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3-6 Month Emergency Fund Challenge!!

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  • lindez
    lindez Posts: 643 Forumite
    Sixth Anniversary 500 Posts
    Hi all
    just an update
    #100 up to 8% of target £480/6000
    Everyone is doing really well.
    Thank you Helen x
    MFWB#2
    MFTT5 #28
    Save 12k 2020 #111
  • £200 popped in the pot for mum.

    Mums Fund £650/£1200
    Debt Free as of 17/01/2009 Turtle Power!!

    EF Challenger #3 £1543.72 / £5000
    MFW 2024 #100 £1300.00 / £10,000

    MFiT #40 Jan 2025 Target - £99,999.00
    Mortgage at 30/09/22 £113,694.11 | Mortgage at 24/01/23 £110,707.87
    Mortgage at 21/04/23 £107,701.01 | Mortgage at 20/07/23 £106,979.65
    Mortgage at 04/10/23 £106,253.77 | Mortgage at 10/01/24 £105,324.57
    Mortgage at 01/04/24 £104,424.73 | Mortgage at 01/10/24 £103,594.98
  • Helen i think i need to start again *hangs head in shame*
    Sealed Pot Challenge member #071 VSP #4
    £723.44(SPC5) - £753.77(SPC6) - £857.19(SPC7) - £1,632.19(SPC8) - £2,707.15(SPC9) - £2,950.30(SPC10) - £0(SPC11)...so far

    I love LC2 and Jakes-Mum :rotfl:
    Star's from Sue :staradmin x28
    CC Debt
    - £2,927.14 Savings - EF - £4,797.21/£5,000 - H2B - £4,691.03/£12,000
  • £50 added to mums pot.

    Mums Fund £700/£1200
    Debt Free as of 17/01/2009 Turtle Power!!

    EF Challenger #3 £1543.72 / £5000
    MFW 2024 #100 £1300.00 / £10,000

    MFiT #40 Jan 2025 Target - £99,999.00
    Mortgage at 30/09/22 £113,694.11 | Mortgage at 24/01/23 £110,707.87
    Mortgage at 21/04/23 £107,701.01 | Mortgage at 20/07/23 £106,979.65
    Mortgage at 04/10/23 £106,253.77 | Mortgage at 10/01/24 £105,324.57
    Mortgage at 01/04/24 £104,424.73 | Mortgage at 01/10/24 £103,594.98
  • elly68
    elly68 Posts: 2,556 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    i'd like to join please as we are about to use the energency fund 0/15,000 can't imagine having that much sitting around but hey may as well aim high .wonder if his nibs will notice 150 dissapearing every month lol i'm excited 100 months is 8.3 years lol might be dead first .... .
    So finally debt free and it feels amazing however continuing here to stay debt free.Next declutter house and body and finally swim under that waterfall x
  • Dobbibill
    Dobbibill Posts: 4,194 Ambassador
    Part of the Furniture 1,000 Posts Mortgage-free Glee! Name Dropper
    elly68 wrote: »
    i'd like to join please as we are about to use the energency fund 0/15,000 can't imagine having that much sitting around but hey may as well aim high .wonder if his nibs will notice 150 dissapearing every month lol i'm excited 100 months is 8.3 years lol might be dead first .... .
    Welcome aboard elly68 :hello:
    When Helen pops in she will allocate you a number and add your target and progress to the first page.

    All the best with your target.

    Dobbi :D
    I’m a Forum Ambassador and I support the Forum Team on the Budgeting & Bank Accounts, Credit Cards, Credit File & Ratings and Energy boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.

    If you can't be the best -
    Just be better than you were yesterday.
  • Dobbibill
    Dobbibill Posts: 4,194 Ambassador
    Part of the Furniture 1,000 Posts Mortgage-free Glee! Name Dropper
    #2 checking in.

    I've done it!


    Added the remaining balance today and smashed my target. Yay me (again) :j
    new total £6000 aka 100%

    Keep on keeping on everyone, it really is worth it when you get there.

    Dobbi ;)
    I’m a Forum Ambassador and I support the Forum Team on the Budgeting & Bank Accounts, Credit Cards, Credit File & Ratings and Energy boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.

    If you can't be the best -
    Just be better than you were yesterday.
  • nyc_451
    nyc_451 Posts: 502 Forumite
    Part of the Furniture 100 Posts Name Dropper Combo Breaker
    Dobbibill wrote: »
    #2 checking in.

    I've done it!


    Added the remaining balance today and smashed my target. Yay me (again) :j
    new total £6000 aka 100%

    Keep on keeping on everyone, it really is worth it when you get there.

    Dobbi ;)

    How inspiring, well done! :T

    May I also join you, please? TARGET: £3000

    I always used to have an emergency fund however I got carried away when purchasing my first home... I have a mortgage, a biggish loan and lots of other bills to pay on my own, and no emergency money! I don't have much left after the bills, but I will make an effort to cut down on some expenses so I can put away £50-100 a month. £3000 would cover three months of living costs, that should be enough time to stand back up on my feet should I lose my job.
  • Sorry I haven't dropped in for months:o and I hope I'll get a chance soon to catch up on all the posts I've missed. I expect some of you will have done really well since I was here last and others may have had to cope with life's emergencies and spend their savings. Either way, as Dobbibill advises us, keep on keeping on:beer:


    I had a few months earlier in the year when I was ill but I'm now 100% again and have been spending my time scrimping to increase my savings to get my debts finally paid off by the end of this year. I've made settlement offers to my creditors and am just playing the waiting game now. I'm not very patient over this and get fed up when the postman comes each day with no letters from my creditors:(. Once upon a time I was glad when they didn't write to me but now I'm upset when they don't:rotfl:


    These settlements will wipe out my savings but I'll be back to rejoin you all in January building on anything I have left or starting afresh if I have to use it all.


    Take care, all:beer:
  • Dobbibill
    Dobbibill Posts: 4,194 Ambassador
    Part of the Furniture 1,000 Posts Mortgage-free Glee! Name Dropper
    blue_mango wrote: »
    How inspiring, well done! :T

    May I also join you, please? TARGET: £3000

    I always used to have an emergency fund however I got carried away when purchasing my first home... I have a mortgage, a biggish loan and lots of other bills to pay on my own, and no emergency money! I don't have much left after the bills, but I will make an effort to cut down on some expenses so I can put away £50-100 a month. £3000 would cover three months of living costs, that should be enough time to stand back up on my feet should I lose my job.


    Hi blue_mango - welcome to the challenge :hello:

    Of course you can join.

    When Helen pops in she will add your target and progress to the first page and allocate you a number.

    You can take the scenic route to your goal as there is no time limit, so add as much as want/can and plod on at your own pace. If you need it, use it, after all that's what it's there for.

    We are a friendly bunch and will be cheering you on from the side lines. Keep us updated with all your successes and challenges.

    So welcome aboard - all the best.

    Dobbi :D
    I’m a Forum Ambassador and I support the Forum Team on the Budgeting & Bank Accounts, Credit Cards, Credit File & Ratings and Energy boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.

    If you can't be the best -
    Just be better than you were yesterday.
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