The £1,000 emergency fund challenge.
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#290 after a big push to sell things last weekend we now have £286.77:coffee:i find a cup of tea can solve most problems:coffee:
:dance: but alcohol solves them all :dance:
basic emergency fund 387.87/500
£1000 emergency fund #290
mortgage 91,719= 21y 0mnth :eek:
6 mnths exp 0/66330 -
#288 checking in with my July report - earlier than normal but I have no more pay-days between now and 1st August so I'm a bit more on the ball this month
July stats:
Paid to debts - £393 (well over my target of £250!!)
EF currently at £42.27
It was a lot higher but I'm still happy as it's gone up a little from June, plus we had a bit of an 'emergency' when my fish tank filter decided to completely give up the ghost and it's cost just over £50 to replace it (including with spare parts for the new one). Got to look after my geriatric goldfish - one of them is 14 years old, the other two are 12!
I've also put £25 into savings for various things.....I have set up 'pots' for birthday, holidays, car and the kids uniforms/school expenses (which will be emptied of whatever I have managed to squirrel away in about 4 weeks lol). I have 9 more weeks until we're officially onto baby-step 3 and we're 90% debt free..........this morning I have paid off £200 of debts for only £110 so that's a definite victory too!Changing my Family's Future!! - Starting again!!!!
Current Progress -
Debt - Start date 31/8/22 = £7,252.78
Savings 31/8/22 - £0
plus £1000 EF - £0/£1000 = 0%0 -
May I join please?
Aiming for £1,000.0 -
It’s payday (thankfully) so my DD for my August contribution to the fund has gone out. So #232 Is now up to £277 :T£2 coin savings club 2024 #1 £0 (2023 £754; 2022 £472; 2021 £256; 2020 £358; 2019 £512; 2018 £404; 2017 640)Saving for Xmas 202 £1 a day #4 £365 / £365 3-6 month emergency fund challenge #48 £2,377 Save a penny a day 2024 #32 £ . / £667.95 £1000 emergency fund challenge #232 £1,007/ £1,000 (achieved Nov 2020)0
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Welcome lifeatthekings, you are our 291nth member.
EF is now up to a whopping £30,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 -
Hello everyone
No 109 sticking my head above the parapet. I joined a long time ago but we t missing due to life.
Can I try again please. I currently have a whopping £40/1000. I want to get to £1000 asap so I can see off the debt with something behind me.
Last month was dreadful. I had booked the roofer to repair the bay roof which had been leaking for a long time. In the same week the sink unit was on the brink of collapsing so had to be replaced. Then a few days later the fridge and washer packed up within a day of each other. This taught me a big lesson about emergency funds.
To be honest after being off work for 8 months after the cancer diagnosis should have prompted me then but sick pay, SSP and non-pay didn't allow me to save. In fact the debt increased dramatically. Boo hiss. I gunning to get this sorted so much.1 debt v's 100 days chapter 34: T3sco bank CC £250/£525.24 47.59%
[STRIKE]MBNA - [/STRIKE]GONE, [STRIKE]CAP ONE[/STRIKE] GONE, [STRIKE]YORKS BANK [/STRIKE]GONE, [STRIKE]VANQUIS[/STRIKE] GONE [STRIKE] TESCO - [/STRIKE], GONE
TSB CARD, TSB LOAN, LLOYDS. FIVE DOWN, THREE TO GO.0 -
Hello Patman99
I already have a number 177 and I would like to come back please. In all honesty I've never had £1,000 in a separate account just for emergencies. Dave. R. says it is the most important step. I have just rejigged my pots and transferred £250 into the account. I have set up a S?O for £50 a month but will add any unexpected windfalls too.
Thanks for keeping this thread going so I can sneak back inIf you have built castles in the air, your work should not be lost; that is where they should be. Now put the foundations under them.
Solicitor/survey savings 300/1700
Emergency fund 0/1000
Buffer fund 0/2000 -
Hi mser's
Dandytf -161 -was this honestly since 2014 unless I've miss read.
Anyway I'm currently 800 due to be 850 over next few days.
Help2save is becoming my 'Emergency Fund'
I'll decide during Spring 2020 if 1K can be saved over considerable time, though that depends if I miraculously avoid credit card 'permanent debt' rules!Replenished CRA Reports.2020 Nissan Leaf 128-149 miles top charge. Savings depleted. VM Stream tv M250 Volted to M350 then M500 since returned to 1gb0 -
#270 back again with a new start. EF now stands @ £68/£1000. Every little helps#7... 3 - 6 month Emergency Fund Challenge (part 2)
#25... 2024 Cash Envelope (or online) Saving Challenge0 -
Hello everyone!
I'm just popping in to say that I've had a bit of a diversion on the EF: my genuine EF is at £500 and although I have saved £500 this month I have put it into high interest regular savers to offset against my remaining debt instead of putting it into premium bonds in my 'official' EF.
I'm doing this as I might as well get the interest on the regular savers but anything I can save above and beyond the maximums for the regular savers I will put in the official EF.
I hope you are all well.Debt: £11,640.02 paid in full! DFD: 30/06/20
Starter Emergency Fund (#187): £1000/£1000
3 month Emergency Fund (#45): £3300/£33000
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