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The £1,000 emergency fund challenge.
Comments
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I feel like a fraud now as it is only because my husband has received a Christmas bonus that we have been able to use, but my emergency fund is now at £1000!
Still counting it as a success though as previous to this we would have just frittered it away, so thank you for this challenge
Now to move to Dave Ramsey’s 2nd babystep and start making a dent in the £7000 of credit card debt we have!0 -
#300 reporting in with £50 standing order added to emergency fund so balance now £141.14. Signature updated.0
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Hi can I join?
I had an ef fund but due to car dying Iv used it for that and to keep me going through summer as I'm only term time work0 -
Hi, EF now stands at £314.16/ £1000
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I'd like to join please. I have no emergency fund but I'm paying off debts too so it might be a slow process.Credit Cards NOV 2019 £33,220.42 Sept 2023 £19,951.00 Tilly Tidy 20223/COLOR] Sept £43.71 Here's my diary: A Ditherer's Diary Again0
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Welcome to our two new members
#307 MoneysavingmadGem
#308 Naomin
MrsD18, don't think you are a fraud for using your husband's bonus to fill your EF. I have done something similar in the past.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 -
Ahh I was looking for a thread like this! I have planned my finances to include saving for a "buffer" as I currently have absolutely nothing as an emergency fund. I've set mine up in £5 increments but my goal is £1000. I'm on a low income so it will probably take me a while, and I have several things to save for plus debts to repay but I find it very stressful having absolutely no savings. I had actually almost totally repaid my debts then had to rely on a credit card for 2 household emergencies, and I can imagine that cycle repeats unless you break it!
Please sign me up for a number DEBT: £0/£2235 (0%)
Savings: 1p Challenge: £46.57 / VSP: £91.48 / Christmas 2020: £44 / Buffer: £0
Baby Due: 20th Jan 20200 -
Can I join this challenge please. I will start my £1,000 Emergency Fund saving in January 2020.0
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Hi EF stands at £55.53 I am hoping it will be surviving January. I put in £50 every month and I have started rounding down my current account into the EF. Thats the £5.53 so every little counts.Isa help to buy: 1000/3000 33%
Emergency fund: 100/1000 10%
Weight loose 8.6 kg - while having fun. 0/8.6 0%
Focus debt to clear HSBC £10/1111, 0% updated May 250 -
Welcome to our 3 newest members -
#309 Sancti
#310 LoveMyLife
#311 Ditty1234Never 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
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