The £1,000 emergency fund challenge.

pozza_73

Waiting for a cash back cheque. As soon as it comes in it will be going into my EF. Looking forward to getting to the £250 mark

DeafLeopard

I've put in £70.17 in mt bank from the 16th to today

takingcontrolatlast

Hi Patman

May I join this challenge please? I'm always caught short and havent budgeted for an emergency before. There are some major household repairs that need doing and if i can reach this challenge i may be able to cover at least one!

parsniphead

Can I join too Patman.

I have been on the forum for years and have just finished a DMP with some other debts to pay off but one thing I never managed to do was get an emergency fund together. I was going to aim for £500 before coming across this thread, but £1000 sounds much better.

I have signed up to the Save the change function on my bank account and plan to add to it monthly. One of my biggest worries recently has not having money for emergencies and its about time I got it sorted.

Ali

[Deleted User]

parsniphead wrote: »

Can I join too Patman.

I have been on the forum for years and have just finished a DMP with some other debts to pay off but one thing I never managed to do was get an emergency fund together. I was going to aim for £500 before coming across this thread, but £1000 sounds much better.

I have signed up to the Save the change function on my bank account and plan to add to it monthly. One of my biggest worries recently has not having money for emergencies and its about time I got it sorted.

Ali

Many congratulations on finishing your DMP, parsniphead.
It must be a brilliant feeling of relief:T.

I've a few years to go with mine yet but I can see the debt total going down and all being well can count off the months to the end.

Welcome to the Emergency Fund Challenge and Good Luck :beer:

Debt_Free_Desires

Hi all
It's been a while since I've posted on the thread but thrilled to report I have managed to get past the £300 barrier
EF now at £317.92 :)

parsniphead

Thank you carbootcrazy.

I do still owe a small fortune to family/DH but its good to have the DMP gone. It was a long journey but was worth it.

I'm sure yours will be gone before you know it. Well one for getting the emergency fund sorted while on DMP. I wish I had been so sensible.

patman99

Welcome to our 2 newest members. Earned £20 for taking some rubish to the tip & cutting the grass for my parents.

That will be added to my EF at some point.

[Deleted User]

parsniphead wrote: »

Thank you carbootcrazy.

I do still owe a small fortune to family/DH but its good to have the DMP gone. It was a long journey but was worth it.

I'm sure yours will be gone before you know it. Well one for getting the emergency fund sorted while on DMP. I wish I had been so sensible.

Thanks for your kind words, parsniphead:T

I'm ashamed to say that being the ostrich I am (well, was now) I never thought of such things as Emergency Funds when there were credit cards to be used:o. Now I haven't any credit whatsoever on the DMP and having had a couple of major urgent scares having to find money that I didn't have:eek: I know the only way to survive the DMP years with my sanity intact is with an Emergency Fund to fall back on. I'm so grateful to patman for starting this challenge as I've already had to dip into my fund for car repairs. It's been really hard to save anything on the DMP but I've done a couple of casual jobs, sold stuff and had an electric company refund all of which have gone straight into the EF. Otherwise it's nigh impossible to save as I'm committed to paying off my debts quicker than is really comfortable but the alternative doesn't bear thinking about.

A big welcome to all new challengers. Well done to everyone who has saved anything lately. It's so motivating being a part of this challenge. Thanks, everyone:A

parsniphead

Thanks for the number patman.

#105 - £2.15/1000.

Not sure what emergency this will cover.;) but from small acorns.