The £1,000 emergency fund challenge.

mobo1980

Hi number 14 popping on to say i'm now at ...........£7.84 lol


Mobo xx

October_Starter

Morning! I think I have about 500.00 towards my 1000.00 but I am going to be going the slow route after this. Hopefully my E B of A stuff will sell and I can add more

Thanks for the welcomes and the number. Yay for #20

October xx

DreamerHelen

Put another £4.97 in the Emergency Fund this morning....So I am now officially over the 2% mark....

[Deleted User]

I bought myself an emergency fund tin!

So excited to fill it up to the brim with lovely emergency fund cash!

Dxxx

Eyebright

DreamerHelen wrote: »

Eyebright...I've updated my Sig as I think I've figured out the Percentage thing....can you let me know if I'm right...Thanks!!

Sorry didn't get time to pop on MSE last night, but the way I do it, is divide goal (I.E £1000), by 100 to work out what 1% is (I.E £10 in our example). Then I divide whatever I have saved up so far (Say £130) by the value of 1% (£10) = 13% of total acheived. Hope that helps

mobo1980 wrote: »

Hi number 14 popping on to say i'm now at ...........£7.84 lol


Mobo xx

Still better than nowt Mobo! My total will be going up very slowly until after Christmas!

October_Starter wrote: »

Morning! I think I have about 500.00 towards my 1000.00 but I am going to be going the slow route after this. Hopefully my E B of A stuff will sell and I can add more

Thanks for the welcomes and the number. Yay for #20

October xx

Wow 50% of the way there already, that's fabulous! :T

I'm probably going to put £10 of my ebay sales in at some point today, so that I'm another 1% closer! The rest I need to keep for Christmas presents!

mobo1980

Thanks Eyebright

I like the fact that we can go at our own pace on this challenge

Mobo xx

chrisfreelander54

Just popping in for a quick update, and to say hello to all the new members that have joined recently. :wave:

Another £43.57 added today, total is now @ £643.57. :T

Just relaxing for the next half hour, then its off to do my last 12 hour nightshift, before taking a few days off. Roll on 6am.

Enjoy the rest of your day fellow funders.

DreamerHelen

Thank You for that Eyebright....I think I've done it right but I'm not a hundred percent sure!! LoL....Oh well, it makes sense to me anyway!! You're doing brilliantly...keep it going!!


Dolly....I nearly went with an Emergency Tin from Ebay but decided at the last minute to put it in a Savings Account...I have already got a few tins on the go and didn't want to add anymore...But I can definitely see the appeal in literally watching your money pile up...Go for it!!


Wow Chrisfreelander (hope I got your name right, I'm doing it from memory)....you are doing AMAZINGLY well!! Well Done and don't stop!!


Nothing more to add at the moment....We'll see where I'm at once I get paid on Thursday....

Eyebright

mobo1980 wrote: »

Thanks Eyebright

I like the fact that we can go at our own pace on this challenge

Mobo xx

Agreed, I like that it's not a race, just putting some money in as an when we can, to slowly fill it up to £1000. We can all share tips and ideas if we think of something to help each other get there.

chrisfreelander54 wrote: »

Just popping in for a quick update, and to say hello to all the new members that have joined recently. :wave:

Another £43.57 added today, total is now @ £643.57. :T

Just relaxing for the next half hour, then its off to do my last 12 hour nightshift, before taking a few days off. Roll on 6am.

Enjoy the rest of your day fellow funders.

Brilliant total Chris!! :T Enjoy your days off xx

DreamerHelen wrote: »

Thank You for that Eyebright....I think I've done it right but I'm not a hundred percent sure!! LoL....Oh well, it makes sense to me anyway!! You're doing brilliantly...keep it going!!


Dolly....I nearly went with an Emergency Tin from Ebay but decided at the last minute to put it in a Savings Account...I have already got a few tins on the go and didn't want to add anymore...But I can definitely see the appeal in literally watching your money pile up...Go for it!!


Wow Chrisfreelander (hope I got your name right, I'm doing it from memory)....you are doing AMAZINGLY well!! Well Done and don't stop!!


Nothing more to add at the moment....We'll see where I'm at once I get paid on Thursday....

Nearly Friday, can't wait to get paid an divvy up where my wages are going! So I know the feeling Helen!

I've transferred £16.70 from Paypal this morning, this will round up the amount in my Emergency Fund, so that I have made another 2% of the total! Yippee

DreamerHelen

Morning Eyebright...Hope you are well this morning!!


I may not have a lot to put in this Week when I get paid as it's pretty much down to the wire in terms of what I can afford...but even if I can only put a pound or two in, that's still money in the Fund


I just looked at your Total...you're doing BRILLIANTLY!!! You're over a tenth of the way there....Keep it going....Does it feel good now that you have some money there if there is a problem or something needs paying for?


For me it's about safety....it's about not having to ask anyone for money if I get into a sticky situation....it's about knowing that I CAN afford something if there is a difficult situation that arises...


My Grandma isn't massively well at the moment (she's nearly 90) and I've been told by my Dad to "expect the worst at some point probably in the next Year"....and she lives in Lancashire...and I live in London....And, being practical, I don't want to have to miss being at her Funeral just because I can't afford to go!! So, as maudlin as it sounds, that was my first and foremost reason for having an Emergency Fund....


Ultimately I would really like to have 3 months wages in a Savings Account somewhere....but that is about £6000....and I thought if I looked at that number it would scare me so I'm starting with £1000 and once I get to that I will think about the next bit....


Sorry, I'm rambling here...LoL...Just in that kind of mood