The £1,000 emergency fund challenge.

adventureofmemories

#257 £2.00 in my emergency fund pot .
Waiting until I get paid to deposit £100.00 in my online EF account.

Starting again. £1,£2,£5 etc when spare will be put into my pot and £100 transfered each month when I can afford it .

jaxsmar

Hi can I join, I really need to build an emergency fund.

Dobbibill

Happy New Year everyone.

#45 update

My usual SO went across today meaning my new total is £1000 aka 100%. Yay :j

Really speaking, because it's come out of December's pay I could have updated it when it was ready and waiting to move to the right account meaning my target was hit in 2017 but as all my updates follow the SO moving on the 1st I thought I would stick to the rules I created and update once it was safely in the correct account. An excellent way to start 2018 anyway. _party_

I'm going to leave the SO going every month as I remember being here once before and exceeding the target. To then find the bathroom refurb went over budget and I needed to pull funds out for the difference. Finger's crossed I won't need to do that again ..... but just in case .....

lcc86

Transferred £150 to my EF today, am up to £822. Not long to go now hopefully!

foxyloxy11

patman99 wrote: »

Surely you can off-set the cost against business income?.
Don't forget to get the garage to replace the water pump and tensioners at the same time. Some will just change the belt itself rather than the whole kit of parts.

Reminds me I need to set aside £500 to have the same job done on mine. Will need the dual mass flywheel done later too.

Thanks for that Patman...yes they do change the pump and tensioners, but thanks for highlighting that for me it will go through the books but will have to come out of em fund to pay for it.

foxyloxy11

Forgot to add... a little more for me in the kitty so -
#225 up to £765.00 at the moment

adventureofmemories

£3.00 in my emergency pot in total

lcc86

lcc86 wrote: »

Transferred £150 to my EF today, am up to £822. Not long to go now hopefully!

I spoke to soon, had a trip to the vet for my rabbit today, £120 :eek:_pale_ I've contacted the rescue centre as it was to do with a pre-existing condition which they said they can help pay with. So until I hear from them I used my credit card,but will pay it ASAP with funds from my emergency fund.

patman99

Welcome to member #266, who is jaxsmar.

Looks like next payslip will be a bit of a muddle. They paid everyone based on them having worked 2x 40 hours in the two weeks prior to Christmas.
I was off sick for the 3 days prior to Xmas break, so these need to be deducted from my January payslip.

Moneyx3

Hi

Made first transfer to emergency fund today. £30. Opened separate savings account in different bank to mine so not easily accessible otherwise ....

#259 £30