3 - 6 month Emergency Fund Challenge (part 2)

Makingabobor2

#68 stopping by. Not updated for a while.  EF had to take a bit of a hammering, and it is now down to £585, but as I always say, at least the money was there when there was a problem and we didn't have to resort to credit or borrowing from inlaws etc.  I will now knuckle down and start saving again and am keeping my target at £3K

VioletNewStart

Dobbibill said:

VioletNewStart said:

Hello, if it’s not too late to join this challenge, please can I join?

I am in the process of clearing a lot of debt and also want to start building savings so I no longer rely on credit cards for emergencies.

Current savings - £0
Savings aim by end Dec 2025 - £2500

Welcome aboard!

You are member #85 and I have added you and your goal to the spreadsheet.

keep us updated on your progress - we'll be cheering you on from the sidelines. 

Keep on keeping on. 

Dobbi

Thank you; Dobbi! I wasn’t planning to start saving until June but I think I will try and make a start this month. Will update at month end! 

ditty1234

Hi can I please join again, please update my target to £3000 to cover bumps and dents. I just got a new dishwasher, after 6 months without one and I refurbished my vacuum cleaner, together worth over £400. I have a very old car, couch and other things are worn out as have been in same house for 20 years. 
I currently am back up to £950 so am not quite starting from scratch. 

VioletNewStart

Hi Dobbi,

#85 here. Thanks again for accepting me onto the thread.

I worked out my sums again and think I was being unrealistic with my aim by year end. 

I’d like to amend my emergency savings target to £1500 by the end of 2025. (It’s currently £0).

Thank you!

claremylove

#48 here reporting in that I've managed to get a bit more added to the pot Dobbi so total now £10,520.  Next saving will be the end of the month when I get paid and can skim off any spare.

VioletNewStart

#85 
It’s a small start but this month (May) I have saved £29. (This is my first month of saving so my total is also £29).

Money_Choices

Hi
I’ve set up a direct debit to transfer £100 per month from my current account into a limited withdrawals savings account to get interest.

Money Choices

Dobbibill

Money_Choices said:

Hi
I’ve set up a direct debit to transfer £100 per month from my current account into a limited withdrawals savings account to get interest.

Money Choices

Well done - that's a great way to save as it's done automatically for you. 

Is your signature up to date as it says £700 saved but I don't have that recorded on the sheet but can update it if it's accurate. 

Keep on keeping on

Dobbi

Dobbibill

Hi All, 

We have had no updates since June so I will not continue to run this and will be closing this challenge down but wanted to take this opportunity to say a huge well done to everyone who has taken part over the years. Whether you have saved £1 or £10000 - you have done that so keep on keeping on. 

To anyone who is celebrating Christmas - have a very Merry Christmas & Happy New Year. 
Spend time with people you love making memories and as you go into 2026 continue your savings and be proud of every milestone you achieve. 

Dobbi  

RedLipstick

Merry Christmas and Happy New Year Dobbi, thanks again for running the challenge! xx