The £1,000 emergency fund challenge.

Eyebright

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

chrisfreelander54

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

Eyebright

Welcome Chris, well done on already having £400 saved up. You are almost half way there already! :j

hummingbird

I've got the accurate figures at last and the amount available is £34.90 so that's my starting point.

Well done all!!

DreamerHelen

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

please can i join too At the minute I have a whopping £5.64:rotfl:

Mobo xx

Eyebright

DreamerHelen wrote: »

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!

mobo1980

Thankyou Eyebright

It will take me a long while too!

Mobo xx

chrisfreelander54

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.

Aloofdragon

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.