The £1,000 emergency fund challenge.

Stayathomemum36

#272 £192.19 transferred from main Curent Account today so £603/£1000

I had withdrawn money to pay for passports and home insurance but have made that back up.

Debtfreewannabme

Hi please can I join in - 100 transferred to EF today. £1000 goal. Paid off 50% of Debts since Jan. Just under £3,500 left. All on 0% cards/ promotions with 25 -
30 months on them so plan is to start EF alongside paying Debts off x

xironsongx

Start my emergency fund to £50 please.
I'm putting most of my saving money into our wedding but slowly and gradually building this up.

Debtfreewannabme

After a wake up call tonight - I've decided to transfer another £100 into EF instead of put it towards CC tomo. So balance is now £200/£1000.

foxyloxy11

Have transferred a little more across so up to £855.00 was hoping for more but snow days halted that a little.

PositiveBalance

Hello everyone! :wave:

It has been a while but I am back!

After much shuffling and overtime and a refund of some money I have been owed I have restarted my emergency fund and it is at £546.06.

That's not bad in one month, although it's unlikely that I will ever have so much money to add to it again in one month (unless I win the lottery! )

I'm likely to have to cash it in a few month against a CC then rebild it again, but for now it's great.

Hope you are all keeping well!

[Deleted User]

I hope everyone is getting back to normal life after the snow and that it isn't incurring any unexpected expense for repairs now it's thawed.


I've my brother's funeral next week which will involve lengthy train travel and taxis at both ends, an overnight stay, flowers, an essential haircut and a new (probably charity shop if I can find a suitable one) coat. That's going to set my EF back a lot but needs must.

System

carbootcrazy wrote: »

I hope everyone is getting back to normal life after the snow and that it isn't incurring any unexpected expense for repairs now it's thawed.


I've my brother's funeral next week which will involve lengthy train travel and taxis at both ends, an overnight stay, flowers, an essential haircut and a new (probably charity shop if I can find a suitable one) coat. That's going to set my EF back a lot but needs must.

That is what EF's are for. I am trying to get mine up to a good level...but as you can see, it is a slow process. I am intending to always leave a minimum amount in there for if the worst happens...my parents are both mid 80's and live 150 miles away. We know they can't last forever and my mum has a condition already and is in a care home, she has already had 3 major operations and we never know what is round the corner. I want to know that at any given time, I can put fuel in the car and get a hotel if needed...(normally stay with sister, but you never know when and what might happen)
Take care and hope the day goes as well as these things can. x

foxyloxy11

A bit more added so almost there up to £920 now

xironsongx

Eh ignore me. I'm not saving for emergency funds anymore.