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  • FIRST POST
    • DreamerHelen
    • By DreamerHelen 20th Oct 15, 8:30 AM
    • 2,487Posts
    • 13,397Thanks
    DreamerHelen
    3-6 Month Emergency Fund Challenge!!
    • #1
    • 20th Oct 15, 8:30 AM
    3-6 Month Emergency Fund Challenge!! 20th Oct 15 at 8:30 AM
    Morning Everyone....


    I have been wondering for MONTHS now about what would happen if there was some kind of Emergency....I am self-employed and also starting a new Business which will also be on a self-employed basis....so I will never get holiday pay or sick pay....although I AM hoping to maybe get an employed Job but that would only be for a couple of days a Week so it won't cover me completely if something were to happen....


    My health is not wonderful at the moment, and hasn't been for a while, but I'm going to start trying to lose Weight once I've moved Flats (which I'm doing this Weekend!!).


    So the point of this Challenge is to save up at least 3 month's worth of wages....that can be a different amount for each person....and some people might want to save up to 6 months if they are feeling ambitious!!


    Me personally, I want to save 3 months worth of wages which for me will be 6000.


    Now, there is ABSOLUTELY NO TIME LIMIT on this Challenge...in fact I suspect it could take me Years to get to the point of having 3 months wages as Savings....For now I can only afford 5 per week but as my new Business builds up (hopefully!!) then I should be able to afford more.


    This Thread is mainly for us all to encourage each other to keep on Saving and to celebrate when we reach milestones, however large or small they may be.....Like for me, when I get to having 500 I will be ecstatic!!


    I also wanted to say that if at any time an emergency crops up and you need to use your Fund and then start again then please don't worry about doing that.....It's what the Emergency Fund is there for after all....


    I don't like having Savings in the Bank as I get too tempted to spend them so I'm going to invest in a Terramundi to put my Savings into at least at first......but other's may choose to use their Bank Accounts or a Tin from Poundworld...or stuff it under your Mattress!!


    Sooooo.....Here we go.....I'll add the names below as people Join....xXx




    CHALLENGERS
    1) DreamerHelen - GOAL: 6000 CURRENTLY: 150/6000
    2) Dobbibill - GOAL: 9000 CURRENTLY: 9000/9000 - COMPLETE!!
    2) Dobbibill - NEW GOAL: 5000 CURRENTLY: 568.49/5000
    3) Patman99 - CURRENTLY: 165
    4) LittleMissDetermined - GOAL: 7129 CURRENTLY: 1350/7129
    5) Sophieo16 - GOAL: 3000 CURRENTLY: 3000/3000 - COMPLETE!!
    5) Sophieo16 - NEW GOAL: 4000 CURRENTLY: 1730.73/4000
    6) Crv1963 - INITIAL GOAL: 7800 CURRENTLY: 10/7800
    7) Mothernerd - INITIAL GOAL: 1000 CURRENTLY: 1000/1000 COMPLETE!!
    8) Stewby - GOAL: 2000 CURRENTLY: 230.76/2000
    9) stoplurking - GOAL: 4000 CURRENTLY: 1840/4000
    10) crazy_cat_lady - GOAL: 6338 CURRENTLY: 17.66/6338
    11) stormpassing - GOAL: 5400 CURRENTLY: 30/5400
    12) carbootcrazy - GOAL: 3000 CURRENTLY: 1200/3000
    13) Munchin - GOAL: 6000 CURRENTLY: 1300/6000
    14) traveller - INITIAL GOAL: 1000
    15) Freysmum - GOAL: 8500 CURRENTLY: 8500/8500 - COMPLETE!!
    16) The Only Girl - GOAL: 12,000 CURRENTLY: 9425.89/12,000
    17) Southern-girl - GOAL: 5000 CURRENTLY: 437/5000
    18) dubsteppenguin - GOAL: 5000 CURRENTLY: 250/5000
    19) DuranGirl - GOAL: 6000 CURRENTLY: 5000/6000
    20) WantToBeSE - GOAL: 5000 CURRENTLY: 1000/5000
    21) black cat - GOAL: 6000 CURRENTLY: 6000/6000 - COMPLETE!!
    22) lexbubbles - GOAL: 4600 CURRENTLY: 2158.63/4600
    23) ani*fan - GOAL: 3000 CURRENTLY: 40.29/3000
    24) Keeping Motivated - GOAL: 6000 CURRENTLY: 6000/6000 - COMPLETE!!
    24) Keeping Motivated - NEW GOAL: 6000 CURRENTLY: 3790/6000
    25) rylee12 - GOAL: 6000
    26) Rosylee - GOAL: 8850 CURRENTLY: 60/8850
    27) BlackFrosting - GOAL: 2700 CURRENTLY: 69.37/2700
    28) Westbeef - GOAL: 5000
    29) skye blue - GOAL: 3000 CURRENTLY: 1500/3000
    30) MrsSave - GOAL: 5000 CURRENTLY: 1241.36/5000
    31) crimson.addict - GOAL: 10,000 CURRENTLY: 350/10,000
    32) linc1205 - GOAL: 20,000 CURRENTLY: 20/20,000
    33) Brass_Triumphant - GOAL: 5000 CURRENTLY: 450/5000
    34) Christa27 - GOAL: 3000
    35) Wishfullthinking2 - GOAL: 4500
    36) x_raphael_xx - GOAL: 4000 CURRENTLY: 1100/4000
    37) moneymakestheworldgoround - GOAL: 3000
    38) georgiebrown0 - GOAL: 6000
    39) Sharon87 - GOAL: 1500 CURRENTLY: 330/1500
    40) BabyBetty - GOAL: 5000 CURRENTLY: 276/5000
    41) -Selene - GOAL: 5000 CURRENTLY: 691.69/5000
    42) Thistlewhistle - GOAL: 5000 CURRENTLY: 2500/5000
    43) abundant1972 - GOAL: 4500 CURRENTLY: 250/4500
    44) castlelough - GOAL: €3000 CURRENTLY: €86/€3000
    45) MLAB - INITIAL GOAL: 450
    46) milasavesmoney - GOAL: $15000 CURRENTLY: $11,273/$15000
    47) WatWing - GOAL: 3900 CURRENTLY: 250/3900
    48) happytails - GOAL: 8400
    49) Grandad's Offspring - GOAL: 5000 CURRENTLY: 80/5000
    50) Smodlet - GOAL: 3000 CURRENTLY: 325/3000
    51) JCUK - GOAL: 6000 CURRENTLY: 1250/6000
    52) Mooloo - GOAL: 4000 CURRENTLY 519.23/4000
    53) aphill24 - GOAL: 5000 CURRENTLY: 1100/5000
    54) evo5819 - GOAL: 3000
    55) mum-to-many - GOAL: 3000 CURRENTLY: 306/3000
    56) oh2bdebtfree - GOAL: 6000
    57) Keedie
    58) AnxiousHomemaker - INITIAL GOAL: 500 CURRENTLY: 15/500
    59) PoorGuyNextDoor - GOAL: 5300
    60) angelicious - GOAL: 7200 CURRENTLY: 270/7200
    61) misselvis - GOAL: 6000
    62) benten69 - GOAL: 10,750 CURRENTLY: 230/10,750
    63) TopsyMum - GOAL: 1000
    64) Poor_Single_lady - GOAL: 5000 CURRENTLY: 80/5000
    65) swimminginaseaofdebt - GOAL: 9000 CURRENTLY: 15.71/9000
    66) Dragon Lily - GOAL: 3000 CURRENTLY: 1181/3000
    67) FrugalinShropshire - GOAL: 7200
    68) Determined diva - GOAL: 2000 CURRENTLY: 1050/2000
    69) muppets - GOAL: Euro 15,000 CURRENTLY: Euro 3800/15,000
    70) dfbefore30 - GOAL: 5000 CURRENTLY: 1541/5000
    71) indigowarrior - GOAL: 6000
    72) angelpye - GOAL: 4200
    73) HoneyBee83 - GOAL: 1000 CURRENTLY: 180/1000
    74) wegle - GOAL: 6000 CURRENTLY: 548.23/6000
    75) Hillwalker17 - GOAL: 6000 CURRENTLY: 1000/6000
    76) Doglover - GOAL: 7500
    77) NewMeNewLife - GOAL: 5000 CURRENTLY: 300/5000
    78) Bumblebear - GOAL: 5670
    79) lilyflower7 - GOAL: 3000 CURRENTLY: 519.23/3000
    80) Dogbooks - GOAL: 9300 CURRENTLT: 950/9300
    81) kazt2006 - GOAL: 10,000 CURRENTLY: 7900/10,000

    If you haven’t already, join the forum to reply!
    This Forum tip was included in MoneySavingExpert.com's weekly email!
    Last edited by DreamerHelen; 21-05-2017 at 1:13 AM.
    Pay ALL Your Debts Off By Xmas 2017 #13 6000 Emergency Fund #1 150/6000 General 1000 Emergency Fund #13 5/1000 MSE Sealed Pot Challenge #089 - Stars From SueUU x23
Page 74
    • HoneyBee83
    • By HoneyBee83 7th Apr 17, 10:40 AM
    • 326 Posts
    • 3,434 Thanks
    HoneyBee83
    Sorry to hear about your pet. Hope he/she is on the mend again now. Vet bills were a major drain on my money last year but this year, so far, I've escaped any costs. Still keeping my fingers crossed though, my cat has a bit of a kamikaze approach to life. His annual check-up and flu booster will be due in the autumn so that will cost me but at least it's budgeted for
    Originally posted by carbootcrazy
    She is fine thank you Carbootcrazy. A slight eye infection but still happy as a pig in mud Reconizes the eye drops now tho so we have a lovely morning run around the garden!
    An EF is actually a saviour Always worried before as pet insurance won't pay out for a lot of things and fur babies can be super expensive as you well know.
    I will keep my fingers crossed that your kitty stays safe and healthy
    SPC #049 Day 144 DONE.
    Emergency Savings #73 = 180.00/1,000
    House Savings = 12,700/15,000 + 250.00 Furniture
    Morrisons= 40.00/100.00 Xmas 2017=20/200
    Holiday Fund = 0.00/1000 School Fund =0.00/200
    • carbootcrazy
    • By carbootcrazy 7th Apr 17, 11:50 AM
    • 3,629 Posts
    • 20,242 Thanks
    carbootcrazy
    She is fine thank you Carbootcrazy. A slight eye infection but still happy as a pig in mud Reconizes the eye drops now tho so we have a lovely morning run around the garden!
    An EF is actually a saviour Always worried before as pet insurance won't pay out for a lot of things and fur babies can be super expensive as you well know.
    I will keep my fingers crossed that your kitty stays safe and healthy
    Originally posted by HoneyBee83
    Thank you. He's 'helping me' find something in the depths of the shed today. He's having a great time jumping and diving into every nook and cranny (I don't allow him in this shed as a rule, it must be a big adventure to him). Thanks to him it's already taken me twice as long as I expected


    Oh yes, I remember the eye-drops palaver very well when my cat managed to get a thorn in his eyeball. My sympathies


    I cancelled my pet insurance last year because they were very selective in what they'd actually pay out for. Even when the treatment was claimable the excess made it barely worth it and then the premium went up the next year as a result anyway. I'll take my chances with what I can manage to save. I'd never neglect getting any treatment my lovely cat needed and I'd find it somehow
    Make 10 A Day Challenge 2017. Jan-Apr: 1240.02. May: 380.96
    3-6 Months Emergency Fund Challenge #12: 1200.00/3000. This is such hard going but I will do it.

    Original Debt: 56804 (@ LBM 02/13). Paid : 32316. Balance: 24488
    • lilyflower7
    • By lilyflower7 8th Apr 17, 7:02 AM
    • 36 Posts
    • 109 Thanks
    lilyflower7
    Hi! I'm hoping I can join this thread, I've just had to borrow money from my EF to pay an urgent-ish bill and while I know that's what it's for, I don't feel very on top of it at the moment. I didn't even realise what my balance was until I logged in yesterday so I'm hoping this thread will help me be more motivated to put money in and build up my EF.

    I have 802.30 at the moment and I'd like to start with an initial goal of 3,000.
    • Dobbibill
    • By Dobbibill 8th Apr 17, 9:26 AM
    • 2,135 Posts
    • 3,252 Thanks
    Dobbibill
    Hi! I'm hoping I can join this thread, I've just had to borrow money from my EF to pay an urgent-ish bill and while I know that's what it's for, I don't feel very on top of it at the moment. I didn't even realise what my balance was until I logged in yesterday so I'm hoping this thread will help me be more motivated to put money in and build up my EF.

