The £1,000 emergency fund challenge.

[Deleted User]

Stereochild wrote: »

Welcome Daisychain1
You will get loads of support and encouragement here :grouphug:
A nicer bunch couldn't be found!! :A

Well said, Stereochild:T. I couldn't agree more.

[Deleted User]

rising_from_the_ashes wrote: »

*sigh* there's always something isn't there

Need to find £250 for external house works - split 50/50 with next door so I guess that's something (maintenance so unfortunately can't be claimed on insurance)

General savings fund is empty as I had to buy new wheels / tyres when I changed my car last autumn which were £550 and wiped it out - they will pay for themselves & save money over the lifetime of the car - just could've done without it at the same time as actually getting the car!

I have £60 in my '£ a week' jar .... started last year and supposedly saving £ a week until my 50th to treat myself to something nice (short break would be fab - not had a 'proper' hol since 1999!)

Another £20 in the £2 coin jar - was saving for a couple of garden chairs & a table garden but hey ho!

BUT that's about all I can scrape together :eek: (really too close to car tax & a couple of annual bills to even consider raiding)

Aaaw, rising from the ashes, my heart goes out to you. I know that feeling so well, where an unexpected bill/payment that just can't be juggled comes up when you've no way of paying it:o

Have you anything you can sell to raise a bit of quick cash? Seems to be my 'fall back' plan when problems arise but I'm fast running out of individual items worth selling (apart from carboot sale odds and ends):eek:.

Good Luck!

rising_from_the_ashes

carbootcrazy wrote: »

Aaaw, rising from the ashes, my heart goes out to you. I know that feeling so well, where an unexpected bill/payment that just can't be juggled comes up when you've no way of paying it:o

Have you anything you can sell to raise a bit of quick cash? Seems to be my 'fall back' plan when problems arise but I'm fast running out of individual items worth selling (apart from carboot sale odds and ends):eek:.

Good Luck!

Thanks - sadly not much left worth selling - did the ebay/local sales sites for years when clearing debts.

Car boots are a bit funny here & very hit & miss - they're quite costly to start with (approx £10 fuel & £15 for the pitch) you have to have a really decent amount of stuff - i did 3 of them last year so again not really got enough to do another yet

Will have a dig round and see if theres anything .....

Just re-read my post and realised it might read as if its 1/2 of £250 that i need to find ....... nope the £250 is my 1/2 sadly

Daisychain1

Thank you all for the welcome and for my number Patman99. I will go and pop it into my signature now.

Stereochild, it is interesting to hear about someone else who is also doing the Dave Ramsey baby steps. Tut tut to not doing it in order :rotfl:. How are you doing it then? I'm going to work through it in order but getting the £1000 quickly is difficult for me so I'm of the thinking that slowly is better than nothing at all.

Progress is slow at the moment because I'm waiting for payday to arrive but then I should be able to increase the emergency fund a bit.

Have a good day.

so_very_confused

rising_from_the_ashes wrote: »

*sigh* there's always something isn't there

Need to find £250 for external house works - split 50/50 with next door so I guess that's something (maintenance so unfortunately can't be claimed on insurance)

General savings fund is empty as I had to buy new wheels / tyres when I changed my car last autumn which were £550 and wiped it out - they will pay for themselves & save money over the lifetime of the car - just could've done without it at the same time as actually getting the car!

I have £60 in my '£ a week' jar .... started last year and supposedly saving £ a week until my 50th to treat myself to something nice (short break would be fab - not had a 'proper' hol since 1999!)

Another £20 in the £2 coin jar - was saving for a couple of garden chairs & a table garden but hey ho!

BUT that's about all I can scrape together :eek: (really too close to car tax & a couple of annual bills to even consider raiding)

Hi RFTA

I know sympathy won't pay the bills ( otherwise we would all be debt free on here!) but I feel your pain.
Sometimes it almost feels as though it's one step forward, two back.
We end up forgoing the small pleasures in life just to keep on going but that is it we will keep on going, hope springing eternal!:)
You'll get back to where you were eventually.
In some part being on DMP is a little easier for emergencies because when the mucky stuff has hit the fan ( the rust bucket) I have reduced payment for a month not something I like doing but if needs must.....
If I can't get to work nobody benefits.

Anyway just to say thoughts are with you:)
svc

January2015

carbootcrazy wrote: »

Good Luck with your debt-busting now you are on the DMP, January.:beer:. I'm with StepChange too and opting for a DMP was the best thing I ever did since my financial problems became so bad.

If it's not a cheeky question:o how have you been able to keep your credit cards? All my creditors are credit card companies and they cancelled them automatically once my DMP started:eek:. StepChange warned me that this would happen so it didn't come as so much of a shock when it did but it was a scary feeling to start with when I lost all my 'safety blankets' at one stroke.

Glad the car is sorted and that you had enough available cash to cover it. My EF has been a lifesaver this year as my car has been a money-pit:(

I probably worded my original post badly - saying we had managed to repair the car etc without resorting to credit cards. We don't have any credit cards left to resort to :rotfl: You are quite right and all lines of credit have now gone (thank goodness).

Kelxx

Hi, today's update,

£10.00 went across to Nat West today so my E-Fund so far is No. 83 - £50.00/£1000.00 - 5%

sophieo16

#60 update- After putting some expenses paid from my old job aside when they came in to my account i now have £891.26 in my emergency fund.

I have a new job that requires £6 a day to park my car in the city centre... so my payments towards my emergency fund may go down alittle

Hoipolloi

Had to dip into savings today (to help a family member out). Hopefully will be back up to £250 at the weekend or will be well grumpy.

Debt_Free_Desires

Just a short update from me..

Didn't think I'd gave anything to add to my EF, but have scraped around the odd bits left from the last couple of weeks budgets and pleased to have been able to add an extra £17.81 :j

Total now at £243.86 (24.38%). Fingers crossed I might be able to hit 25% by the end of the month.

Rising , so sorry to hear you have had an unexpected bill, it's so tough when your budgets are tight isn't it.