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The £1,000 emergency fund challenge.

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Comments

  • Betharooni
    Betharooni Posts: 494 Forumite
    Sixth Anniversary 100 Posts Name Dropper
    #300 reporting in with EF of £700. Will reach my £1000 target in December and can then progress from there.
  • amber03
    amber03 Posts: 1,436 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    No112, ef is currently £178. due to a couple of unexpected bills. My aim is to get to £500 by the end of the year, fingers crossed.
    :j Debtfree and and staying that way.:j3-6 month emergency fund, No.61 £140.00
  • claremylove
    claremylove Posts: 756 Forumite
    Part of the Furniture 500 Posts Photogenic Name Dropper
    My DD for £25 has gone out adding £25 to my EF.  So #232 is now up to £957
    £2 coin savings club 2026 #1 £0 (2025 £696; 2024 £692; 2023 £754; 2022 £472; 2021 £256; 2020 £358; 2019 £512; 2018 £404; 2017 640) Saving for Xmas £1 a day # £0 / £365 3-6 month emergency fund challenge #48 £20.050 Save a penny a day 2026 #4 £ . / £667.95 £1000 emergency fund challenge #232 £1,007/ £1,000 (achieved Nov 2020)
  • MidsHollie
    MidsHollie Posts: 292 Forumite
    100 Posts Second Anniversary Name Dropper
    Not sure if I updated ty is thread previously, but I’m now at £600. I’m adding £100 per month whilst also paying off other debt. As I’m also saving sinking funds for annual and less regularly spends, it means I don’t really have to touch my EF, until I have a real emergency! 

    https://forums.moneysavingexpert.com/discussion/6086606/debt-free-by-23/p1

    True LBM, December 2019 = £32934. Current Debt = £12762. 1% Challenge = 61.1%. #51 3-6 Month EF Challenge = £1200/£6000



  • aimeemum
    aimeemum Posts: 687 Forumite
    Part of the Furniture 500 Posts Xmas Saver!
    #288 reporting in. I haven't been active on here for a while as we've been so busy. I have though been keeping up with my regular payments of £20 a week and I now have £845 in my+hubby's Help2Save accounts. Not many more payments and I will have £1k in there. 


    Changing my Family's Future!! - Starting again!!!!
    Current Progress -
    Debt - Start date 14/4/25 = £14,880.45
    Savings Goal = £1000 EF - £0/£1000 = 0%
  • Bluegreen143
    Bluegreen143 Posts: 3,722 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    Hi there, is it OK if I join?

    Currently have £367 in my emergency fund and trying to get it to £1,000.

    I have a separate pot for Christmas/birthdays/special occasions and one for annual bills (eg car insurance). Have only got £300 debt left (owed to MIL for years as she hasn’t been in a hurry for it, but we have paid back £950 since June and a £200 credit card bill then too ☺️ So aiming to pay off the £300 in full husband’s next payday if I can be very frugal and then will really work on building the emergency fund plus want to save for the future (eg we will need a new car in the next year or two). My bank account rounds up all debit card transactions and puts the extra in the emergency fund so that’s a start.
    Part time working mum of DS (2015) and DD (2018).

    NET WORTH Nov 25: £159,943
    Assets: £230,000
    Investments: £70,169
    Savings: £3,288
    Debt: -£143,514 (£700 CC / £16k car / £127k mortgage)
  • SuperSavingD
    SuperSavingD Posts: 586 Forumite
    Fifth Anniversary 500 Posts Name Dropper
    #319 
    My EF got a battering recently with paying for caravan insurance and £689 shortfall on Gas/Electric bill.  EF is currently at £358.71 but due a holiday refund any day so will replace when it arrives and make it back up to £1k.
  • SuperSavingD
    SuperSavingD Posts: 586 Forumite
    Fifth Anniversary 500 Posts Name Dropper
    #319
    Refund received so now back up to £1k 😀 and hoping it stays that way (fingers crossed).
  • Disney_Princess85
    Disney_Princess85 Posts: 120 Forumite
    Fifth Anniversary 100 Posts Photogenic Name Dropper
    Can I join in, i'm trying to set up an emergency fund. I'm currently at £206.97 i'll definitely be adding little and often to the account but hopefully it will start to add up.
    Emergency Fund: £500/£1000
    Christmas fund 2023: £94.60/£500
    House fund: £ 11188. 32
  • st182
    st182 Posts: 165 Forumite
    Sixth Anniversary 100 Posts Photogenic
    It's finally started. £50/£1000  B)
    Pay Off Debts by Xmas 2026; £0 / £6201.56
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