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The £1,000 emergency fund challenge. - Page 10

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The £1,000 emergency fund challenge.

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  • Can I join please would love to build a emergency fund up
    Sell £1000 in 2016 #19 500/1000 Jan gc £77.26/400
    Make £/100/2016 in 2016 crazy clothes challenge £28.89/200
    VSP challenge #15 £15.62 £1 a day Xmas £30/365
    3-6 month Emergency fund Challenge#38 £0/£6000
    :j:j
  • Jubilee76Jubilee76 Forumite
    197 posts
    Tenth Anniversary Combo Breaker
    Hi all

    Could I join please. I've read through the thread and you all seem so friendly. I've always wanted to have an emergency fund and have also read Dave Ramsey principles.

    My progress will be slow and steady for the foreseeable future but hopefully pick up some. I love that this challenge is at your own pace and for each individual's needs.

    Payday is still 9 days away(eek) so hopefully be able to start then. yet again Xmas seems to have taken me by surprise :rotfl:- I really must plan for this better next year! Is everyone else good at saving for Xmas?

    Jubilee x
    LBM no. 2 £20k :eek:
    1st debt to tackle - store card £216.70
  • monzmonz Forumite
    4.1K posts
    Ninth Anniversary 1,000 Posts Debt-free and Proud! Stoptober Survivor
    ✭✭✭✭
    Yeah Dreamer Helen I am in x
    Debt (1/9/14) £6,702.11 Debt free (30/11/2016) car PCP - £5,109.69/£11,848.25 mortgage - £75,270 o/s currently - paid £12,506.03 (£341.33 overpayment)
  • peony40peony40 Forumite
    522 posts
    Part of the Furniture 500 Posts Combo Breaker
    ✭✭
    Hello All,

    At long last I have been able to squirrel some money away, drum roll please!

    It is the princely sum of £5.00 ;)

    As I don't work and have absolutely no income my savings come from my housekeeping budget so I will never have huge amounts. But it is nice to have got the ball rolling.

    Good Luck all.
  • EyebrightEyebright Forumite
    1K posts
    Ninth Anniversary Combo Breaker Cashback Cashier
    ✭✭✭
    Can I join please would love to build a emergency fund up

    Hi georgiebrown, welcome to the group! Patman will allocate you a number and add you to the first post :j An emergency fund is so important in debt free journeys as it will ultimately keep us all out of future debt :D
    Jubilee76 wrote: »
    Hi all

    Could I join please. I've read through the thread and you all seem so friendly. I've always wanted to have an emergency fund and have also read Dave Ramsey principles.

    My progress will be slow and steady for the foreseeable future but hopefully pick up some. I love that this challenge is at your own pace and for each individual's needs.

    Payday is still 9 days away(eek) so hopefully be able to start then. yet again Xmas seems to have taken me by surprise :rotfl:- I really must plan for this better next year! Is everyone else good at saving for Xmas?

    Jubilee x

    Welcome aboard Jubilee, a lot of us are going the slow and steady route here. We aren't racing, and still making sure we can afford to live and tackle our debts. Rounding down bank accounts, money saved by being frugal, using deals and offers, ebay sales and cashback sites seem a popular way to find small amounts, which all add up!
    Last year I was rubbish and so unprepared for Christmas, a lot of my debt has come from Christmas, and last December was when I had my LBM:o This year I have saved £30 a month towards Christmas, started ebaying to raise more money for presents, and squirrelled change away in a sealed pot. So hopefully this year I wont add to my debt and be miserable and worried over Christmas. Last year was my rock bottom :(
    peony40 wrote: »
    Hello All,

    At long last I have been able to squirrel some money away, drum roll please!

    It is the princely sum of £5.00 ;)

    As I don't work and have absolutely no income my savings come from my housekeeping budget so I will never have huge amounts. But it is nice to have got the ball rolling.

    Good Luck all.

    Yay! Off the starting blocks Peony, well done! :D 0.5% right there. All we can do is put aside what we can. Alot of us have tight budgets, especially in the run up to Christmas. Do you visit the OS boards much? I find them inspirational for trimming the grocery and household budgets. Could help you find a few more pennies maybe?

    Cor blimey, you lot have been very chatty today, so much to catch up on!!!! :D:D:D
    DreamerHelen, I'm fine thank you. Pleased with my 12%, and hoping to add a couple more %'s on Friday when I get paid.

