3-6 Month Emergency Fund Challenge!!

edited 20 November 2018 at 12:11PM in Debt-free Wannabe Challenges
2.1K replies 240.7K views
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  • Savvy_sewingSavvy_sewing Forumite
    11.5K Posts
    Part of the Furniture 10,000 Posts Rampant Recycler
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    Well I cashed in a silly pension, saved like the clappers, and raised £8,000 last year. However my son got into dire straits and I have ended up bailing him out and getting myself into credit card debts. £13,040.72

    So it's all a big mess.
    I am currently on holiday with my mum, but when we return to the UK I will be using the savings to clear some of the credit card debts. Unfortunately I will still have masses of debt.
    I shall probably not be able to start to save again the beginning of the year anyway.
    I have £670 in an ISA so I will leave that as my emergency fund for now.
    But I will dip back in once I sort out the debt.
    When I die I will know that I have lived, loved, mattered and made a difference, even if in a small way.
  • DobbibillDobbibill Forumite, Board Guide
    4K Posts
    Seventh Anniversary 1,000 Posts Mortgage-free Glee! Name Dropper
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    Mooloo wrote: »
    Well I cashed in a silly pension, saved like the clappers, and raised £8,000 last year. However my son got into dire straits and I have ended up bailing him out and getting myself into credit card debts. £13,040.72

    So it's all a big mess.
    I am currently on holiday with my mum, but when we return to the UK I will be using the savings to clear some of the credit card debts. Unfortunately I will still have masses of debt.
    I shall probably not be able to start to save again the beginning of the year anyway.
    I have £670 in an ISA so I will leave that as my emergency fund for now.
    But I will dip back in once I sort out the debt.


    Hi Mooloo,
    Thanks for the update. I will release your number on the part 2 thread for the moment.

    Feel free to rejoin later in the year and you'll be given a shiny new number. :D
    All the best with the debt busting.
    Dobbi
    I'm a Board Guide on the Energy, Student Money Saving, UK Armed Forces and
    Local Money Saving - Wales boards. I'm a volunteer to help the boards run smoothly, and I can move and merge posts there.
    Board guides are not moderators and don't read every post. If you spot an abusive or illegal post then please report it to [email protected]. Any views are mine and not the official line of MoneySavingExpert.com.

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    It's about being better than you were yesterday.
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