The £1,000 emergency fund challenge.

patman99

Thanks DH. With any luck your thread will be mentioned in the weekly MSEmail so will gain some new members.

Swash

Hi all, £879.75 in the EF but may have to transfer some out on Thursday as my car is in the garage. I suppose that is what the EF is there for

The_Only_Girl

carbootcrazy wrote: »

Am finding it enough of a struggle to get any kind of EF together as whenever I manage to reach a decent amount some real-life emergency jumps up and bites me:(. So patman's challenge needs to focus on short-term savings for me.

After feeling triumphant about reaching and slightly exceeding my £1000 EF target last week, several emergencies have cropped up - our shower broke! That's after my ironing horse crashed and broke and took the iron along with it. Other bits of emergencies came up too, dragging my emergency fund down by £451. At the moment they are on the emergency cc but everything will be paid in full on the due date. Now I need to concentrate on getting the EF back to £1000 again. It is a bit of annoying when life sets you back but at least I am thankful that we now have the EF to cover such set backs. Until only recently EF is completely unheard of in my household and overdrafts and cc's were the main source of cover and pulled us financially down every time.

DreamerHelen

Hey Carbootcrazy.....You would be more than welcome to Join to save for a new Car Fund..... And don't worry about it being slow going....mine will be too!!


Thanks Patman.....hopefully there will be a few people who want to save....

LittleMissDetermined

My EF has been neglected since I have been trying to rid myself of the credit card with the highest interest but popped a little £5 to EF this morning.

Slowly but surely I will get there!

LMD x

Dobbibill

#45 dropping in for the regular update - £650 which is 65%, still plodding on, slow but sure.

DB

patman99

Well TOG that is exactley what the EF is all about. Having the funds in place to cope with most every day emergencies.

crv1963

I'm not sure if this is the place but I'm new at this, so apologies if it's the wrong place to ask! How do you add the totals at the bottom of your posts?

LittleMissDetermined

crv1963 wrote: »

I'm not sure if this is the place but I'm new at this, so apologies if it's the wrong place to ask! How do you add the totals at the bottom of your posts?

Go to Quick links at the green menu bar and then there's an option to update signature

LMD x

crv1963

Thanks LMD I'll try that.