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The £1,000 emergency fund challenge.

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Comments

  • ceremony
    ceremony Posts: 241 Forumite
    Third Anniversary 100 Posts Name Dropper
    #324 checking in, up to £88 now. I'm looking forward to breaking the £100 mark soon.
    Start Debt Jun 2020 = £10,036 - Current £5,894 | #324 £1,000 Emergency Fund Member - £205
  • Thanks @ceremony! :)
    I need to get my EF back up to £1k but this month isn't going to be a good start as I'm away. Unless I manage to get some Ebaying done when I get back. *Ponders hard*
    Debt: £11,640.02 paid in full! DFD: 30/06/20
    Starter Emergency Fund (#187): £1000/£1000
    3 month Emergency Fund (#45): £3300/£3300
  • This is a really good idea. I usually have a little pot of £500 but it has dwindled to £100 for various reasons. I'm aiming for £1000 by Feb 2021, just need to get the last bit of my credit card paid.
  • candiii
    candiii Posts: 143 Forumite
    Fifth Anniversary 100 Posts Name Dropper
    #305 checking in

    Up to £279.68
    Common sense is not common

    Small progress is still progress

    Weight Loss Challenge 2025 - 30.8lbs/73lbs
  • ditty1234
    ditty1234 Posts: 2,118 Forumite
    Sixth Anniversary 1,000 Posts Name Dropper
    Hi my new pot is up to £71 am hoping to get to £500 before Christmas and still pay for various things. Like ds training camp, a cam belt and an 18th b'day. I also have a bit in my budget fund for a bus pass later this month. 
    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 25
  • ceremony
    ceremony Posts: 241 Forumite
    Third Anniversary 100 Posts Name Dropper
    Number 324 checking in. I finally broke £100! Fund currently sits at £101
    I might end up raiding it to pay off some money owed to the council from before lockdown, unfortunately, but I'm going to do my best to clear that out of other money in the next week or so and only dip into this fund if it's really necessary.
    Start Debt Jun 2020 = £10,036 - Current £5,894 | #324 £1,000 Emergency Fund Member - £205
  • #279.
    I finally made it to 1000 emergency fund. It wasn't easy so unless it's an absolute utter emergency I really hope never to have to use it. Next goal is to get a bit of savings in a general pot for those Bill's and unexpected things that crop up. Must protect the emergency  fund. Hee hee
    Jan 18 Joint debts 35,213

    Mortgage Jan 18- 77224 May 25- just under 65k

    June 25 Debts in my name only £5170. DH can't keep track...
  • Madusa
    Madusa Posts: 28 Forumite
    Eighth Anniversary 10 Posts
    Please may I join?
    I badly need to create some financial security for myself.
    I've just been laid off my zero hours contract and I don't know when I'll have more work so the fund will grow very slowly but I need to start somewhere!
  • #300 reporting with EF of £500.

    B x
  • jaxsmar
    jaxsmar Posts: 518 Forumite
    Part of the Furniture 500 Posts Photogenic Name Dropper
    I'm up to £200 however I also £357 in the 1p challenge.  I'm just reviewing my budget now.  
    Penny wise pound foolish. 366 days 1p challenge 2020/21/22/23 completed.
    No.13 1p a day challenge 2024
    No. 24 52 week savings challenge completed August 24
    No.16 1p a day savings challenge.
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