3-6 Month Emergency Fund Challenge!!

x_raphael_xx

£100 slipped into the EF. Total is now £1400
My mot is due this month, whatever is left I will throw at the EF too.

sophieo16

carbootcrazy wrote: »

Difficult one:think:

If your current car is still reliable and not incurring too many expensive bills for repairs/replacement parts I'd be tempted to stick with what you already have and keep on saving for a younger car.


The only 'plus' in buying the Toyota, in my view, is that you probably trust the family member who is selling the car and you probably already know the car and all its little idiosyncrasies and past history.

I'm in worse position than you with a very old car which is suddenly beginning to cost more and more to repair:mad:. I may have to resort to replacing it sooner rather than later with something cheap and cheerful:(

Good Luck:beer:

Thanks for the advice carbootcrazy

Its a funny one at the moment, I don't actually know a lot about the car. My gut is telling me to carry on saving however, I'm having an issue with my battery at the moment so its urging me to save even more quickly.

I think I'm going to continue saving rather than make a rash decision on the wrong car just to switch. i have my £1000 emergency fund for things like car repairs etc so i suppose that is there to use in situations like this until i can get my £5000 saved.

[Deleted User]

sophieo16 wrote: »

Thanks for the advice carbootcrazy

Its a funny one at the moment, I don't actually know a lot about the car. My gut is telling me to carry on saving however, I'm having an issue with my battery at the moment so its urging me to save even more quickly.

I think I'm going to continue saving rather than make a rash decision on the wrong car just to switch. i have my £1000 emergency fund for things like car repairs etc so i suppose that is there to use in situations like this until i can get my £5000 saved.

If it's just a battery problem I wouldn't worry too much. New ones aren't all that expensive and they are just 'wear and tear' items that we all have to replace from time to time. Your EF shouldn't take much of a hit.

I know several people who have made rash decisions about buying a car in haste (OH for one and I always thought he was astute where cars were concerned;)).


Good Luck:beer:

Dobbibill

Sad new as my car finally died on me.

This meant a new car was a must - the 2nd EF is wiped out and the main fund is down to £2701.13 aka 30.01% so a huge drop.

Back to almost the start to build it back up.

On the bright side - car is pretty new so shouldn't have any repairs to pay out on it for a good while.

keep on keeping on

Dobbi

[Deleted User]

Sorry to hear about the car. Dobbibill, but at least you've been brilliant at building up some great emergency savings that have been enough to ease the pain.


On the plus side, as you say, maintenance/repair costs will be a minimum for a few years:T. 'Knowing' you, you'll have a healthy EF again before you know it.


Happy motoring:beer: (not that I'm advocating drink-driving of course;))

[Deleted User]

I came on here in the first place to share some great news and got sidetracked when I read Dobbibill's post so replied to that first. Sorry I haven't been on here much lately, RL has a nasty habit of keeping me occupied on much less pleasant activities:(


I received a letter on Monday saying my PPI claim had been upheld and a cheque for £1458 would reach me within 28 days:j:j:j:j. I know it isn't anywhere near the amount that some people reclaim but it was only on a short loan and this payout will mean the world to me in my current financial state.


I never had PPI on a lifetime of loans and other things except for a very small amount from many moons ago that I was repaid after a lengthy fight which eventually involved the Ombudsman. This current one was one I didn't even know for sure I ever had PPI on:o, (I still, can't understand why I ever took it out as it was so unlike me), I just had a gut feeling that just maybe I did. The company could find no record:( but said if I could supply any old statement or other paperwork they'd investigate it again. It was from so long ago that I was all set to let it go as I knew I had no paperwork from that far back. I doubted that I ever had it anyway. Then totally by chance I discovered a solitary old statement from 2001 amongst piles of genealogy paperwork that I was flicking through one last time before recycling and lo and behold it showed the PPI on it:j


The company concerned were very good and it was only a few weeks before they got back to me with the result. I won't update my total until the cheque is received and cleared but I just had to come on here and share.


I hope everyone is doing well at the moment. Sending hugs and positive vibes to anyone who needs them.

Dobbibill

Well done carbootcrazy - brilliant news.
I hope it comes sooner rather than later.

#2 update too......
added £182.38 so new total now stands at £2883.51 aka 32.04%.
Almost at a third already - gonna keep plodding on.

keep on keeping on everyone

Dobbi

DreamerHelen

Morning Everyone

I'm so sorry for not being around....My Psychotherapy Business has taken off so much that I've been exhausted and unable to do very much apart from keep going with Work....So I haven't had an awful lot of time to do much else....I'll try to do better...

In other good news....I've managed to add some to my £6000 Emergency Fund...So I'm now up to £30...slowly slowly as they say!

So all is well at the moment...Long may it continue for ALL of us...

Here's to the Updates... xXx

skye blue - I've Updated the First Page...You're doing AMAZING!! Keep on going hun...And thank you, things are looking good right now... xXx

LittleMissDetermined - I've Updated the First Page...You're doing INCREDIBLE!! I know you can do this....so keep on going...and thank you for your lovely kind words... xXx

abundant1972 - I've Updated the First Page...You're doing AWESOME!! You know you can do this!! Thank you also for your lovely words...they are much appreciated... xXx

Dobbibill - I've Updated the First Page...You're doing BRILLIANTLY as always...I got a little confused with your Updates so please do check the First Page and make sure I've got it right if you get the chance...I'm so sorry to hear that your Car died...hope you're doing okay and thank you for welcoming our newest Member... xXx

carbootcrazy - You are doing AWESOME!! Stick with it....And CONGRATULATIONS on the PPI Payment...That sounds wonderful... xXx

sophieo16 - I've Updated the First Page...You're doing WONDERFULLY!! Keep on moving forwards xXx

Jellybeans&FF - WELCOME WELCOME WELCOME!! It's great to have you here...I'm so sorry it's taken me a little while to Welcome you to the Group.....You are most Welcome to be here...I have added you to the Members List on the First Page and have put your Target and what you have so far....You CAN do this!! Please do come back and let us know how you are getting on... xXx

x_raphael_xx - I've Updated the First Page...You're doing GREAT...Keep on going....I know things can be tough but you're doing a WONDERFUL job of keeping on....and adding to your Fund when you can xXx

[Deleted User]

Brilliant news that your Psychotherapy business is doing so well, Helen:j:beer:. You really deserve success as you've worked so hard for it despite major health setbacks and upheavals in your family life:A


I'm sorry you're feeling exhausted but I suppose that's to be expected at the start. Just make sure you take good care of yourself and do your best to snatch a bit of 'me' time whenever you get the chance;)

patman99

Hi Helen. Think I might need psychotherapy. Anyway, can you update my amount to £240 please.