3-6 Month Emergency Fund Challenge!!

-Selene

Hello

I saw this challenge before and wanted to join but only had my VSP at the time and didn't want to mix the sums up (or I'd end up thinking I had twice what I really did )

I have two sources of income and did an SOA with only the larger income and I still have a little left over each month, so I've decided to start treating my savings as bills. TSB do a Monthly Saver but the maximum on that is £250, so the Monthly Saver will be for Long Term Savings, and the remaining balance from my smaller income will go into my Emergency Fund. Once I've met my VSP goal (for unexpected expenses and/or minor emergencies) I'll throw more money at the EF. Does that all make sense or am I over complicating things?

My starting balance will be £0 as I'll start next month, but I'm posting here because I need to open an EF savings account, so you lovely folk can make sure I stick to my word

Dobbibill

Welcome to the challenge -Selene, Helen will be along soon with a number for you. :hello:

Everyone has started at zero at some point and you will get plenty of support here, there is no rush and little by little we will all reach our targets in time. There's no pressure, lots of motivation and it's a fun thread to be part of. If you have a target in mind Helen will put that up on the first page too.

positivelypunked

Got paid Friday and so I put £100 into my emergency fund
and £1.71 that was odds in my account
£211.82


I need to go to the bank at some point and put in the coins I saved up.
trying to rack up as much as I can this year.

DreamerHelen

Afternoon All


I did the Night Shift last night so am a bit knackered.....but still awake and am now back working this Afternoon and Tonight... So far I'm feeling okay....it might hit me later on though...LoL


lexbubbles - I've Updated the First Page....Keep going hun, you'll get there... xXx


-Selene - WELCOME to the Gang!! It's wonderful to have you here....Do you have a Target in mind? If you do then do Post it here and I'll add it for you....also do come back and let us know how you're getting on xXx


Dobbibill - Thank you for being lovely and welcoming our newest Member....Hope you're doing well.... xXx


positivelypunked - I've Updated the First Page....Well Done for putting that much in all in one go...that's brilliant!! xXx

-Selene

Thanks for the welcome Dobbibill and Helen

I'm going to aim for a goal of £5,000 for self-insuring my pets. In the past I've had to borrow money or be late with bills in order to pay the vet and I'd like to have a comfortable amount to cover any illness or accident that might crop up (although of course I hope they remain in good health!). :A

skye_blue

hi

hope everyone is ok and you are not too tired helen

just £5 for this week (total 105)

ive decided that each time I reach £100 I will buy premium bonds, it will stop me dipping in and if I need the money I can withdraw it in a few days (still counting as in the fund tho)

Have a good week everyone

patman99

Hi all. Helen, can you reduce my page 1 amount by £59?.
My beloved Col. U were playing Spurs in the cup and I managed to get one ticket. Trouble is, they had set up the ticket sales so that I had no choice but to buy a ticket for their mid-week home gane against Chesterfield.

sophieo16

Thanks for the wise words DreamerHelen!

So my car was in for its MOT on Saturday... I turned up to discover that the garage had forgotten about it so i have to go back Saturday coming :rotfl:

So nothing new to add to the fund until that is done and passed (fingers crossed) apart from 6p in interest in my Zopa account. so £664.85 is my new total

Sophie

DreamerHelen

Evening All


It's very much looking like I will be able to add another Fiver come payday on Thursday....So I'm looking forward to that!!


-Selene - I've added your Target on the First Page....Do come and let us know how you're getting on hun


skye blue - I've Updated the First Page...you're doing BRILLIANTLY!! Keep it going!!


patman99 - I've Updated the First Page....Can I just check that your Total at the moment is £81?


sophieo16 - I've Updated the First Page....You're doing really AMAZING!! And you're welcome for the wise words

[Deleted User]

Evening everyone, hope all are well. Thanks to putting in some extra hours at my 2nd job I've been able to top up my EF to £1775 given that I'm now solely responsible for paying the mortgage I'm pretty chuffed with that, comes at a price though am feeling tired today! Xx