The £1,000 emergency fund challenge.

MrsSave

Another £10 gone into the emergency fund today. Up to £70 now. Hopefully for the next few weeks I'll be able to add more than the odd £10

rising_from_the_ashes

OMG still another 6 days to pay day ..... nearly everyone I know has already been paid (last Thurs or last Fri of month) *sigh*

This feels like the longest month ever!

Counted up the 50p coins last night as I was hoping to get another £10 to add to the fund .... sadly only £8 in there!

Other than that ..... plodding along

takingcontrolatlast

Ive managed to put £5 in the EF this week - this is good for me also as waiting on pay day next week (roll on)!!

[Deleted User]

parsniphead. I agree, £22.71 is very good in a week, especially as, like me, you were bad at saving before. Well done:T. I've found this challenge addictive and am now actively looking all the time for even tiny little ways to save/find even a few pennies extra. Stick at it, you'll do just fine:beer:

MrsSave and takingcontrolatlast. Well done and keep at it:T

rising from the ashes.
Having an 'early' pay day can be a mixed blessing! I get paid in the 26th but if it falls at the weekend I get it the previous Friday, so it could be as early in the month as 24th. Used to be a lifesaver before my DMP when I was living on credit cards and desperate to pay bills on time but sometimes it put the budgeting 'out' as a lot of DDs etc are timed to go out on 1st of month and a lot of my money had been 'spent' by then if I got it 'early'. Was always 'playing 'catch-up' somehow. Totally my fault, others no doubt handle things better.

Your 50p jar took me back:T. I used to have a £2 jar (back in the days when I had money to spare, I can just about remember that far back:o). Surprising how it mounted up and was a real treat when I emptied it. Now I just have a small change jar, nothing over 20p pieces goes in it and it's mostly coppers, but it's a vast improvement on even a year ago when I was practically tearing apart the linings of handbags and searching down sofas etc to find oddments of loose change to even afford to buy odd grocery items.

Have a great money-making weekend, everyone:beer:

takingcontrolatlast

Good weekend to you too carboot

patman99

£20 added to the EF as I got paid Tuesday & I have also had my IIB come in AND 3 lots of WTC.

Not sure what is going on with the WTC though as they have paid me close-on £500 and all on the same day. Will have to phone them to check that they have not made a muck-up.

amber03

Just found this thread and am enjoying reading it. This was an idea I had this time last year and decided to start saving just in case, well a year later I am just over a hundred pound off my £1000 target. True to form my cooker, microwave and tv are all making signs of packing in. I know I now have the money to replace them but the thought of looking at my bank balance and seeing it so low after is scary. I am determined to save again when this happens.


To get to this amount I have sold dvds, picked up pennies ,the odd £10 lotto win, every night I go on line to check my bank balance and transfer the pennies amount into my emergency fund, it soon builds up. Any spare money I have had has gone into this fund.


I feel a fraud asking to join as I am nearly upto the £1000 but have subscribed and will keep looking into see how people are getting on.


KEEP SAVING

so_very_confused

Welcome Amber:)

That is the nature of EFs, you build them up and then everything packs in! In my case it's the car:eek:

Onward and upward. I'm sure Patman will be along with a number in awhile.
svc

[Deleted User]

Welcome to our friendly and very supportive group, amber :wave:. Please stay and join in with us. You're certainly not a 'fraud' (as you put it).

As so very confused said:T, that's the nature of an EF.....to build it up and then have to spend it all:(. Sorry to hear that some of your kitchen appliances and TV may need replacing soon but at least you have the money in your EF to pay for new ones.
My EF is looking fairly healthy at the moment (no danger of reaching £1000 yet though, if ever:o) as need expensive work on my car asap. I can always keep working on replacing what I spend though.

Good Luck:beer:

patman99

Welcome amber. You are number 108.

At least you have a savings pot to pay for the items as they fail.