We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The £1,000 emergency fund challenge.
Options
Comments
-
#324 checking in. I'm up to £44. Slow progress, getting paid late this week which is frustrating, but getting there
@PositiveBalance - congratulations!Start Debt Jun 2020 = £10,036 - Current £5,894 | #324 £1,000 Emergency Fund Member - £2051 -
Due to a family emergency I have had to dip into the fund by quite a bit so now am at £223.57, I am disappointed that I had to dip into the fund but that's what it is there for
Mortgage Amount Outstanding £116,682.20
2025 Mortgage-Free Wannabes #49 £1401.29/£1,250 (104.74%/100.00%)
0 -
That is what the EF is for. You had a family emergency, so instead of having to borow money or make yourself short, you were able to use the money you had put aside for just such an emergancy.
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 -
A_Random_Man said:Due to a family emergency I have had to dip into the fund by quite a bit so now am at £223.57, I am disappointed that I had to dip into the fund but that's what it is there forI hope the emergency is sorted! It's good you had the funds to draw on. Hopefully it won't take long to build them back up!#324 checking in, up to £50 now. Slowly getting there.
Start Debt Jun 2020 = £10,036 - Current £5,894 | #324 £1,000 Emergency Fund Member - £2051 -
Hi I do have my EF - but as it's all dedicated to a specific purpose I had to save up for - and I can only really save for one thing at a time. So I'm back at £10 which is me getting started on a new fund before the other one is gone, so I am feeling quite smug being that organised. I also now have my housing deposit as an extra EF and it has over £200 in it, but I don't want to count it as it's for the long term.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 251 -
Quick update EF now at £256.24
Mortgage Amount Outstanding £116,682.20
2025 Mortgage-Free Wannabes #49 £1401.29/£1,250 (104.74%/100.00%)
1 -
#319
Having my start my EF again as got wiped out with building works, now at £261 -
#324 checking in, up to £68 now. Creeping up.
Start Debt Jun 2020 = £10,036 - Current £5,894 | #324 £1,000 Emergency Fund Member - £2051 -
EF is now £13Isa 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 251 -
#300 reporting with EF of £450. Will be halfway there next month and have budgeted that I should exceed £1000 before the end of the year.
0
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351K Banking & Borrowing
- 253.1K Reduce Debt & Boost Income
- 453.6K Spending & Discounts
- 244K Work, Benefits & Business
- 598.9K Mortgages, Homes & Bills
- 176.9K Life & Family
- 257.3K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards