Total debt when my journey began in December 2022- £66,133.42
Current debt May 2024- £40,064.57
Repaid 39.42%
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3 - 6 month Emergency Fund Challenge (part 2)
Comments
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IvysMom said:Is it too late to join this challenge? I'm looking to save £18000 for my E/F. Currently at £1234 so a long way to go.It's never too late to start saving!
Welcome.#3 Checking in.We have lost a lot of staff in work, I'm one of the lucky ones still there. Been able to keep trickling pennies into my pot.£2575 / £5000Debt Free as of 17/01/2009 Turtle Power!!
EF Challenger #3 £1543.72 / £5000
MFW 2024 #100 £1300.00 / £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
Mortgage at 01/04/24 £104,424.73 | Mortgage at 01/10/24 £103,594.981 -
IvysMom said:Is it too late to join this challenge? I'm looking to save £18000 for my E/F. Currently at £1234 so a long way to go.Welcome to the challenge IvysMom - it's never too late to join.I've added you to the spreadsheet and post #2 - you are member #35.Feel free to update as often as you like - you are already off to a brilliant start.DobbiI’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.0 -
#9 Target hit - £7,200/£7,200
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#35 update £1734/£18000
Thank you for letting me join 1 -
#22 checking in. I must have missed a couple of updates. Our total is now £5,300/£10,000
Thank you for keeping this thread going!1 -
Hello no. 21 checking in....at 22800/22800 so 100%. Wooohh!!!Now can save more for fertility treatment.2
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katsoocam said:Hello no. 21 checking in....at 22800/22800 so 100%. Wooohh!!!Now can save more for fertility treatment.Well done katsoocam - excellent acheivement in these challenging times.Brilliant news
Huge well done to everyone else who is able to add to their funds.If you need to use it, that's what its there for. We are in strange times and some will need to use it, other will be able to continue adding to it but whatever happens for you, it proves that this is without a doubt, worthwhile having this type of emergency fund.Stay safe 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.0 -
Haven't posted for a while. Been gradually building up funds. Currently across accounts I have my initial 3 month target of £2500. So can you adjust my target to £3300 approx. 4 months worth. (I rather break it down as it seems easier to achieve.)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.0
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Could I join please. I’m looking to save £10,0000
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Monthly update after being paid: # 34 £1800/£6000. I won’t get there this year but should get half way.Debt Free 🍾 since 6.8.13 £31,997Saving for 🎄 🎁 2025 £460/£800 57%6 mth 🆘 fund £6kMortgage offset fund £24.7k/£40.3k 61.3%It turns out the answer to my problems wasn’t at the bottom of this tub of ice-cream, 🍨 but the important thing is that I tried...0
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