The £1,000 emergency fund challenge.

BettyBoof

My fund has stalled on only £25.70 - would have been more this month but the car failed its M.O.T! £450 later...

Still, that's 2.57% of my target which is better than zero! Right?

patman99

Had IIB drop into account, so transferred £30 over to ef. This is now (just) above the £100 mark.

[Deleted User]

BettyBoof wrote: »

My fund has stalled on only £25.70 - would have been more this month but the car failed its M.O.T! £450 later...

Still, that's 2.57% of my target which is better than zero! Right?

Sorry you've had an expensive month:(

Cars, eh? Money-guzzlers in every way possible:eek:. My MOT is due in early July and after all the troubles and expenses I've had with my car this past 6 months I'm very nervous. Seems to be running fine at the moment but I'm no expert:o

lazer-zxr

Im there, Im so excited, sorry for being self congratulatory, but I never thought I'd be posting this in June £1000 / £1000 ..... now I can really get stuck into this remaining £46k debt..... 10 yrs to go :eek:

[Deleted User]

Well done, lazer-zxr:T. That's a fantastic achievement in such a short time, don't apologise for being so pleased with yourself:)

I see from your signature that you've got a new car 'pot' developing nicely too. That's what I want more than anything. Good luck with that.

Wishing you every success now in polishing off your debts:beer:.

Muser1

Well done Lazer :T

patman99

Nice one lazer. I don't remember you asking to join, so hence you have no EF#. However, that is not important.

What is, is the fact that you have reached your target. Could you let us know how long it took?.

Trixxibell

Hi all,

#4 here, I have reached my £1,000 mark today! My exact figure is £1030!! Thanks you all on here, even though I don't post often I do read. Knowing your not the only one reaching for a goal really helps xxx

I'm off to do my next challenge which will help shift my debt xxx I will still pop in on here though xx

patman99

Well done on reaching the target. Good luck with hitting those debts.

Final bill for car was £206 so will pay that tomorrow. Have transferred a big whack across to my EF. It now stands at £288.64. Well pleased with that.

rising_from_the_ashes

Wow - a huge well done to both Lazer and Trixxibell :beer:

Patman well done on the big transfer - bill for the car wasn't too bad!


Well folks .... I'm going to have to dip into my EF for my car tax I do have a car budgeting pot but it's really not recovered from having to change car last year - and as if that wasn't a big enough expense, I also had to buy a 2nd set of wheels & tyres (which def weren't in the budget as the ones on the old car should've lasted another 2 years .... they just didn't fit the new one!) - anyway, it ended up with a huge negative balance (I had to borrow from other pots) and it's really only just recovering .....

I've scrapped together £30 from my coin pots but still £100 short and it seems a logical option to use the EF - rather than the OD!


So that's my EF pot down to £375 ......

On the plus side, I got my car booked in for its service when I'm on hols (garage is about 25 miles away - although they will collect / drop off from my work :T) so I'll just wait for it (about 1.5 hours) and then I can pop into town!