Emergency fund challenge #269 750 / 15.0 - spent 100 at the vet and another 80 on breakdown insurance
    • patman99
    • By patman99 10th Feb 18, 8:56 PM
    • 8,163 Posts
    • 9,620 Thanks
    patman99
    Just getting used to being monthly paid again. As of last week, I now have a permanent contract of employment rather than the 3 month rolling one I was initially employed on.

    It came about due to the chap I was brought in to assist having a fight with another guy over a bit of rubbish that had dropped out of a skip.

    HLB10, that is what the EF is for. It means you have the money set aside for when an emergency happens.
    Never Knowingly Understood.

    Member #1 of 1,000 challenge - 1000/ 1000 (that's 100%)

    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.
    • xironsongx
    • By xironsongx 11th Feb 18, 7:25 AM
    • 77 Posts
    • 208 Thanks
    xironsongx
    Added 20 to my fund,
    Making toal 306.00
    & 31% complete
    Emergency Fund 136.17/1000.00(14%)
    Xmas '18 61.00/300.00(17%)
    Health 34.40/200 (17%)
    • Stayathomemum36
    • By Stayathomemum36 11th Feb 18, 9:24 AM
    • 35 Posts
    • 122 Thanks
    Stayathomemum36
    Definitely frustrating but imagine if you never had the fund in the first place...we severely dented ours several times over the last few months
    Payment a day challenge 2018 400.24
    1000 emergency fund challenge 410.81 / 1000.Started my Debt Free Diary: "Making the changes and sticking to it" Feb 2018.
    O/D 550/0 Next 636 435.00 CC Debt: 2903128182.10
    • xironsongx
    • By xironsongx 12th Feb 18, 9:27 AM
    • 77 Posts
    • 208 Thanks
    xironsongx
    I've moved a lot of my money in my other sinking funds,
    I have 106.00 in my emergency fund for general things
    but I've put away for "individual" emergencies or needed things.


    34.40 for Medication (4 x 8.60) - I get ear infections a lot in winter
    60.00 - for clothes , I may need to get some more undies / work trousers / shoes as mine are wearing out
    50.00 for home products - I'm finding that I use a lot of my budget to buy home items
    Gifts - 50 , I've got a few birthdays coming up
    Christmas - I already had 56 stashed away but moved 5 over to have 2 months (of 31)
    Emergency Fund 136.17/1000.00(14%)
    Xmas '18 61.00/300.00(17%)
    Health 34.40/200 (17%)
    • Stayathomemum36
    • By Stayathomemum36 12th Feb 18, 9:30 AM
    • 35 Posts
    • 122 Thanks
    Stayathomemum36
    #272 1.48 transferred from main Curent Account today so 410.81/1000
    Payment a day challenge 2018 400.24
    1000 emergency fund challenge 410.81 / 1000.Started my Debt Free Diary: "Making the changes and sticking to it" Feb 2018.
    O/D 550/0 Next 636 435.00 CC Debt: 2903128182.10
    • Toomuchdebt
    • By Toomuchdebt 13th Feb 18, 5:21 PM
    • 1,832 Posts
    • 3,036 Thanks
    Toomuchdebt
    Well managed to put some money into the EF today...not much but it's a start

    #70 15/1000
    Debts Jan 2014 20,108.34

    Debts Feb 2018 6829.63

    EF #70 0/1000
    • HLB10
    • By HLB10 13th Feb 18, 8:15 PM
    • 16 Posts
    • 62 Thanks
    HLB10
    You're all right - that is what the EF is there for - I would just like it to maybe have 100 in it for more than a week

    I had 2 payments today from prolific studies and quidco, and have rounded down the joint account so my EF now stands at a staggering 13.97

    #269 EF 13.97
    Last edited by HLB10; 13-02-2018 at 8:34 PM.
    • xironsongx
    • By xironsongx 16th Feb 18, 10:34 PM
    • 77 Posts
    • 208 Thanks
    xironsongx
    I have transfered spme money over ,
    My total is now 136.00 .
    Emergency Fund 136.17/1000.00(14%)
    Xmas '18 61.00/300.00(17%)
    Health 34.40/200 (17%)
    • Treasurequeen
    • By Treasurequeen 17th Feb 18, 4:10 PM
    • 311 Posts
    • 3,373 Thanks
    Treasurequeen
    #223 just updating: have transferred 50 to my emergency fund so my total now is 600/1000. this is after my holiday money has been taken.
    The 1000 emergency fund challenge #223
    Pay for birthdays and Christmas 2018 with surveys #17
    2018 Frugal Living Challenge #44
    Sealed Pot Challenge 2018~ 11 #40
    2 saver club
    • xironsongx
    • By xironsongx 17th Feb 18, 9:29 PM
    • 77 Posts
    • 208 Thanks
    xironsongx
    I transfered some more money into my emergency fund
    I have 200.00 now
    Emergency Fund 136.17/1000.00(14%)
    Xmas '18 61.00/300.00(17%)
    Health 34.40/200 (17%)
    • debtfreeby2020
    • By debtfreeby2020 24th Feb 18, 9:57 AM
    • 12 Posts
    • 12 Thanks
    debtfreeby2020
    Hi there.

    I also learned of the method via the Dave Ramsey Show. I have started my emergency fund of 1000 already but I would like to join the challenge if that's ok? My balance is 200.02/1000
    • Moneybutterfly35
    • By Moneybutterfly35 24th Feb 18, 6:45 PM
    • 20 Posts
    • 64 Thanks
    Moneybutterfly35
    #244 been a while but I!!!8217;m 1500/1000 finally! But I!!!8217;m starting again so I can cover my OH. Sooooo can you pop me down as 0/1000 please?
    #583 (#244 EF challenge)
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