The £1,000 emergency fund challenge. 3 October 2014 at 10:35PM edited 13 January at 8:27PM in Debt-free Wannabe Challenges 3.3K replies 342.7K views

ceremony

#324 checking in. I'm up to £44. Slow progress, getting paid late this week which is frustrating, but getting there

@PositiveBalance - congratulations!

A_Random_Man

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 

patman99

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.

ceremony

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 for 

I 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.

ditty1234

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. 

A_Random_Man

Quick update EF now at £256.24

SuperSavingD

#319
Having my start my EF again as got wiped out with building works, now at £26

ceremony

#324 checking in, up to £68 now. Creeping up.

ditty1234

EF is now £13

Betharooni

#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.