3-6 Month Emergency Fund Challenge!!

LittleMissDetermined

Morning everyone! Back to work today and the pooches are already doing my head in... It's going to be a long old day I think!

Nothing else to report on the saving front, recent events have had me focus on my debts to be honest. Hope everyone's doing ok!

LMD x

DreamerHelen

Morning LittleMissDetermined ..... I hope your first day back at Work goes well....glad to hear that you're determined with regards to your Debt....You WILL get there hun xXx

stewby

Hello again.

So I have spent most of last night (the joys of being a night owl) and today trying to figure it out and I think I have a solution... but it involves slightly lying on my charts.

Basically, I should be getting a slightly higher wage at the end of January due to unsociable hours so I am hoping to pay two overpayments in February.
One as soon as I get paid and then one later in the month.

My plan is to write the one from as soon as I get paid into January's box and then the second one under February.


What do people think?? It means that I don't have to touch my emergency fund at all. So, I think it is a win-win situation.
The thought of taking money out of the emergency pot annoys me a lot but so does making a mess of my table (did I mention the slight OCD and neatness requirement). I think this is the best option.
:undecided

Hugs to everyone.

DreamerHelen

Morning People...


Yesterday was better than I thought it would be....so I was pleased.....This morning I'm feeling a bit rubbish....but it's mostly emotional rather than physical....We shall see what an hour at the Gym does as usually it helps to go there and work off frustrations....


stewby hun ..... I think if you're happy with that then go for it....Btw, I'm a bit OCD with my Charts and things too

sophieo16

Another update from me, small update..

#5: £554.47/£3000... a whole 43p more! haha

Slowly but surely? :rotfl:

I have been walking to work rather than taking my car or getting the bus since i started back this week. It would normally cost me £6.14 a day to park or £3.50 for a return on the bus.

So, I'm hoping by the end of the month to have some travel money left in my budget to put towards my EF as well as spare from my wage.

Sophie

DuranGirl

I've just checked my online banking and Lloyds have started something called "Save the Pennies", where every time you use your debit card, they will round up the payment to the nearest pound and transfer that money to a Lloyds savings account. My EF account is elsewhere, but I wondered whether it was a quick and easy way of doing what some of the peeps on this thread have been doing with their spends, if I started a savings account for that? I've just earned £80 today on Ebay (after all the fees) from selling a few old video games that I didn't even know we had. That's going into my newly-established decorating fund, so maybe I could use the Save the Pennies account for that as well?


What does everyone else think?

sophieo16

DuranGirl wrote: »

I've just checked my online banking and Lloyds have started something called "Save the Pennies", where every time you use your debit card, they will round up the payment to the nearest pound and transfer that money to a Lloyds savings account. My EF account is elsewhere, but I wondered whether it was a quick and easy way of doing what some of the peeps on this thread have been doing with their spends, if I started a savings account for that? I've just earned £80 today on Ebay (after all the fees) from selling a few old video games that I didn't even know we had. That's going into my newly-established decorating fund, so maybe I could use the Save the Pennies account for that as well?


What does everyone else think?

Hi Duran,

I noticed the other day that my TSB account has the ability to do the same with the Save the Pennies thing. I think its a really good idea if it will work for you

I do this manually every sunday from my accounts and it really is amazing how much tots up!

I use my TSB account as a savings account and syncing fund so there is no point in me doing it for that account.

Soph

Dobbibill

'Save the Change' has been available for quite a while now.

It's really good to round down the account, works fab if you have OCD about having exact £s in your current account. The good thing is, they won't do it if you are in your overdraft or if it will cause you to go overdrawn. Really handy

DuranGirl, I think the pennies will soon add up whichever fund you put them towards..........they do say 'Mind the pennies and the £s will mind them self'

DreamerHelen

Evening Everyone!!


Well finally I have something to Report.....I have put a Fiver in my Emergency Fund!! First thing to go in my New Terramundi....but it's safely in there now and can't be removed without smashing it....which I don't plan to do.....so I'm really pleased with that...


sophieo16 - I've Updated the First Page...hey, every little bit counts so don't worry!! And you're right about the Save the Pennies thing....it DOES mount up...I also do it manually....


DuranGirl - The Save the Pennies thing sounds great....I prefer to do it Manually because I'm really weird and OCD about my Bank Account....but it sounds good so go for it!!


Dobbibill - How are you hun? Hope all is well with you and thanks for the great advice to DuranGirl....

Dobbibill

DreamerHelen wrote: »

Evening Everyone!!


Well finally I have something to Report.....I have put a Fiver in my Emergency Fund!! First thing to go in my New Terramundi....but it's safely in there now and can't be removed without smashing it....which I don't plan to do.....so I'm really pleased with that...

:T :T :T Well done Helen little steps still get you to the end of your journey

I'm well thanks Helen, plodding along, always smiling popping in to keep up to date with the thread