The £1,000 emergency fund challenge.

indigowarrior

Please can I sign up for this and checking in with £200/1000

dreamtruce

I started this challenge again, I was going to wait until we're moved in but I wanted to get a head start.

Put £35 in the savings.

mossy

Welcome indigo warrior, next time patman is here he'll give you a membership number.

I have had to wipe out my EF!! :eek: DH has been complaining about the tyres on our car for a while and so I just caved in and agreed to replace all four for standard tyres instead of run flats. None of them actually needed replacing because of tread wear, but we had managed to get about twice the amount of miles out of them as you are meant to, so they were going to need replacing sooner rather than later.

The total cost was £457, which considering when we had to buy one run flat last year and it was £250, I suppose the total for four tyres isn't too bad.

Anyway, I had £77 set aside in the tyres account so I've had to use the full £380 in my emergency fund to cover the rest of it. Will also have to find £100 to pay for the tracking to be done, as DH has also been complaining about that....but hopefully the car will be much more pleasant to drive once the run flats are off!:D

So my target of £500 by August, to give us a buffer for when I have to leave my job and do my last year at uni as a full time student hasn't gone to plan. :doh: Oh well, at least we had the money and it hasn't gone on to a credit card. :think:

System

Would like to join please. Been trying to save an emergency fund for over 2 years since we first started on our DMP journey. But I am seriously needing to save it now. Starting with only £7 but hopefully increasing it weekly.

patman99

Welcome to our 2 newest members.
Indigowarrior, you are #230, whilst ploppy57 is #231.

Not much to report of late as outgoings ave been matching incomings this month due to car insurance and stuff.

foxyloxy11

Phew!!!! had a lucky escape today. Over the bank holiday we had car problems that could have wound up costing us nearly £!000 (worst case scenario) BUT I am pleased to announce that it only came to £142 and with some juggling around I didn't have to touch my emergency fund, yay!
Made me realise though that this is one of those moments that make us all work harder for that emergency fund, as when you have it you can panic less.
Going to try to put in extra next month to get it nudged up a bit.

[Deleted User]

foxyloxy11 wrote: »

Phew!!!! had a lucky escape today. Over the bank holiday we had car problems that could have wound up costing us nearly £!000 (worst case scenario) BUT I am pleased to announce that it only came to £142 and with some juggling around I didn't have to touch my emergency fund, yay!

I'm glad that things worked out so well:T. Car troubles can be a real drain on our money can't they? I've certainly had more than my share:eek:

mossy

Foxylady, £142 that's definitely better than £1k. Glad it wasn't the worse case scenario in the end!

Pay day so putting some money into the EF. I have been paying in £30 each month but I've budgeted £50 for this month and I will try and up it to £50 for the next few months.

bilbodreams

Hello everyone! Member 150. Yesterday I opened the money box that I use for £1 /£2challenge (I couldn't help myself)
Had a few coins which I added to my emergency fund bringing the total to £607:T:T

Now I must start the £1 challenge again....:o

claremylove

Can I join please. I've been reading this challenge for a couple of years now but have never managed to get my behind into gear enough to make a start.

Today, I have started my EF with an opening balance of £100. Aiming for £1000 by the end of December.