    October, I hope your job remains secure, but at least you are preparing as best you can. My long term goal is to have 3 months wages saved too Helen, but mine would be nearly £6000 too, and that's an overwhelming amount atm! :eek:
    POAYDBX 2020 #? 20/4000
    1 debt vs 100 days #14 20/1000
    Saving for Christmas 2020 50/500
    EF Saving 285/500
  • Important update! We have recently reviewed and updated our Forum Rules and FAQs. Please take the time to familiarise yourself with the latest version.
  • patman99patman99 Forumite
    8.5K posts
    Part of the Furniture 1,000 Posts Combo Breaker Photogenic
    ✭✭✭✭
    New members now have their numbers.
    Wasn't on the PC yesterday as I go out on a Tuesday evening.
    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)


  • NintudNintud Forumite
    182 posts
    #7 checking in with a £1.13 deposit to round my fund up to £10 :rotfl:

    As well as the ongoing soggy ceiling (no time to get a plumber in yet), we've now lost 2 fence panels and a centre post to yesterday's high winds :(

    Not an immediate emergency as the kidlets don't go out there now that the evenings are darker, but a pain in the proverbial nevertheless as the fallen panels now reveal the ransom strip behind us and the garden waste our neighbour has so kindly dumped in there. Will definitely need sorting soonish.

    Ebaying for all I'm worth to catch us before we fall any further.
    Also wondering whether £1000 emergency fund would actually be enough for this money pit of a house :rotfl:
    MBNA 0/2320. Sant 0/5115 Windows: 186/2050 GC 0/170
    0/21lb for :happylove. £ Per day 31/365. Emergency Fund #7: 650/1000
    - - - -
    What matters is how we live and love and how we spend our dash. (L Ellis)
  • DreamerHelenDreamerHelen Forumite
    2.6K posts
    Part of the Furniture Combo Breaker I've been Money Tipped!
    ✭✭✭✭
    Welcome to ALL of the new Members.....Just remember that this at YOUR own pace....it is NOT a race and you can put in as much or as little as you can afford....As Eyebright said, the point is to have something for an EMERGENCY but still be able to pay our Debts and survive and buy food and things....


    I've also been saving in a Sealed Pot Eyebright....I did the same last Year as I was fed up having to borrow money to pay for Christmas Presents....this year is a bit of a lean year but I will still have enough to pay for Christmas outright without borrowing ANY money at all :D


    £6000 IS a staggering amount Eyebright....but don't think of it as "I have to have that right now"....just keep plugging away and before you know it you'll be up to £500 and then £1000 and then £2000 and before you know it you'll be halfway there....It might take 10 years to get there (in my case this could be a distinct possibility!!) but who cares....It will just be good to have some money there in case anything happens....


    You're all doing BRILLIANTLY...keep it going!! :)
    Committed To Paying Off My Debts AND Saving
    3-6 Month Emergency Fund #1 £0/£6000
    General £1000 Emergency Fund #13 £0/£1000
    Saving For Christmas 2018 £1 per day #13 £0/£500
    MSE Sealed Pot Challenge #089 - £276.70 Banked For 2017/2018 - Stars from SueUU x25 :staradmin
  • chrisfreelander54chrisfreelander54 Forumite
    448 posts
    Part of the Furniture Combo Breaker
    ✭✭
    Another £32 added today from monies recieved from Topcashback, so a running total of £675.57 so far. :)

    Unfortunantly DW was involved in a car accident yesterday, so £200 will be taken from the EF to cover the insurance excess once the car has been repaired.

    On the flip side of the coin, at least we have this is sitting in an account for just such an emergency, otherwise we would have been borrowing from family members or putting it on the plastic.

    Well I have couple of days off work now so apart from the kids swimming lessons tomorrow and kickboxing to take them to on Friday I will be chilling around the house, or catching up on the DIY Ive been putting off for a while now.

    Good to see a few more members joining in the challenge, welcome aboard everyone.
    YNAB is my new best friend. :)
  • Have a natwest account which I am going to use just checked the balance and there is £49.88 not a bad start
    Sell £1000 in 2016 #19 500/1000 Jan gc £77.26/400
    Make £/100/2016 in 2016 crazy clothes challenge £28.89/200
    VSP challenge #15 £15.62 £1 a day Xmas £30/365
    3-6 month Emergency fund Challenge#38 £0/£6000
    :j:j
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