The £1,000 emergency fund challenge.

MrsSave

Right, I've been moving all my money around and have bought £900 of Premium Bonds (I already had £100, so now have £1000).

I'm taking this away from my emergency fund (even though I can access it pretty quickly if it's needed) so as it stands, my emergency fund now has £621.84 in it. Now to get it back up to £1000!!

milky1991

Got my EF to £200 today, feeling pleased with that :j

patman99

Not been online for day or two, so nice to see peole are still working towards their targets.

Like the idea of Premium Bonds. Not only can you cash them in and get your money back, but you might also pick u a win or two along the way.

StressedSteph

Hi all

#35 here to hang her head in disgrace :(:(

I have ZERO saved...... I do manage to keep getting around £250 saved and then life gets in the way and I have to spend it.

The most recent (excuse) is Dh had to have two weeks off from work for an operation and as he is self-employed we had no money coming in at all. so any money saved had to pay for bills & food.

I'm back now to VOW to get this £1000 saved asap.

I have no spare money in our regular wage due to even just paying minimum payments on debt and household bills.

BUT I plan to get sells on fleabay and FB and any sales profits will go straight to the Emergency fund pot.

xxxx

[Deleted User]

StressedSteph wrote: »

Hi all

#35 here to hang her head in disgrace :(:(

I have ZERO saved...... I do manage to keep getting around £250 saved and then life gets in the way and I have to spend it.

The most recent (excuse) is Dh had to have two weeks off from work for an operation and as he is self-employed we had no money coming in at all. so any money saved had to pay for bills & food.

I'm back now to VOW to get this £1000 saved asap.

I have no spare money in our regular wage due to even just paying minimum payments on debt and household bills.

BUT I plan to get sells on fleabay and FB and any sales profits will go straight to the Emergency fund pot.

xxxx

I really feel for you, Steph. I know just how hard it is when debts and basic living costs take every bit of money you have coming in.

Just keep at it, you'll get there in the end:beer:.

I hope DH is on the mend now too:)

sophieo16

#60 update- Another £200 added to my emergency fund this month.

Total now stands at £864.27

I have to renew my breakdown cover next month and i also might be going to Edinburgh for a long weekend.. so i doubt much more will be added for the time being. So close!

Digging_2

Quick update from #125


Just a few tiny amounts added but total is £21.36


....slowly but surely...

patman99

Every little helps as they say.
Steph, by having that £250 in your EF, you were able to cope when you needed to. That is what the EF is all about and you certainly had an emergency so the spending counts as a positive.

[Deleted User]

Nice to see your EF is still full to the brim, patman and that you haven't had an emergency to deplete it:beer:

Have you started another thread for building up a 3-month cushion or are you intending to keep us posted about your success via this current thread? We're all cheering you on:j

Hope78

Been a wee while since I've managed to out anything in my EF but £100 today - yay!