    I have 802.30 at the moment and I'd like to start with an initial goal of 3,000.
    Originally posted by lilyflower7
    Welcome to the thread lilyflower7,

    Of course you can join.

    There's lots of support and motivation here and when Helen pops in she will give you a number and pop your progress and target on the first page.

    Keep us updated with things, we will cheer you on
    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.
    • skye blue
    • By skye blue 10th Apr 17, 5:37 PM
    • 76 Posts
    • 363 Thanks
    skye blue
    hi guys

    u ok helen

    please add 20 to my total

    i asked on my mortgage free wannabe diary if anyone knew if car boots were allowed on easter sunday, - no replies but just in case anyone was thinking of doing one our local one is going ahead and donating half the fees to the church

    thanks and keep going everyone
    • Determined diva
    • By Determined diva 10th Apr 17, 9:45 PM
    • 582 Posts
    • 2,720 Thanks
    Determined diva
    Hi all

    Im off the block again with 85 in the pot! #68

    woo hoo it feels great!
    DDx
    3-6 Month Emergency Fund Challenge!! #68 (1,050/2,000)
    Pay ALL your debt off by Xmas 2017 #92 (0.00/7.000)
    The "Save 12k in 2017" Thread! #TBC (1,050/2,000)

    • carbootcrazy
    • By carbootcrazy 11th Apr 17, 1:08 AM
    • 3,629 Posts
    • 20,242 Thanks
    carbootcrazy
    hi guys

    u ok helen

    please add 20 to my total

    i asked on my mortgage free wannabe diary if anyone knew if car boots were allowed on easter sunday, - no replies but just in case anyone was thinking of doing one our local one is going ahead and donating half the fees to the church

    thanks and keep going everyone
    Originally posted by skye blue

    I'm an avid car booter (can you guess that from my username?) and honestly don't know if they're allowed or not. I know I've done them on Easter Monday a few times but as I'm busy doing other things on the Sunday I don't take much notice. You've got me thinking now

    I know when I used to help out in a family furniture store at the weekends that Christmas Day and Easter Sunday were the only 2 days of the year when stores (real bricks-and-mortar ones that is) of a certain size were not allowed to open by law. Even that may have changed now though.
    Make 10 A Day Challenge 2017. Jan-Apr: 1240.02. May: 380.96
    3-6 Months Emergency Fund Challenge #12: 1200.00/3000. This is such hard going but I will do it.

    Original Debt: 56804 (@ LBM 02/13). Paid : 32316. Balance: 24488
    • Mooloo
    • By Mooloo 11th Apr 17, 7:52 AM
    • 8,878 Posts
    • 43,730 Thanks
    Mooloo
    My being away has meant that I could play around with my bank account balances this morning and I have rounded up my emergency funds to 400 total today.
    I have also added a small amount to my next holiday fund. the plan is to top both funds up equally with what ever I have surplus as although I just got back from Portugal I am due to go to Spain in August with my BF so I will need to at my way with that. I did have €215 left in my holiday purse so that's a good start for me.
    When I die I will know that I have lived, loved, mattered and made a difference, even if in a small way.
    • wegle
    • By wegle 12th Apr 17, 3:56 PM
    • 541 Posts
    • 1,560 Thanks
    wegle
    Hello everyone, sorry I've not been able to update for a while. I actually had to go into hospital for an operation so have been off work and a little incapacitated for the last 4 weeks. Unfortunately I need to drop down my saved so far figure #74 to 422.62. Weird issue, I got a promotion at work (yay!) and decided to start paying into the works pension so I got a fair amount less salary this month so had to use a bit of savings just to see me through until I get paid this month.

    Good thing is I've rejigged my whole budget and it looks like I'll actually be able to save a lot more each month from here on out.
    May NSD Challenge - 0/16
    3 Month Emergency Fund Challenge - 548.23/6000
    Bring Lunch to Work Everyday - 1/17
    • abundant1972
    • By abundant1972 12th Apr 17, 8:34 PM
    • 1,137 Posts
    • 8,265 Thanks
    abundant1972
    Happy (belated!) April everyone!!!

