3 - 6 month Emergency Fund Challenge (part 2)

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  • Dobbibill
    Dobbibill Posts: 4,135 Ambassador
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    Another update done for you both.

    Keep on keeping on.

    Dobbi :D
    I’m a Forum Ambassador and I support the Forum Team on the Budgeting & Bank Accounts, Credit Cards, Credit File & Ratings and Energy boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.

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  • x_raphael_xx
    x_raphael_xx Posts: 4,319 Forumite
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    £42.95 more D-roo wages added.

    £432.88/£5000
    Debt Free as of 17/01/2009 Turtle Power!!

    EF Challenger #3 £138.36 / £5000
    MFW 2024 #100 £00.00 / £10,000

    MFiT #40 Jan 2025 Target - £99,999.00
    Mortgage at 30/09/22 £113,694.11 | Mortgage at 24/01/23 £110,707.87
    Mortgage at 21/04/23 £107,701.01 | Mortgage at 20/07/23 £106,979.65
    Mortgage at 04/10/23 £106,253.77 | Mortgage at 10/01/24 £105,324.57
  • datlex
    datlex Posts: 2,239 Forumite
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    I'm taking a slightly different approach to this. I have various accounts which I use to pay bills at present, in order to spread out the direct debits to get the rewards. I'm aiming for the 3 to 6 months in each of these accounts. It means some will get there sooner than others, simply due to the amount of money required to meet the monthly payments on each. (This is on top of the £1500 I have sat in an account).
    Paid off the last of my unsecured debts in 2016. Then saved up and bought a property. Current aim is to pay off my mortgage as early as possible. Currently over paying every month. Mortgage due to be paid off in 2036 hoping to get it paid off much earlier. Set up my own bespoke spreadsheet to manage my money.
  • Dobbibill
    Dobbibill Posts: 4,135 Ambassador
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    x_raphael_xx wrote: »
    £42.95 more D-roo wages added.

    £432.88/£5000
    post #2 updated with your new total. A huge jump up to 8.66% ,well done x_raphael_xx


    datlex wrote: »
    I'm taking a slightly different approach to this. I have various accounts which I use to pay bills at present, in order to spread out the direct debits to get the rewards. I'm aiming for the 3 to 6 months in each of these accounts. It means some will get there sooner than others, simply due to the amount of money required to meet the monthly payments on each. (This is on top of the £1500 I have sat in an account).


    This challenge is all about getting there the best way you can. It looks like you have a good plan there with the different accounts and criteria to earn rewards. Keep up the good work datlex.



    Dobbi
    I’m a Forum Ambassador and I support the Forum Team on the Budgeting & Bank Accounts, Credit Cards, Credit File & Ratings and Energy boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.

    If you can't be the best -
    Just be better than you were yesterday.
  • MrsMouse
    MrsMouse Posts: 61 Forumite
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    #15 checking in with £35.00 for March please dobbi. What a difference it makes having it set up as a DD :)
    MrsMouse
    #47 - 2020 MFW 449.29/1200
    #15 - 3/6 month Emergency Fund Challenge 661.89

    2019 ~~ MFW: 1122.33 / EF: £1000
  • x_raphael_xx
    x_raphael_xx Posts: 4,319 Forumite
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    £32.69 added to EF


    £465.57/£5000


    Almost 10% of the way there :D
    Debt Free as of 17/01/2009 Turtle Power!!

    EF Challenger #3 £138.36 / £5000
    MFW 2024 #100 £00.00 / £10,000

    MFiT #40 Jan 2025 Target - £99,999.00
    Mortgage at 30/09/22 £113,694.11 | Mortgage at 24/01/23 £110,707.87
    Mortgage at 21/04/23 £107,701.01 | Mortgage at 20/07/23 £106,979.65
    Mortgage at 04/10/23 £106,253.77 | Mortgage at 10/01/24 £105,324.57
  • Dobbibill
    Dobbibill Posts: 4,135 Ambassador
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    MrsMouse wrote: »
    #15 checking in with £35.00 for March please dobbi. What a difference it makes having it set up as a DD :)


    #post2 - All updated for you MrsMouse :D
    apologies for the delay doing the update, I went away for a few days.

    x_raphael_xx wrote: »
    £32.69 added to EF

    £465.57/£5000

    Almost 10% of the way there :D


    Very close to the 10% mark now x_raphael_xx.....9.31%already;)
    your creeping up slowly but surely - I'm sure you are just around the corner from double figures.



    Keep on keeping on everyone.


    Dobbi
    I’m a Forum Ambassador and I support the Forum Team on the Budgeting & Bank Accounts, Credit Cards, Credit File & Ratings and Energy boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.

    If you can't be the best -
    Just be better than you were yesterday.
  • nyc_451
    nyc_451 Posts: 502 Forumite
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    #9 £1000/£3000

    I have been lucky to find a new lodger so the first rent went to my EF. Future payments will be used for something else, I have some plans to enjoy myself a little bit as being too tight is making me miserable...

    Having 1k of emergency money makes me feel at ease. I'm also thinking of getting an income protection plan.

    Happy savings to everyone! :)
  • System
    System Posts: 178,094 Community Admin
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    Oh my gosh, I’m getting confused *facepalm* thank you for letting me know, I’m such a ditz lol. Could I join in please?
  • Dobbibill
    Dobbibill Posts: 4,135 Ambassador
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    Moneybutterfly35 wrote: »
    Oh my gosh, I’m getting confused *facepalm* thank you for letting me know, I’m such a ditz lol. Could I join in please?


    Of course you can join Moneybutterfly35 and welcome aboard. :hello:

    You are #19. Do you have a goal in mind?

    Keep us updated with the progress no matter how big or small, every £ can make a difference.

    All the best
    Dobbi
    I’m a Forum Ambassador and I support the Forum Team on the Budgeting & Bank Accounts, Credit Cards, Credit File & Ratings and Energy boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.

    If you can't be the best -
    Just be better than you were yesterday.
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