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The £1,000 emergency fund challenge. - Page 3

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The £1,000 emergency fund challenge.

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  • EyebrightEyebright Forumite
    1K posts
    Cashback Cashier
    ✭✭✭
    So, I've checked what I already have in my Emergency Fund account, and.... there's £100.82 in there already! Way more than I thought, though wouldn't cover for much in a disaster :rotfl:

    Inspired, and spurred on by this nice surprise, I've trolled my other bank accounts and rounded down the money in them to nice round numbers, and have added a whopping £1.75 to the emergency fund :rotfl::rotfl:
    Will add this challenge to my sig so I can keep track of it. But my Emergency Fund now stands at £102.57 :D
    POAYDBX 2020 #? 20/4000
    1 debt vs 100 days #14 20/1000
    Saving for Christmas 2020 50/500
    EF Saving 285/500
  • edited 12 October 2014 at 8:43PM
    chrisfreelander54chrisfreelander54 Forumite
    448 posts
    edited 12 October 2014 at 8:43PM
    I have already started our emergency fund which at present stands @ £400, but I'm hoping to get this to £1000 A.S.A.P, so I'm hoping this challenge will help motivate me.

    Chris
    YNAB is my new best friend. :)
  • EyebrightEyebright Forumite
    1K posts
    Cashback Cashier
    ✭✭✭
    Welcome Chris, well done on already having £400 saved up. You are almost half way there already! :j
    POAYDBX 2020 #? 20/4000
    1 debt vs 100 days #14 20/1000
    Saving for Christmas 2020 50/500
    EF Saving 285/500
  • I've got the accurate figures at last and the amount available is £34.90 so that's my starting point.

    Well done all!!
    £10 a day extra in May '18[B]£35/310[
    Virtual Sealed Pot 2018 £500/£2500 = 20%
    You can find my diary here:http://forums.moneysavingexpert.com/showthread.php?t=5189836:beer:
  • DreamerHelenDreamerHelen Forumite
    2.6K posts
    I've been Money Tipped!
    ✭✭✭✭
    Hi There, can I Join this please? It might take me rather a long time to save up £1000 but I really need to have some sort of an Emergency Fund....


    I've started with £3 tonight....So I feel pleased with that :)
    Committed To Paying Off My Debts AND Saving
    3-6 Month Emergency Fund #1 £0/£6000
    General £1000 Emergency Fund #13 £0/£1000
    Saving For Christmas 2018 £1 per day #13 £0/£500
    MSE Sealed Pot Challenge #089 - £276.70 Banked For 2017/2018 - Stars from SueUU x25 :staradmin
  • mobo1980mobo1980 Forumite
    368 posts
    Sixth Anniversary Combo Breaker
    ✭✭
    please can i join too :) At the minute I have a whopping £5.64:rotfl:

    Mobo xx
    CC1-£1729.53
    CC2-£4323.00
    LOAN-£14,519.05
    TOTAL DEBT £20,571.58 :eek:
    Then there's the mortgage :o
  • EyebrightEyebright Forumite
    1K posts
    Cashback Cashier
    ✭✭✭
    Hi There, can I Join this please? It might take me rather a long time to save up £1000 but I really need to have some sort of an Emergency Fund....


    I've started with £3 tonight....So I feel pleased with that :)
    mobo1980 wrote: »
    please can i join too :) At the minute I have a whopping £5.64:rotfl:

    Mobo xx

    Welcome DreamerHelen and Mobo1980! It will take me a while to save up £1000 too Helen, it's taken me most of this year to save £100 :rotfl:but every little helps!
    POAYDBX 2020 #? 20/4000
    1 debt vs 100 days #14 20/1000
    Saving for Christmas 2020 50/500
    EF Saving 285/500
  • mobo1980mobo1980 Forumite
    368 posts
    Sixth Anniversary Combo Breaker
    ✭✭
    Thankyou Eyebright :)

    It will take me a long while too!

    Mobo xx
    CC1-£1729.53
    CC2-£4323.00
    LOAN-£14,519.05
    TOTAL DEBT £20,571.58 :eek:
    Then there's the mortgage :o
  • Eyebright wrote: »
    Welcome Chris, well done on already having £400 saved up. You are almost half way there already! :j

    Thank you for the warm welcome eye bright, its gonna take a while to get there as all overtime at work has been cancelled untill further notice.
    YNAB is my new best friend. :)
  • I know it's really odd but I always feel really guilty saving money whilst having so much debt but I do know emergency funds are totally essential to getting debt free .. and stopping the cycle.
    Weightloss -36.5lb/64lb.
    Christmas savings £200/£800.
    Hol savings £300 /£500.
    Birthday savings £50 /£100.
    100 days #20 Credit union £40/£1150
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