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The £1,000 emergency fund challenge.

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Comments

  • patman99
    patman99 Posts: 8,532 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker Photogenic
    No-one ever loses their number. The whole idea of an ef is that you have a pot of money for when you need it.

    Oh, and if my reputation precceeded me, they wouldn't let me leave the house.
    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)

  • January2015
    January2015 Posts: 2,369 Forumite
    Eighth Anniversary 1,000 Posts Combo Breaker
    I've managed to boost our EF by £200 this month (thanks to ebay sales). New total is £300....still a long way to go, but it's lovely to see it growing a bit at last :)
    DFW Nerd No. 1484 LBM 07/01/15 Debt was £95k :eek: Now debt free and happy :j
  • amber03
    amber03 Posts: 1,360 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker Photogenic
    Just poppin in to update the amount, currently standing at £268.09. Total is slowly going up, few shifts in overtime will be paid next week so this will be added and hopefully bump my total up abit. Amazing that upto a couple of years ago i would have already spent this money. How times have a changed. :)
    :j Debtfree and and staying that way.:j3-6 month emergency fund, No.61 £140.00
  • MrsSave
    MrsSave Posts: 1,817 Forumite
    Tenth Anniversary 1,000 Posts Name Dropper
    I don't think I'll manage to get my ef up to £600 before payday, but I have done a skim of my accounts and sent £3.42 over to it. My emergency fund now stands at £590.66.
    Starting a new debt free journey
    Starting Debt: £5,250
    Current Debt: £4,995.50
    Amount Paid: £254.50 Percentage Paid: 4.84%
    Emergency Fund: £350
  • You're either up very late, MrsSave, or an early bird like me;)

    You're doing well with your EF, over the halfway mark and nearly at 60%:beer:
  • Dobbibill
    Dobbibill Posts: 4,194 Ambassador
    Part of the Furniture 1,000 Posts Mortgage-free Glee! Name Dropper
    Just a quick update #45 - I've just reached the half way mark £500/50% :dance:
    A big thank you to all the members on here for the support, motivation and inspiration, sharing your challenges and progress, highs and lows helps others.
    Keep at it fellow EFers ;)
    I’m a Forum Ambassador and I support the Forum Team on the Budgeting & Bank Accounts, Credit Cards, Credit File & Ratings and Energy boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.

    If you can't be the best -
    Just be better than you were yesterday.
  • milky1991
    milky1991 Posts: 837 Forumite
    Part of the Furniture Combo Breaker
    Just scraped another tenner into the EF now standing at £20 or 2% :j
    As of 24th August 2016 total money owed was
    £15,708 :eek:
  • MrsSave
    MrsSave Posts: 1,817 Forumite
    Tenth Anniversary 1,000 Posts Name Dropper
    You're either up very late, MrsSave, or an early bird like me;)

    You're doing well with your EF, over the halfway mark and nearly at 60%:beer:

    I had definitely been to bed at that point! I don't sleep brilliantly, and last night was one of those nights where I was wide awake at silly o'clock!! :)
    Starting a new debt free journey
    Starting Debt: £5,250
    Current Debt: £4,995.50
    Amount Paid: £254.50 Percentage Paid: 4.84%
    Emergency Fund: £350
  • sugar23
    sugar23 Posts: 91 Forumite
    10 Posts
    edited 21 July 2015 at 3:21PM
    i think i need to join you all. im not sure i will be able to get too £1000 by the end of the year as well as clearing the credit card but i will try my best. if its not too late to join could i please.


    ETA : i just reread the first post and realised there is no time limit :) ... can i join you all please :D
    Debt free before Xmas 17 #69
    Cc 3500 / 200
    Cat 1040 / 40
    Car 2592 / 217
    Total 7132 / 457 + taxcredits 81.14p/ 30
  • Dobbibill
    Dobbibill Posts: 4,194 Ambassador
    Part of the Furniture 1,000 Posts Mortgage-free Glee! Name Dropper
    sugar23 wrote: »
    i think i need to join you all. im not sure i will be able to get too £1000 by the end of the year as well as clearing the credit card but i will try my best. if its not too late to join could i please.


    ETA : i just reread the first post and realised there is no time limit :) ... can i join you all please :D

    Hi Sugar23,

    The great thing about this challenge is there is no end date - it's ongoing to encourage an EF to be there when needed. If it's needed before you reach the target then that's ok because that's what it's there for.

    Patman will be along shortly to give you a number.

    Welcome to the challenge and all the best with your EF & CC payments.

    DB
    I’m a Forum Ambassador and I support the Forum Team on the Budgeting & Bank Accounts, Credit Cards, Credit File & Ratings and Energy boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.

    If you can't be the best -
    Just be better than you were yesterday.
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