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The £1,000 emergency fund challenge.
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Hi
Is there any chance I can join this group? I have become addicted to Dave Ramsey's podcast and am conscious that I might be making in roads into the debt but haven't got the emergency fund together and I really need to.
Everyone seems to be making baby steps to getting the £1000 together and I love how people also wrtie in the percentage that they put together.
Where is everyone putting their emergency fund though? Is it in a different account or is it in a money box at home?
TTFN xxxE.F. #38 240.55/1000 SPC8 #375
DFBXmas 2015 #162 18554 /18554 100%0 -
Magsnoodle wrote: »Where is everyone putting their emergency fund though? Is it in a different account or is it in a money box at home?
TTFN xxx
Hi, welcome. I keep my emergency fund in an isa
Starting a new debt free journeyStarting Debt: £5,250Current Debt: £4,995.50Amount Paid: £254.50 Percentage Paid: 4.84%Emergency Fund: £3500 -
We'll as a result of turning down 2 nights out,last night and tonight, a night out tends to be at least £40 a night so iv shifted £80 to emergency fund. That's it upto £130 now, hopefully it will grow quick and it will not be touched.:eek:Living frugally at 24 :beer:
Increase net worth £30k in 2016 : http://forums.moneysavingexpert.com/showthread.php?p=69797771#post697977710 -
Magsnoodle, I've assigned you a number. Welcome.
Having had to move £20 back across, my ef is now at £73. That's sitting in an account with much higher interest rate than my ISA.
Also, it means that if I need to access the cash quickly, I can and without penalties.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)0 -
Transferred the remainder of my weekly allowance to my EF. Sitting at £117.47 after another £6.20 went in.0
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I added an extra £3 yesterday, bringing the new total to £40.00. Slowly but surely...Debt Free - October 20220
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Ok so this is getting addictive :rotfl::rotfl:
My grocery budget is very tight & I really want to get my debts down ASAP, but I'm finding it so rewarding to see my little emergency fund creeping up
Just added another £1.51 bringing the EF up to £44.65#24 - £1000 Challenge - £397.24 (39.72%) / £10000 -
Finally got my adjusted council tax bill. I now owe £799, so need to find £268 p/m (up from £117).
Now need to look into applying for WTC.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)0 -
Hi all
Added a few bits so EF stands at £50. Hoping to add more this side of Christmas but it is £50 more than I had. And it does get addictive doesn't it.
Bye for now xLBM no. 2 £20k :eek:
1st debt to tackle - store card £216.700 -
I managed to get a refund from a well known online jungle due to the price of Football Manager 2015 dropping since I'd pre-ordered it. Another £1.40 in the bank! Whoop Whoop :j0
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