    So I did make my usual payment on 01st Month:


    Amount added = 250
    3-6 Month EF = 3050/4500


    However... on the 18th of this month I'm going to clear the following:

    Sainsbury's CC : 825
    M&S CC : 525
    TESCO CC : 550

    This will take me back down to 1150/4500 but I will be debt free, and 225/month better off from my April pay packet as no CC payments outgoing. I'll still have my ISA (now 3683.65!)... and I'm going to go at this challenge with renewed vigour!!!

    DEBT FREE - 15/05/17
    Follow your heart & be true to yourself always
    Help To Buy ISA = 3683.65. EF = 250.00/4500.00
    NST May : NSD=13/20 : Food 150/150 : Spends 40/100
    365 Day 1p Challenge = 297.55/667.95. 1.00 a Day = 151.00/365.00
    Meditation = 6/20. Exercise Sessions 10/13. Cash Bonus = 6/150 + 150/399.00
    • DreamerHelen
    • By DreamerHelen 14th Apr 17, 6:51 AM
    • 2,487 Posts
    • 13,397 Thanks
    DreamerHelen
    Morning Everyone...

    I think things have turned a corner for now...thank goodness....I am feeling much better health-wise, my working is flourishing, my emotional state is better this week and I'm eating better...So all in all MUCH MUCH MUCH better than the last several months...Hope it continues this way

    I've also managed to FINALLY put another Fiver in my 6000 Emergency Fund and my General 1000 Emergency Fund...So I'm really pleased with myself....It's a slow progress but I'm happy with that....

    So here's to the Updates... xXx

    HoneyBee83 - I've Updated the First Page...You're doing AMAZING!! Keep on going....How is the pooch doing now? xXx

    Dragon Lily - I've Updated the First Page...You go over the 1000-mark...WELL DONE and you're doing AWESOME!! Keep on moving forwards....I'm feeling much better thank you hun xXx

    carbootcrazy - Thank you so much for helping our Members out and supporting all of us...It's much appreciated...How are you doing? xXx

    lilyflower7 - WELCOME WELCOME WELCOME to our little family...it's lovely to have you here...and you most welcome to be here...I have added you to the Members List on Page One...You're already doing INCREDIBLE....I know you can stay motivated xXx

    Dobbibill - Thank you for welcoming our newest Member...I really appreciate you always being so lovely...I hope you are well hun xXx

    skye blue - I've Updated the First Page...You're doing BRILLIANTLY!! Keep on going....I am doing okay thanks hun xXx

    Determined diva - I've Updated the First Page...You're doing AMAZING!! I know you can do this... xXx

    Mooloo - I've Updated the First Page...You're doing INCREDIBLE as always....Keep going....How was Portugal? I hope you had an amazing time... xXx

    wegle - I've Updated the First Page....You're doing BRILLIANTLY!! Keep on going....How are you now after the Operation? We are always here for you hun xXx

    abundant1972 - I've Updated the First Page...You're doing AMAZING!! I've put the Total as 3050 but can you confirm that is right for now? If you're going to be Debt Free that's so worth using your Emergency Fund....Do let us know when that happens as I'm sure we will all want to celebrate with you xXx
    Pay ALL Your Debts Off By Xmas 2017 #13 6000 Emergency Fund #1 150/6000 General 1000 Emergency Fund #13 5/1000 MSE Sealed Pot Challenge #089 - Stars From SueUU x23
    • HoneyBee83
    • By HoneyBee83 15th Apr 17, 9:01 AM
    • 326 Posts
    • 3,434 Thanks
    HoneyBee83
    I cancelled my pet insurance last year because they were very selective in what they'd actually pay out for. Even when the treatment was claimable the excess made it barely worth it and then the premium went up the next year as a result anyway. I'll take my chances with what I can manage to save. I'd never neglect getting any treatment my lovely cat needed and I'd find it somehow
    Originally posted by carbootcrazy
    I actually decided to cancel mine this week. None of the vet visits would of been paid out by insurance so I have decided to pop the saving into the Emergency Fund. I spoke to my vets and they said they would more than happily let me pay monthly on a large bill using a standing order and a decent first payment... Sorted!

