3-6 Month Emergency Fund Challenge!!

The_Only_Girl

Hi all! I am beyond excited! I feel like I’m in cloud 20! :j:j:j

Hubby and I sat down to re-visit our monthly budget after a big weekly food shop and petrol top-up and realised that I have miscalculated our original December budget. Instead of £2100 EF, we actually have £3172! I don’t know how I have missed £1K! I supposed to be plus £1K than minus £1K :eek::rotfl:

The second good news is, OH’s and my life assurance plans have matured and we have been told that we are going to receive £10K in the next few days! We will probably use some of the money to fund some of the much-needed renovation projects in the house but majority will be kept in the bank as EF. I will update once the insurance payout has hit the bank and we know for sure which projects we will be doing first.

These are just what I need to cheer me up after the “storm” my family and I have had to endure recently. I can’t believe the rainbow is already in sight. And sooner than I expected!

ponypal

Hello I would like to join please, my goal is £6,000 and I am currently on £220

Debtnomoreplease

Hello, please could I join.

Target=£10,000 emergeny fund.

Currently, £2500/£10,000.

I have a seperate £1000 saved, but won't include this as that's my emergeny car find.

£7500 to reach, I want to reach this before December 2019.

Dobbibill

ponypal wrote: »

Hello I would like to join please, my goal is £6,000 and I am currently on £220

Debtnomoreplease wrote: »

Hello, please could I join.

Target=£10,000 emergeny fund.

Currently, £2500/£10,000.

Hi ponypal & Debtnomoreplease - welcome aboard :hello:

Of course you can both join. When Helen pops in she will allocate you a number and pop your target and progress on the first page.

Drop in as often as you like, keep us updated with both the progress and the challenges. We are a friendly bunch and will pop in and cheer you on.

Until then keep up the good work you've started.

Dobbi

x_raphael_xx

Mum has been paid!!! :T



I rang her with a sad voice, telling her I wouldn't be able to pay her £100 a month anymore.
She got all worried and asked if everything was okay and what was wrong.
Then I told her it was because I had already transfered the remainder into her bank :rotfl:I'm an evil child.


Helen, please delete my 'Mums Fund' target and re-adjust my EF target. I'm starting at £0, and aiming for £5000.

Rosie75

Hello all, please could I join this challenge? I've been on the Debt Free by Xmas 2018 thread all year and have finally paid off my credit cards, so now is the time to build up an emergency fund. I'd like to aim for 3 months salary, which is £10,000.

Thank you and good luck to all!

[Deleted User]

x_raphael_xx wrote: »

Mum has been paid!!! :T



I rang her with a sad voice, telling her I wouldn't be able to pay her £100 a month anymore.
She got all worried and asked if everything was okay and what was wrong.
Then I told her it was because I had already transfered the remainder into her bank :rotfl:I'm an evil child.


Helen, please delete my 'Mums Fund' target and re-adjust my EF target. I'm starting at £0, and aiming for £5000.

You minx:eek::rotfl:

Well done on finally getting the debt cleared though:T:beer:. Must be a weight off your mind and Mum's too.

x_raphael_xx

carbootcrazy wrote: »

Must be a weight off your mind and Mum's too.

Definately, it was only when I rang her that she told me the car was in the garage and costing them £300ish, amongst other unexpected costs. So it looks like it was repaid at the right time

wibblewibblewibble

Hello, can I join this challenge too please? I would like to aim for £3000. I don't have any sort of emergency fund, and my employer has been all over the news recently as they are on the verge of liquidation, so I could be out of a job soon. I still have lots of debts to pay, but interest free until 2021. If everything goes well with my job, I'm hoping to get some savings together as well as pay debts off within the next 2 years. Or in the worst case scenario, at least save a few hundred pounds before I'm jobless.

Dobbibill

x_raphael_xx wrote: »

Mum has been paid!!! :T

:j :j brilliant news raphael well done

Rosie75 wrote: »

Hello all, please could I join this challenge? I've been on the Debt Free by Xmas 2018 thread all year and have finally paid off my credit cards, so now is the time to build up an emergency fund. I'd like to aim for 3 months salary, which is £10,000.

Thank you and good luck to all!

Welcome aboard. Helen will give you a number when she pops in and add your target and progress to the first page.
We will all be cheering you on from the sidelines.

wibblewibblewibble wrote: »

Hello, can I join this challenge too please? I would like to aim for £3000. I don't have any sort of emergency fund, and my employer has been all over the news recently as they are on the verge of liquidation, so I could be out of a job soon. I still have lots of debts to pay, but interest free until 2021. If everything goes well with my job, I'm hoping to get some savings together as well as pay debts off within the next 2 years. Or in the worst case scenario, at least save a few hundred pounds before I'm jobless.

Of course you can join Helen will also add you to the first page.
Fingers crossed for you with work. You'll have a number soon. In the meantime well be cheering you on.

Dobbi