3 - 6 month Emergency Fund Challenge (part 2)

Dobbibill

outoftheviciouscircle said:

Could I join please. I’m looking to save £10,000

welcome the challenge outoftheviciouscircle good to have you on board - you are #36.

Well done to everyone who is still adding to their funds - I've updated post #2 now.

Keep on keeping on.

Dobbi

x_raphael_xx

#3 Checking in.

£2850 / £5000

Dobbibill

Hi All,

Rather than keep updating post #2 I'm looking to add a spreadsheet instead.

This link should give you 'view only' access.

Can you let me know which you prefer please?

Keep on keeping on

Dobbi

Dandytf

@Dobbibill
Please re add Dandytf.
New rules caught up with 1st emergency fund attempt, though lots of progress is being made during dmp final year or two.
Managed to keep 325 soon to be 375 pounds going into help2save years 3+4.
So If I'm re added, I'll consider 375 as my starting point.
t.i.a.

MummyRivett

Hello Everyone,
I'm trying to work out how much I'm going to be paid this month, I was furloughed in April so I am going to have a hit on my May salary.  I get paid on the 10th of each month, I always do my budget for the month on the Sunday before payday.

I may not be able to save as much as I want to, but I am going for £400 into the Emergency Fund when I get paid on Friday, that will be a mixture of the remaining balance for April plus a percentage of my "Pay Yourself First" amount the Emergency Fund. 

I am still saving 15% of my salary into company pension scheme, £100 into Stocks & Shares ISA, £100 into Christmas Sinking Fund and £15 into Disney+ and Amazon Prime Sinking Fund.  I am not spending any money at the moment and over the past month we have saved £777 a year on our Sky package and £168 a year on our energy bills.   We are just leaving the savings in our Mortgage & Facilities account to  build up so that we can get 3 months ahead of the bills, this will be on top of our Emergency Fund with a joint financial goal of no longer living pay cheque to pay cheque.

I just wanted to share this here as I know you all understand, when I talk to my friends about this, they glaze over.  Thank you for being here for me.

Leanne x

ponypal

Put in £100 on payday take care all, Dobbibill - a spreadsheet might work!

MummyRivett

Dobbibill said:

Hi All,

Rather than keep updating post #2 I'm looking to add a spreadsheet instead.

This link should give you 'view only' access.

Can you let me know which you prefer please?

Keep on keeping on

Dobbi

Great idea, 
It makes it easier and we can bookmark the link.
Thank you @Dobbibill you are doing a great job at keeping us in check.

triple_choc_chip

Dobbibill said:

Hi All,

Rather than keep updating post #2 I'm looking to add a spreadsheet instead.

This link should give you 'view only' access.

Can you let me know which you prefer please?

Keep on keeping on

Dobbi

I like it! and as MummyRivett suggested, I’ve bookmarked it.  Thanks both 

skinnylove

#33 skinnylove - Please can you amend my goal to £5400, down from £6000. I've worked out that this is 3 months expenses.

Dobbibill

Dandytf said:

@Dobbibill
Please re add Dandytf.
New rules caught up with 1st emergency fund attempt, though lots of progress is being made during dmp final year or two.
Managed to keep 325 soon to be 375 pounds going into help2save years 3+4.
So If I'm re added, I'll consider 375 as my starting point.
t.i.a.

Welcome to the challenge Dandytf - you are member #37

Keep at it with the DMP, you can do it

Dobbi