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The £1,000 emergency fund challenge.

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  • chrisfreelander54
    chrisfreelander54 Posts: 448 Forumite
    Part of the Furniture Combo Breaker
    Well i have been paid this morning, and as all the bills have either been budgeted for or paid already, then this means I have another £200 to add to the EF. :j

    EF now @ £600. :D
    YNAB is my new best friend. :)
  • MrsSave
    MrsSave Posts: 1,817 Forumite
    Tenth Anniversary 1,000 Posts Name Dropper
    Hi, can I join please? I currently have £151 in my emergency fund account. Aiming to put in £50 a month, and if there is any money left over from wages (varies each month), will add a little extra!
    Starting a new debt free journey
    Starting Debt: £5,250
    Current Debt: £4,995.50
    Amount Paid: £254.50 Percentage Paid: 4.84%
    Emergency Fund: £350
  • Calling14
    Calling14 Posts: 3,498 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    Eyebright wrote: »
    Yay! Off to a great start Calling! Bet you will soon overtake me :D

    Not a chance focused on clearing some of my debt by xmas :j
    plus need to buy xmas pressies :eek:

    Keep plodding away guys :T
    LBM 13039 1.1.13 Now £0 Finally Debt FreeMortgage free Oct 2019:)EFund/savings £25000 10/11/22
  • rosieben
    rosieben Posts: 5,010 Forumite
    1,000 Posts Combo Breaker
    Please can I join this challenge?

    I've always hung out on the OS board but followed a link here and discovered some great threads and inspirational diaries


    .
    ... don't throw the string away. You always need string! :D

    C.R.A.P.R.O.L.L.Z Head Sharpener
  • peony40
    peony40 Posts: 692 Forumite
    Part of the Furniture 500 Posts Photogenic Combo Breaker
    Hello,

    I'd like to join you all, if possible?

    At the moment we no longer have an emergency fund, and this makes me feel very uneasy.

    It will take a while for me to get up to a £1000 especially since I had to give up work over three years ago due to health issues. But anything in the pot will be good!

    January 2025 Grocery Challenge: £220.00/£59.47
    January 2025 NSD: 0/30 (unplanned spending)
    2025 Frugal Living Challenge

  • Aloofdragon
    Aloofdragon Posts: 339 Forumite
    Popping another £12 into mine today so now have an amazeballs £22 just incase money x Have a lovely Friday all x
    Weightloss -36.5lb/64lb.
    Christmas savings £200/£800.
    Hol savings £300 /£500.
    Birthday savings £50 /£100.
    100 days #20 Credit union £40/£1150
  • Nintud
    Nintud Posts: 554 Forumite
    Tenth Anniversary 500 Posts Name Dropper Photogenic
    I've taken out the cash for new ceiling and skip hire (ouch!) so can 'proudly' announce that my emergency fund now stands at £8.87 :rotfl:

    Best start building it back up again before the next emergency hits.
    MBNA 237.47/13997.47
    Santander 300/10550
    Nationwide 60/460
    Very 943/943 paid off 01/02/25
    Santander OD 0/2900
    Nationwide OD 100/200
    Mortgage 18430/125194
    EF 300/1000
    Declutterred via Vinted 53/2025
    NSD Feb 2/7
    SPC2025 #11
    52 wk envelope challenge #6 28/virtual
    Debt repaid 2025 2437.60/38650.60
    MFW 2025 1036/107800
    Make £2025 in 2025 458/2025
    Friday Fiver 35/260 virtual pot.

    - - - -
    What matters is how we live and love and how we spend our dash. (L Ellis)
  • DreamerHelen
    DreamerHelen Posts: 2,629 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker I've been Money Tipped!
    Apologies for not replying before now Eyebright....thank you for your encouragement....I'm really pleased to have a little money saved up.....feels really good!! :)


    How is everyone getting on with their Emergency Fund?


    I'm up to £17 and some change.....so I'm really pleased with that...Hopefully can put a little extra in next Week... :D
  • Nintud
    Nintud Posts: 554 Forumite
    Tenth Anniversary 500 Posts Name Dropper Photogenic
    :mad: the next emergency has hit.

    Pulling down the ceiling revealed that it wasn't just the shower grout letting out water. The toilet also has a leak (not soil pipe thankfully). En suite toilet is now out of use until I can afford a plumber to take the toilet out, check where leak is coming from and fix (May just require a seal redoing).

    It never just rains here :(

    This is why we all need an emergency fund folks!!
    MBNA 237.47/13997.47
    Santander 300/10550
    Nationwide 60/460
    Very 943/943 paid off 01/02/25
    Santander OD 0/2900
    Nationwide OD 100/200
    Mortgage 18430/125194
    EF 300/1000
    Declutterred via Vinted 53/2025
    NSD Feb 2/7
    SPC2025 #11
    52 wk envelope challenge #6 28/virtual
    Debt repaid 2025 2437.60/38650.60
    MFW 2025 1036/107800
    Make £2025 in 2025 458/2025
    Friday Fiver 35/260 virtual pot.

    - - - -
    What matters is how we live and love and how we spend our dash. (L Ellis)
  • patman99
    patman99 Posts: 8,532 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker Photogenic
    WElcome to our 3 newest mambers.

    Transferred £3.74 across thanks to selling a game on ebay.
    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)

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