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The £1,000 emergency fund challenge.

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Comments

  • patman99
    patman99 Posts: 8,532 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker Photogenic
    Welcome to our 2 newest members.
    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)

  • Never been much of a saver previously unfortunately, probably the reason I contacted a well know charity today regarding my first and last DMP, a weight has been lifted off my shoulders immediately. On a more positive note a Emergency fund would have probably saved me from the hurendous pay day loan companies which have been a massive factor in my situation, with this is mind is it too late to join this challenge?
  • [Deleted User]
    [Deleted User] Posts: 0 Newbie
    edited 20 January 2015 at 11:32AM
    Welcome, damondash:coffee:

    Good for you, setting the wheels in motion for a DMP:T. Best/most sensible thing I ever did, nearly 2 years in to mine so far.

    The only way is up now.
  • [Deleted User]
    [Deleted User] Posts: 0 Newbie
    edited 20 January 2015 at 11:46AM
    I don't think my EF will have anything else added this month, even though I've sold various things and was planning to add the profits.

    A friend died last week and what with the flowers and the petrol I'll need for the almost 300 mile round-trip to the funeral I won't have any surplus to add. Thankfully I won't need to dip into savings I've already got in my EF unless the weather turns really bad and I have to pay for somewhere to stay overnight.

    My car is still not fixed and I don't want to turn up at the funeral in such a wreck so OH(who isn't going) is lending me his car(somewhat unwillingly:() so the least I can do is replace any used fuel. I'm used to running on fumes in mine when needs must:o.

    Any news of Mrs P's job yet, patman?
  • Nearly wiped out my emergency fund already as not been earning due to weather conditions. Meant to improve tomorrow and heres hoping it does. Skint till end of Febuary now.
    :eek:Living frugally at 24 :beer:
    Increase net worth £30k in 2016 : http://forums.moneysavingexpert.com/showthread.php?p=69797771#post69797771
  • grassgirl
    grassgirl Posts: 407 Forumite
    Part of the Furniture 100 Posts Photogenic Name Dropper
    another £7 added today... going to put 10% over a day
    January 2025 - Debt £20,006
  • patman99
    patman99 Posts: 8,532 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker Photogenic
    MrsP didn't get the job. However, I have another interview tomorrow.
    Damondash, it is never to late to enter the 'challenge'. It's all about helping each other to reach the majic target.
    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)

  • Managed to transfer £22.10 back in so total is nearly back to what is was before I had to take funds for school trips.

    EF £32.10

    CP xx
    Slimming World Challenge 2017 0/30.5lb

    Grocery challenge 2017 JAN: £5.56/£350
  • I haven't been able to add much to the EF this month due to several unexpected expenditures, however, it is slowly creeping up.

    Now at £117.09. I'm happy with that :o

    I hope to be able to check in with this thread more often now, but may not be adding much to the fund.
    #24 - £1000 Challenge - £397.24 (39.72%) / £1000
  • Hi not been on here for a while and just wanted to update and stay on track. I have £270 in my emergency fund at the moment. I have just sold a car on ebay for £391 and hopefully half of that money can be added to the fund.
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