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The £1,000 emergency fund challenge.

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Comments

  • Keedie
    Keedie Posts: 2,841 Forumite
    Ninth Anniversary 1,000 Posts Photogenic Combo Breaker
    Hi All 👋🏾,

    I need motivation to keep mine going. Got starting balance of £482.46/£1,000 = 48.25%. Using Monzo’s saving pots and round ups to inch me closer to target. 

    Good luck all 🤗 & may 2021 bring peace, health and stability to us all. xx
    Debt Free Diary:- The Mental Debt Struggle
    (Original Debt on 15/07/2016 was £33,056.76) 🙈 but Debt Free on 09/02/2025 🎉
    2025 SAVINGS: Emergency Fund (£604.30/£5,000) 12.09% saved
    2025 CHALLENGES: #16 Sealed Pot Challenge ~ 18 || #9 50 Envelope Challenge 22/50
  • Vykren
    Vykren Posts: 7 Forumite
    First Post First Anniversary
    Hi all, hoping for a happy new year for you!
    Starting 2021 off with £250/1000 in the EF. Hoping to top it off to £1000 end of this month and then not pick at it!
    Stay safe folks!
    £250 / £1K Emergency Fund
  • Hi all, Happy new year
    Can i join please, starting with a measley £10 but got to start somewhere. I am focussing on paying off CC debt but would like to build up EF so dont need the CC to fall back on 
    Xmas 2022 = £500/500
    Emergency fund = £50/1000 
    Penny a day challenge = 237/667.95 

    Starting Debt total Jan 2021: £14,877 
    Starting Debt total Jan 2022: £10,662 
  • MidsHollie
    MidsHollie Posts: 292 Forumite
    100 Posts Second Anniversary Name Dropper
    #304: just transferred £100 across to my EF account. First budget-y money task of the year! 

    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



  • Starbrite
    Starbrite Posts: 960 Forumite
    Part of the Furniture 500 Posts Name Dropper Photogenic
    Just added £2.43 to the account
    5.97/1,000
    Aspiring to be financially independent.... from my parents!
  • Another £50.00 taking me to £200/1000.00 
    Pennies starts again...........2022 - £13,579.22  



  • Starbrite
    Starbrite Posts: 960 Forumite
    Part of the Furniture 500 Posts Name Dropper Photogenic
    added another £6.00 was 'left over' from this week, would normally go onto a debt but relalised I need a emergency fund as well as pay the debts off!

    £11.97/1,000
    Aspiring to be financially independent.... from my parents!
  • amber03
    amber03 Posts: 1,354 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker Photogenic
    Managed to put £5 to EF, making it £73.00. Putting a little bit in each week and then the end of the month putting a slightly larger amount in. Last year I put a large amount in straight away and then usually struggled the rest of the month and then had to use the EF, so now doing it little by little.
    :j Debtfree and and staying that way.:j3-6 month emergency fund, No.61 £140.00
  • Starbrite
    Starbrite Posts: 960 Forumite
    Part of the Furniture 500 Posts Name Dropper Photogenic
    Just added £200.00 to the account, I know a rather large figure but I received unexpected working tax credits so I put half of it into the account. I can always withdraw the money if needed, but hopefully won't be needed as worked a full week this week :)
    £211.97/1,000

    Aspiring to be financially independent.... from my parents!
  • ceremony
    ceremony Posts: 241 Forumite
    Third Anniversary 100 Posts Name Dropper
    Just checking in to say after a dentistry emergency my fund is £205 :( I guess that's what emergency funds are for though!
    Start Debt Jun 2020 = £10,036 - Current £5,894 | #324 £1,000 Emergency Fund Member - £205
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