    Managed to put 20 into my EF this week so I'm now at 135.00
    SPC #049 Day 144 DONE.
    Emergency Savings #73 = 180.00/1,000
    House Savings = 12,700/15,000 + 250.00 Furniture
    Morrisons= 40.00/100.00 Xmas 2017=20/200
    Holiday Fund = 0.00/1000 School Fund =0.00/200
    • HoneyBee83
    • By HoneyBee83 15th Apr 17, 9:02 AM
    • 326 Posts
    • 3,434 Thanks
    HoneyBee83
    Good morning DreamerHelen,

    Pooch is much better thank you! Her eye has healed nicely so no repeat visit to the vet-thankfully!!
    SPC #049 Day 144 DONE.
    Emergency Savings #73 = 180.00/1,000
    House Savings = 12,700/15,000 + 250.00 Furniture
    Morrisons= 40.00/100.00 Xmas 2017=20/200
    Holiday Fund = 0.00/1000 School Fund =0.00/200
    • DreamerHelen
    • By DreamerHelen 16th Apr 17, 11:48 PM
    • 2,487 Posts
    • 13,397 Thanks
    DreamerHelen
    Evening Everyone...

    Well I think I spoke too soon....I woke up last night to do some Work and felt horribly sick....I then spent the next several hours throwing up and passing out (that bit really scared me)....I think I may have had some sort of Food Poisoning or maybe a Virus...

    So today I've spent the day doing a little bit of work from home....and eating plain Biscuits every few hours...and sleeping...And I'm finally feeling a bit better although my throat feels raw and my tummy feels tender...

    But it could have ended up with me in A+E so I'm grateful I got through it without that...

    On the plus side, I've earned more this past Week than I've earned in any week this Year so I'm really happy with that...

    I'm also going to be able to put in another Fiver this Week into my 6000 Emergency Fund and my 1000 Emergency Fund so I'm really happy with that...

    Here's to the Updates.... xXx

    Honeybee83 - I've Updated the First Page...You're doing AWESOME!! Keep on going and moving forwards....I'm glad to hear that the Pooch is doing better... xXx
    Pay ALL Your Debts Off By Xmas 2017 #13 6000 Emergency Fund #1 150/6000 General 1000 Emergency Fund #13 5/1000 MSE Sealed Pot Challenge #089 - Stars From SueUU x23
    • Dogbooks
    • By Dogbooks 17th Apr 17, 4:13 PM
    • 17 Posts
    • 31 Thanks
    Dogbooks
    Hi, I'm new to the forums but would love to join this challenge please? My OH and I are in the process of buying our first house but currently house sharing. We're using each day waiting to save up as many pennies as possible- I'm sure we'll need it for emergency house work haha!

    Three months of my wages would be 4200 but with my OH's income we are aiming to save 9300 together Also can I ask which type of account you save your EF in? I'm thinking a current account would be easy access but may not accumulate much interest.

    Thanks all and good luck to everyone!
    Goals for 2017:
    • Complete purchase of house
    • Save emergency fund- 950/ 9300
    • Dobbibill
    • By Dobbibill 17th Apr 17, 5:32 PM
    • 2,135 Posts
    • 3,252 Thanks
    Dobbibill
    Hi, I'm new to the forums but would love to join this challenge please? My OH and I are in the process of buying our first house but currently house sharing. We're using each day waiting to save up as many pennies as possible- I'm sure we'll need it for emergency house work haha!
    Originally posted by Dogbooks
    Hi Dogbooks, welcome to the forum and also to this thread.

    You are very welcome to join us and sounds like you are timing it perfectly if a first house purchase is on the horizon.....make sure you keep us updated on that too - we'll all be cheering you on for both the EF & FTB.

    Three months of my wages would be 4200 but with my OH's income we are aiming to save 9300 together Also can I ask which type of account you save your EF in? I'm thinking a current account would be easy access but may not accumulate much interest.

    Thanks all and good luck to everyone!
    I have some of mine in current accounts (club lloyds/TSB/Nationwide etc) and some in regular savers (N/W, club lloyds monthly saver/TSB monthly etc),depending on the interest rate.

