The £1,000 emergency fund challenge.

Betharooni

Thanks Patman

Thistimearound

Rounded down my account and sent it across to EF making my total so far £252.43 / £1000

MrsD18

Thanks for adding me Patman!

My Save the Change is going well, and have been sending all my survey earnings into the EF, now up to £549.01. The big Prolific surveys seem to have slowed down now but hopefully will be able to break the £550.00 barrier by this evening.

welshywoo

Hi I'm looking for a new challenge and accountability for saving for 2020 so could I join the challenge?

Thistimearound

Hi, can I update EF to £295/ £1000

2goals2get2

I have got to £90 now, so will hit 10% soon. Painfully slow.

I am doing yougov surveys and have hit the halfway mark, I do wish they would pay out at 25!

MidsHollie

Hi there,
Can I join this challenge? I have a fair amount of debt, most at 0% but £1600 at I think about 20% apr. And no emergency fund, although I’m lucky in having quite a bit of disposable income each month so have never stressed too much about not having an emergency fund - my credit cards have been my EF (lack of budgeting has got me in to this mess).
Would people recommend building EF first, or paying off high interest CC first? I know what Dave Ramsey says, but I’m sure there are pros and cons to each!
Thanks

patman99

Welcome to our new members who are -
#302 welshywoo
#303 2goals2get
#304 MidsHollie


When I started this challenge off back in the day, I never dreamt I would get 100 fellow travellers on the same journey, let alone the 304 we now have.


Back then, I was starting a stint on a rolling contract and was monthly paid. Now, 5 years and several jobs later, I'm very close to being mortgage free (once my flat has sold and my spouse has got her inheritence, we can buy out my brother's 50% of our deceased parents house).

candiii

I'd like to join please

MidsHollie

I've just added £49.99 to an old savings account that had a penny in it and renamed it to my Emergency Fund. I have kept a bit in my current account as I have a long car journey later in the week and a day where I'm out of the house and on my feet for the whole day, so will need some money for both of those things.

I was debating whether I should wait to build an EF until after I've paid off all my debt, but I've decided that I need some level of emergency fund,even if I use it more for big things that I haven't yet budgeted for, just until I get in the swing of budgeting.