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The £1,000 emergency fund challenge.
patman99
Posts: 8,532 Forumite


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 Trixxxibella
#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 ................................................#24 Debt Free Desires
#25 abundant1972 ..........................................#26 Toomuchtodo
#27 I-need-to-be-debtfree ............................#28 WantToBeSe
#29 Bobarella ................................................#30 Muser1
#31 twiggy86 ................................................#32 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 ................................................#128 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 ...............................................#148 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 ...............................................#160 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 ...............................................#200 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 ...............................................#228 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 ................................................#252 Nicnak
#253. Florence J .......,............................#254 Arrietty
#255 IrisViolet ........................................#256 lcc86
#257 Adventureofmemories ..................#258 Missymae0
#259 Moneyx3 ...........................................#260 itslulu
#261 lheart ................................................#262 MeenaM
#263 Bublin1 ..............................................#264 flying mamma
#265 ani*fan ..............................................#266 jaxsmar
#267 haybel19 ..............................................#268 Pickle_99_uk
#269 HLB10 ..............................................#270 Littlebigmoose
#271 xironsongx .......................................#272 Stayathomemum36
#273 Debtfreeby2020 ...............................#274 Debtfreewannabme
#275 Starmummy .....................................#276 Mydmp
#277 MelBell2015 .....................................#278 Sweetcake
#279 NeverendingDMP ...........................#280 mavvysmum
#281 Flutterby29 ......................................#282Stayathomemum36
#283 Vykren .............................................#284 MrsMouse
#285 fh2901 .............................................#286 Danthewelder
#287 Loz2018 ...........................................#288 aimeemum
#289 LancashireLass1 ......................#290 Moneysavingfamilycomp
#291 lifeatthekings .............................#292 pinkdinosaur
#293 MindsetChange ...........................#294 PurpleUnicorn
#295 thistimearound .............................#296 Mondaynitelive
#297 Dreambig19 .................................#298 thistimearound
#299 lykkelig ........................................#300 Betharooni
#301 MrsD18 .......................................#302 Welshywoo
#303 2goals2get2 ..................................#304 MidsHollie
#305 candiii ...........................................#306 ditty1234
#307 MoneysavingmadGem .................#308 Naomin
#309 Sancti .............................................#310 LoveMyLife
#311 Ditty1234 ......................................#312 Jaelato1
#313 Wolfsong12 ......................................#314 kikimoney
#315 threepenny bit ...................................#316 jeffreyeuengow
#317 Scott Chegg
This list is correct as of 23/11/19.
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 Trixxxibella
#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 ................................................#24 Debt Free Desires
#25 abundant1972 ..........................................#26 Toomuchtodo
#27 I-need-to-be-debtfree ............................#28 WantToBeSe
#29 Bobarella ................................................#30 Muser1
#31 twiggy86 ................................................#32 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 ................................................#128 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 ...............................................#148 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 ...............................................#160 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 ...............................................#200 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 ...............................................#228 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 ................................................#252 Nicnak
#253. Florence J .......,............................#254 Arrietty
#255 IrisViolet ........................................#256 lcc86
#257 Adventureofmemories ..................#258 Missymae0
#259 Moneyx3 ...........................................#260 itslulu
#261 lheart ................................................#262 MeenaM
#263 Bublin1 ..............................................#264 flying mamma
#265 ani*fan ..............................................#266 jaxsmar
#267 haybel19 ..............................................#268 Pickle_99_uk
#269 HLB10 ..............................................#270 Littlebigmoose
#271 xironsongx .......................................#272 Stayathomemum36
#273 Debtfreeby2020 ...............................#274 Debtfreewannabme
#275 Starmummy .....................................#276 Mydmp
#277 MelBell2015 .....................................#278 Sweetcake
#279 NeverendingDMP ...........................#280 mavvysmum
#281 Flutterby29 ......................................#282Stayathomemum36
#283 Vykren .............................................#284 MrsMouse
#285 fh2901 .............................................#286 Danthewelder
#287 Loz2018 ...........................................#288 aimeemum
#289 LancashireLass1 ......................#290 Moneysavingfamilycomp
#291 lifeatthekings .............................#292 pinkdinosaur
#293 MindsetChange ...........................#294 PurpleUnicorn
#295 thistimearound .............................#296 Mondaynitelive
#297 Dreambig19 .................................#298 thistimearound
#299 lykkelig ........................................#300 Betharooni
#301 MrsD18 .......................................#302 Welshywoo
#303 2goals2get2 ..................................#304 MidsHollie
#305 candiii ...........................................#306 ditty1234
#307 MoneysavingmadGem .................#308 Naomin
#309 Sancti .............................................#310 LoveMyLife
#311 Ditty1234 ......................................#312 Jaelato1
#313 Wolfsong12 ......................................#314 kikimoney
#315 threepenny bit ...................................#316 jeffreyeuengow
#317 Scott Chegg
This list is correct as of 23/11/19.