    If you can get it in an interest bearing current account, you'll normally get the interest paid monthly so you get to add that to the EF too as you go along. It's kept away from my spending account so not to get mixed up, it's all about meeting the criteria but if you can do that.
    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.
    • Dogbooks
    • By Dogbooks 17th Apr 17, 8:13 PM
    • 17 Posts
    • 31 Thanks
    Dogbooks
    I have some of mine in current accounts (club lloyds/TSB/Nationwide etc) and some in regular savers (N/W, club lloyds monthly saver/TSB monthly etc),depending on the interest rate.

    If you can get it in an interest bearing current account, you'll normally get the interest paid monthly so you get to add that to the EF too as you go along. It's kept away from my spending account so not to get mixed up, it's all about meeting the criteria but if you can do that.
    Ahh thank you that's a really good idea, when we've officially bought the house I'll look for a new account that has a decent interest rate! Especially if its one that gives you cheeky money to sign up with them haha
    Goals for 2017:
    • Complete purchase of house
    • Save emergency fund- 950/ 9300
    • DreamerHelen
    • By DreamerHelen 18th Apr 17, 6:17 AM
    • 2,487 Posts
    • 13,397 Thanks
    DreamerHelen
    Morning Everyone

    Feeling MUCH better this morning....Hopefully it will now stay that way...

    I hope you all had a lovely relaxing Easter....Mine was eventful as I said above...but I'm off down to Cornwall to see my Brother and his Family this Weekend so I'm very much looking forward to that...

    I will be able to put in another Fiver in my Emergency Funds (6000 and 1000) tomorrow or Thursday so I'm looking forward to that...

    And we are now up to 80 Members!! This is GREAT!! And I'm so proud that we are a lovely Thread and really friendly....Long may it continue....

    Here's to the Updates... xXx

    Dogbooks - WELCOME WELCOME WELCOME, it's so lovely to have you here....I've put your Target as 9300, I hope that's okay...Do come back and let us know how you get on....I don't tend to use Savings Accounts as the Interest Rates are so bad...so I use a Terramundi for my Savings.... xXx

    Dobbibill - Thank you for the lovely welcome for our newest Member....I hope you are well hun xXx
    Pay ALL Your Debts Off By Xmas 2017 #13 6000 Emergency Fund #1 150/6000 General 1000 Emergency Fund #13 5/1000 MSE Sealed Pot Challenge #089 - Stars From SueUU x23
    • wegle
    • By wegle 18th Apr 17, 10:46 AM
    • 541 Posts
    • 1,560 Thanks
    wegle
    Glad to hear you're feeling better Dreamer. Sickness is just the worst.

    wegle - I've Updated the First Page....You're doing BRILLIANTLY!! Keep on going....How are you now after the Operation? We are always here for you hun xXx ]
    I'm absolutely fine after my op. I actually have recovered much quicker than I thought so that's good news. The other good news is I finally managed to sell a bit of baby stuff that's been in the shed for ages and made 40 this weekend. Gone straight to the emergency fund pot so I'm up to 462.22 (#74) Woo hoo!

    Hope everyone had a lovely Easter weekend. We had a bit of drama when my son fell off the bottom step of the stairs and twisted his ankle. We had to go to the minor injuries clinic out of hours for the Dr to check him over in case they thought he might of fractured it. Luckily the Dr was confident it was just a sprain and after lots of cuddles and some magic medicine he seems to be back to full running around and causing mayhem today.
    May NSD Challenge - 0/16
    3 Month Emergency Fund Challenge - 548.23/6000
    Bring Lunch to Work Everyday - 1/17
    • Dogbooks
    • By Dogbooks 18th Apr 17, 9:05 PM
    • 17 Posts
    • 31 Thanks
    Dogbooks
    Thanks DreamerHelen Glad you're feeling better and hope you have a lovely weekend with the family!

    Wegle- thank goodness no broken ankles involved, children magically recover so quickly haha! Well done with the 40!

    I'm on a countdown til payday (10 days!) before transferring any money into savings- I've got about 580 currently left but have a hen party/ a trip to Yorkshire to pay for first.. aiming for about 300.00 to save this month!
    Goals for 2017:
    • Complete purchase of house
    • Save emergency fund- 950/ 9300
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