3-6 Month Emergency Fund Challenge!!

Keedie

Hi Dreamer Helen & Everyone,

Am I too late to join this thread and the 3-6 months EF challenge? I am being made redundant and after nearly 12 years with my current employer, I will be unemployed in 3 weeks time :eek::eek::eek:.

I am plodding on with clearing my debts, but I know that I need an emergency fund large enough to live on for 6 months. I will use a bit of my redundancy to bring the debts down and to start the initial lump sum for the emergency fund. I am hoping to change career and go freelance, as my health is not very good at present, and I want to be able to have a flexible work/life balance. So an emergency fund that can cover debt repayments if I am struggling for work/income is essential.

Please let me know,

Thanks,
Keedie :cool:

milasavesmoney

Helen will be along to welcome you. It's the right time when you see the need and get started, never too late. Very wise to be planning the road ahead. This is a great place to keep focused. Welcome!

AnxiousHomemaker

Hi, if possible I would love to join in with this, my husband is currently off work following a car accident and well it has been an eye opener and I am determined to get some savings in place!! Not too sure on a target just yet, I think might aim for £500 mini targets as they feel a bit more achievable than a big balance to start with!

thanks xx

DreamerHelen

Evening All

Well it's been a weird Week...but mostly a good one I think....

Glad to see some new Members and thank you to all the lovely Members that we have that make this Thread.... xXx

Mooloo - I've Updated the First Page...I'm so sorry to hear of your problems right now, I think it's appalling that they are changing the rules now and making you pay stuff back!! Don't worry about the Emergency Fund....just add to it when you are able to, you are always welcome in this Challenge whether you have anything in your Emergency Fund or not... xXx

milasavesmoney - Thank you hun, I AM really proud of myself....Just got to keep on moving forwards. Thank you to your kind words to our Members....I really appreciate it and I'm sure they do too... xXx

Keedie - Welcome to the Gang....You are most Welcome to be here....Do you have a Target in mind? If so then I will add it to the First Page....I'm so sorry to hear of your redundancy...Hopefully it will be a new path for you that will take you to wonderful new Places.... Do come and let us know how you're getting on xXx

AnxiousHomemaker - Welcome, it's great to have you here!! I've put your Initial Target as £500....Do let us know how you're getting on....I'm so sorry to hear of your Husband's Accident...I hope he is well on the way to recovery... xXx

milasavesmoney

How are you doing Mooloo? I've been thinking about you.

-Selene

71p interest has been added to my EF so the balance now stands at £632.24 Have skipped the monthly SO to the EF this month due to a lot of necessary expenditure but have been making long-term savings plans which is a positive :j

skye_blue

hi everyone

hope you are all ok and some are even enjoying some sunshine to brighten your days

not been much around here but we live in hope

please can you add £19 to my fund, strange amount i know but it leaves my bank account with a nice round figure

thanks again to helen for running this

JCUK

Hi all,


Payday for me - always a treat :-)


Another £100 in the fund for me, making it £1000 now.
Thank you Helen for looking after us so well, despite your health problems - hope you're feeling better now.

mum-to-many_2

#55 £220/£3000

I picked up some extra hours covering my boss who was poorly so I was able to add extra, plus 1 extra shift at my 3rd job.
From September I should be working more hours at my 3rd job so will be able to add more to it. My husband is planning to do a carboot soon as our 4 month old has out grown loads, and we could do with a general declutter!

Thanks Helen and everyone else for the warm welcome.

Munchin

Hi Helen

I'm at £1300 now #13 - I'm back to paying in £50 a month as I now need to scrimp and save for a new to me car. The old one is on it's last legs...why couldn't it get sick once I had my emergency pot full..