[purplesignup][/purplesignup]
If you haven’t already, join the forum to reply. Never Knowingly Understood.
Member #1 of £1,000 challenge - £13.74/ £1000 (that's 1.374%)
3-6 month EF £0/£3600 (that's 0 days worth)
Member #1 of £1,000 challenge - £13.74/ £1000 (that's 1.374%)
3-6 month EF £0/£3600 (that's 0 days worth)
1
Comments
-
Hi Patman,
I'd like to try this, but it would be a bit different. I have a credit card with £1500 outstanding balance, which I could pay off using this challenge. It could then be an "emergency fund" if the need arose.
Thanks for thread!
hummingbird£10 a day extra in May '18[B]£35/310[
Virtual Sealed Pot 2018 £500/£2500 = 20%
You can find my diary here:http://forums.moneysavingexpert.com/showthread.php?t=5189836:beer:0 -
Well, it is whatever works best. I have a credit card with a £2,500 limit that I have £250 to pay-off, so in theory I have £2.250 emergency fund but as my aim is to clear and close all my cards and loans, I will only use this card to rebuild my credit score.Never Knowingly Understood.
Member #1 of £1,000 challenge - £13.74/ £1000 (that's 1.374%)
3-6 month EF £0/£3600 (that's 0 days worth)0 -
yes please could I join tooLBM April 2014: Every Single Penny Counts
Overdraft: £[STRIKE]1000[/STRIKE] £580
School Fees: £5500
Barclaycard: £6709.05
Halifax: £5280.560 -
For me at least by getting this card paid off I'll be saving on the interest each month - then if I did have to use the credit again later I wouldn't be in any worse position than I am now. First step is to get the exact balance on this card - think it might be just under the £1500, hopefully anyway!£10 a day extra in May '18[B]£35/310[
Virtual Sealed Pot 2018 £500/£2500 = 20%
You can find my diary here:http://forums.moneysavingexpert.com/showthread.php?t=5189836:beer:0 -
Hiya
Can I join please this has been a goal of mine for a while in addition to beating my debt.3rd LBM July 2014: Debt [STRIKE]£31,416.68[/STRIKE] Down To: [STRIKE] £23,403.43[/STRIKE] [STRIKE]15th July: £25,709.83[/STRIKE] 26th March: £31,229.68
CC £0 :j WFTC £1660, SLC £6600, Car £18,654, Emergency Fund £1,000 :T0 -
All are welcome. I have updated the list, so check out your #.Never Knowingly Understood.
Member #1 of £1,000 challenge - £13.74/ £1000 (that's 1.374%)
3-6 month EF £0/£3600 (that's 0 days worth)0 -
Checking credit card a/c online wasn't very helpful - my minimum payment had gone on but they hadn't added the interest and my repayment option plan payment on so the actual total was still a bit of a mystery. I have made an additional £20 payment though over the minimum, so I'll start with that as my figure and adjust when I have the up-to-date statement.£10 a day extra in May '18[B]£35/310[
Virtual Sealed Pot 2018 £500/£2500 = 20%
You can find my diary here:http://forums.moneysavingexpert.com/showthread.php?t=5189836:beer:0 -
Oh.. This is exactly what I need to do. Can I join patman? Not sure how long it will take, but when I achieve this it will be a very big deal to me. I've just realised that I haven't ever had any savings!! :shhh:Loan 1: €12,148
Loan 2: €2,700
Card 1: €470
Card 2: €970
All Approximate values - TBC
Total: €16,288.:mad: :mad:
0 -
Hi,
I would love to join in this please.
Lord only knows when I will have the £1000.00 but like you say no time limit at all!
Thanks Dxxx0 -
2 more added. The list is growing.Never Knowingly Understood.
Member #1 of £1,000 challenge - £13.74/ £1000 (that's 1.374%)
3-6 month EF £0/£3600 (that's 0 days worth)0
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