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The £1,000 emergency fund challenge.
Comments
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Hi
I haven't been in for ages, but still trying to get my fund up to £1000, I had managed to get it up to about £400 but needed to use some recently to help my son buy some furniture for his flat, if I hadn't been saving towards my £1000 I wouldn't have been able to help him, so I'm glad it was there, now to start building it up again.
Catch you all soon
new challenge?£1 a day for Christmas 2024 £367 / £366 ~Got married 24/05/19 ~ Credit CardDFW Nerd #1155 ~LBM 25/2/09 ~ Debt at highest £8,037.35 ~ £00 -
No 112 £326.00 . Not been on for a long time due to RL. Back on board now as finishing one of my jobs , just going to concentrate on my other job and family life. So need to ensure the emergency fund is always high. At the moment it's lower than I would like so going to throw everything into it that's spare.x:j Debtfree and and staying that way.:j3-6 month emergency fund, No.61 £140.000
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Managed to transfer an extra £5 to the fund. I was going to get my daughter chips, cake and a drink after her gymnastics on Saturday but husband picked us up early. I transferred the money I would have spent £1000 Emergency fund challenge #225 - £1000.00.00/£1000- End of Baby Step 3 (A work in progress)0
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Since moving out and into my own home, I've started all my savings accounts again.
This month I've deposited £100.00 and hoping to deposit more once this month is up.
£100 / £1000 is how my total stands.Home Deposit: £100.61|BULSFund: £50.00|EmergencyFund: £89.76 | Retirement: 5.21| Xmas 17:£10.00 |July NSD:1 / 150 -
Good start. The only way is up from here.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 -
Added some more to my EF today which now stands at £1048.09
I'm hoping there's no glass ceiling on this thread?
LMD xLife gets in the way...PADding is addictive...Saving's better than spending...My savings diary - Now for a healthier, wealthier me2025 1p challenge #7 | Cash envelope challenge #01 | SPC #017EF £1000/£1000 | Sabbatical £4055/£60000 -
No, there's no glass ceiling here. If you wanted to (and had another Bank Account), you could join DreamerHelen's 3-6 month salary challenge and save into that as a secondary fund.
Anyway, I am now back to the position where my main acount is up to my minimum amount, s £11.06 went across to my EF today.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 oddments today so new total of £375.63...creeping in the right direction£1000 Emergency fund challenge #225 - £1000.00.00/£1000- End of Baby Step 3 (A work in progress)0
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No, there's no glass ceiling here. If you wanted to (and had another Bank Account), you could join DreamerHelen's 3-6 month salary challenge and save into that as a secondary fund.
Thank you, I have already joined Helen's troops and have a 3-6 month fund. It's a bit up and downy as that's the one I use as a 'go to' find for holiday spends etc but it's slowly growing
LMD xLife gets in the way...PADding is addictive...Saving's better than spending...My savings diary - Now for a healthier, wealthier me2025 1p challenge #7 | Cash envelope challenge #01 | SPC #017EF £1000/£1000 | Sabbatical £4055/£60000 -
Checked my EF today only to find the RAC have renewed my membership without contacting me first. I will be contacting them to complain.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
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