The £1,000 emergency fund challenge.

patman99

Well, did the in/out tx to/from my TSB account and have accrued 44p in interest.
Quite pleased with that.

Just got to remember to keep doing the same thing each month in order to keep the interst coming-in.

Am thinking of closing my Zopa account but this will take around 3 years to fully close-down due to repayments.

Calling14

Back again 20 pounds put in today now at 350.14/1000 Yes I got 14p in interest woo hoo, no as good as yours Patman:rotfl:

Effyb4

I put £80 in the savings account, so I am now up to £598. I thought I was going to need to use some of it on a very pricy dentist visit, but my Dad paid for it.

patman99

Had a bit of good news yesterday. My work contract is being extended by another three months.

So, if I work every available Saturday, i can get in 11 lots of 4 hours at time and a half. That extra 66 hours will more than pay for Download and a big chunk of my holiday next year. It also takes me to a year's employment.

Toomuchdebt

Well I'm starting from scratch once again and have a grand total of £10 in my EF. Sigh

patman99

At least you had an ef when you needed it.
I know it's frustrating. I had to tx £100 out of my EF to cover a big sepnd on stuff for my mum (she has given me the cost back in cash, so no need to withdraw any more funds this week).

It is also looking likely that I might have to tx some more money over until payday comes around.

Toomuchdebt

Managed to put some more towards the EF(it'll all be going on car repairs so I should really put it in my car repair category but I want some money in the EF dammit!!)

So now £21.37/£1000.:rotfl: At this rate it'll take me 5 years to save up the £1000.

Dobbibill

#45 checking in with the usual SO payment having gone over this morning so up to £950.00 aka 95%
Next months SO should see me hit target, assuming no emergencies crop up.

A big thank you to Patman for starting this thread, it has really helped to keep me focused. Congrats on your good news from work too Patman.

keep up the good work everyone, little steps still get you there in the end.

Dobbi

[Deleted User]

Just to say I'm back permanently now, it's good to see you all again:beer:

Congratulations to everyone who has increased their savings pot whilst I've been AWOL and commiserations and hugs to all who have had to spend theirs or are going through even tougher times than usual. Been there, done that (the spending their EF and going through tough times bit:o).

My EF was an essential cushion and I'm so grateful for Patman and this thread for giving me the incentive to build one up. One of the best financial decisions I ever made:T

Now to build it back up again. A few ideas in the pipeline, just need to get myself into gear.

I also had to ask Stepchange for a bit of a break for 3 months, just paying token payments of £5 a month per creditor. That £40 a month in total was a lot more helpful than the £732 a month I normally pay. It has set my debt-free date back by 3 months but I'm already 3 years in with the half-way point coming up later this year. I'm not happy about the situation, I just want to see the debt gone, but I'll just have to grin and bear it. Haven't adjusted my debt situation on my signature yet.

Onwards and upwards:beer:

Dobbibill

Welcome back CBC,

Sorry to hear you've been going through tough times but I do love your positivity of 'onwards and upwards'.You have made such progress to almost get to the half way mark.

It's good to have you back

Dobbi