The £1,000 emergency fund challenge.

chrisfreelander54

Evening all,

Just checking in to say the my EF has taken a hit if £180 today for emergency roof repairs.


All i can say is im grateful that I had an EF in place, hopefully I can put a little back on Friday.

Chris

laurababs

Could I join this thread? Although I have debt to pay off, I think it's really important to also put money away in case of an emergency (something that I have never done!) This might take me a while as I will only be able to put a little away a month but every little helps, right?

[Deleted User]

Guys & Gals I have my first £10.00 in the emergency fund!!

£10.00/£1000.00

Only £990.00 to go!

Dxxx

Roundthebend_2

I would love to join this please?
I was just looking at building an emergency 'pot' after having to take out a small loan to cover a rather large vet bill today. (Animal insured but this isn't covered)
I need a buffer. Time to be a grown up!

kermit2601

Can I join in too please? Currently sitting with £100 saved on top of my house deposit fund, hopefully to be kept there. Looking to build it up asap but starting at £50 per month.

patman99

Welcome new members.

Not much likely to be added to the ef this month due to car tax and xmas.

Debt_Free_Desires

Deleted_User wrote: »

Guys & Gals I have my first £10.00 in the emergency fund!!

£10.00/£1000.00

Only £990.00 to go!

Dxxx

Woohoo it's great to get it going , well done :T:T

Roundthebend wrote: »

I would love to join this please?
I was just looking at building an emergency 'pot' after having to take out a small loan to cover a rather large vet bill today. (Animal insured but this isn't covered)
I need a buffer. Time to be a grown up!

kermit2601 wrote: »

Can I join in too please? Currently sitting with £100 saved on top of my house deposit fund, hopefully to be kept there. Looking to build it up asap but starting at £50 per month.

Welcome to our newbies

Another £5.08 added today now at £39.90 (3.9%) . I'm really surprised how much it is creeping up with the Tilly Tidies. I must remember though that my Tilly tidy figures reduce my overall grocery budget , so we will have to see how this system pans out over the month

twiggy86

95p interest added to the account where my emergency fund is held so it can stay in there!

mobo1980

Good morning

my EF now has £21.53in it

Mobo xx

kermit2601

Thanks for the welcome. I'm using my ISA as my emergency fund and looking to put away at least £50 per month however I've just changed from monthly pay to fortnightly pay so having to watch how the cash flow is.

I am also planning to take out enough money to last me a week and anything left over (post pub visit on a Friday!!) will be added to the fund.

At this current rate, I should have my £1k EF by May 2016 but I want to get it looooooooong before that. I'm going to se myself a target of £1k by the end of 2015.