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3 - 6 month Emergency Fund Challenge (part 2)

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3 - 6 month Emergency Fund Challenge (part 2)

edited 30 November -1 at 1:00AM in Debt-free Wannabe Challenges
400 replies 31.3K views
DobbibillDobbibill Forumite, Board Guide
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edited 30 November -1 at 1:00AM in Debt-free Wannabe Challenges
Hi All,

I hope you all had a lovely Christmas.

As we go into 2019 we are moving forward with the 3 - 6 month Emergency Fund Challenge and as such a shiny new thread here for part 2.

The old thread is here.

Your goal can be as much or as little as you want. Some aim for 3 months spending, others 3 months income or even push it further for 6 months worth.
There is no timescale and you can do it at your own speed. Plod along or race through to your goal. It's your goal, your choice. ;)

It's always good to review where you are with your goals every now and again so I completely understand if people want to prioritise other things ahead of this challenge. Just let me know and I'll release your number.

If you change your mind later, feel free to pop back and rejoin. You are always welcome and can have a shiny new number. :D

I will hold everyone's current numbers until the end of January. Once this comes, I will shuffle the numbers to fill the lower numbers first. If you want to keep your original number let me know, that will be fine too.

For now, keep on keeping on with those goals.

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.

It's not about being the best -
It's about being better than you were yesterday.
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Replies

  • edited 18 July at 9:29AM
    DobbibillDobbibill Forumite, Board Guide
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    Sixth Anniversary 1,000 Posts Mortgage-free Glee! Name Dropper
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    edited 18 July at 9:29AM
    All challenger names have been transferred to a spreadsheet here.
    Please let me know if you prefer the spreadsheet method. I will only update the spreadsheet rather than this post for 5 weeks to see what everyone prefers. Majority preference will win.

    Challenger names will now be held on the spreadsheet as there were no objections to moving to that method of tracking.

    Keep on keeping on
    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.

    It's not about being the best -
    It's about being better than you were yesterday.
  • x_raphael_xxx_raphael_xx Forumite
    3.9K posts
    Part of the Furniture 1,000 Posts Photogenic Debt-free and Proud!
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    Hi Dobbi, thank you for taking up the reins.


    Just popping in to re-post my 2019 goal for the list : £5000 target.
    Current balance...£0 :p
    Debt Free as of 17/01/2009 Turtle Power!!
    Julys NSD's - 16/31 / EF Challenger #3 £4475 / £5000
  • crazy_cat_ladycrazy_cat_lady Forumite
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    Hi Dobbi
    I kind of fell off the face of the Earth with this thread because real life chucked me a real curve ball in the form of a separation and very expensive divorce.
    At the moment I have debt that I need to clear again, but I really do hope to get back on board and save £6000 sooner or later. Much later at the moment as I have nothing but debt to report at the moment.
    NST July Jouster 13
    Pay all your debt off by 2020 #56 £4664.23/£10000
    1% challenge #14 (£26.25) = 20.2%
  • DobbibillDobbibill Forumite, Board Guide
    3.9K posts
    Sixth Anniversary 1,000 Posts Mortgage-free Glee! Name Dropper
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    Hi Dobbi, thank you for taking up the reins.


    Just popping in to re-post my 2019 goal for the list : £5000 target.
    Current balance...£0 :p

    Thanks x_raphael_xx - new 2019 goal, saved on the spreadsheet. Will post them all in post #2 when everyone has updated the shiny new thread.
    Hi Dobbi
    I kind of fell off the face of the Earth with this thread because real life chucked me a real curve ball in the form of a separation and very expensive divorce.
    At the moment I have debt that I need to clear again, but I really do hope to get back on board and save £6000 sooner or later. Much later at the moment as I have nothing but debt to report at the moment.

    Hi crazy_cat_lady.

    Real life has a habit of throwing in those cheeky curve balls and it really can put a wobble on your finances. :(I do hope things get better for you in 2019..

    It sounds like you won't be able to join the challenge just at the moment. If I've misread/misunderstood your post, please correct me. (your future goal of £6k makes me wonder if I've misunderstood :( )

    If this is the case, I can release your number for now and you can rejoin with a shiny new number when you reach your DFD.

    All the best with 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.

    It's not about being the best -
    It's about being better than you were yesterday.
  • crazy_cat_ladycrazy_cat_lady Forumite
    6.6K posts
    Fifth Anniversary 1,000 Posts Photogenic Debt-free and Proud!
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    Yes, that's right Dobbi - I have debt to pay off again before I can start saving. I'll lurk on here and then join in again once I've paid it all off.
    NST July Jouster 13
    Pay all your debt off by 2020 #56 £4664.23/£10000
    1% challenge #14 (£26.25) = 20.2%
  • skye_blueskye_blue Forumite
    199 posts
    Sixth Anniversary 100 Posts
    Hi Dobbi

    Thanks for the offer to run this and best wishes to everyone especially a big thanks to helen for the previous updates

    I was No 29 (skye blue) and would like to continue this year please

    My total so far is £1,800 and I would like to get this up to £3,000 as I will be happy to achieve this along with the other challenges ive set myself

    Thanks again
  • ponypalponypal Forumite
    336 posts
    Third Anniversary 100 Posts Photogenic Debt-free and Proud!
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    Hi Dobbi,


    I don't mind what number I am as I literally joined in December...


    Decided to start with a three month emergency fund goal of £3000... currently I have £320 saved.
    Debt Free since December 2017
    #11 3-6 month Emergency Fund - £1000.00/£3,000.00
  • DobbibillDobbibill Forumite, Board Guide
    3.9K posts
    Sixth Anniversary 1,000 Posts Mortgage-free Glee! Name Dropper
    ✭✭✭✭
    skye_blue wrote: »
    Hi Dobbi

    Thanks for the offer to run this and best wishes to everyone especially a big thanks to helen for the previous updates

    I was No 29 (skye blue) and would like to continue this year please

    My total so far is £1,800 and I would like to get this up to £3,000 as I will be happy to achieve this along with the other challenges ive set myself

    Thanks again


    Great stuff skye blue, spreadsheet updated and number retained. ;)

    ponypal wrote: »
    Hi Dobbi,


    I don't mind what number I am as I literally joined in December...


    Decided to start with a three month emergency fund goal of £3000... currently I have £320 saved.


    Lovely stuff ponypal - Figures updated. I'll see what lower numbers are left at the end of January and see if it's possible to shuffle you up the list somewhere. Until then you are still #114. :D
    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.

    It's not about being the best -
    It's about being better than you were yesterday.
  • Would love to join this please, currently at £1240.19 and would like to get to £10,500
    -£99,152 net worth - scary figure - my diary out of debt!
    Total debt currently stands at £78,812.91
    Get out of debt 2019 #39 - target £26,429 - current = £2395 3-6 month EF challenge #10 - currently at £1,421/£10,500
  • DobbibillDobbibill Forumite, Board Guide
    3.9K posts
    Sixth Anniversary 1,000 Posts Mortgage-free Glee! Name Dropper
    ✭✭✭✭
    Would love to join this please, currently at £1240.19 and would like to get to £10,500


    Hi charliedavis - welcome to the challenge. You are member #10.

    You are doing brilliantly already and well on your way. We're a friendly bunch and will be cheering you on from the side-lines.

    Keep on keeping on.

    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.

    It's not about being the best -
    It's about being better than you were yesterday.
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