3 - 6 month Emergency Fund Challenge (part 2)

delta13

Hiya, may I please join? I am currently saving for a deposit for a house and am very close to my target, but very much aware that I have nothing else set aside for an emergency fund, apart from a credit card! 
I'm looking to save £5000 to start with - that's 3 months worth of wages/ 6 months of expenses. It'll take me a while but I've just put in £10 to get me going

Confabulate

Hi delta13!  I'm in a similar position, in that I'm trying to save for both a house deposit and an emergency fund, but for me it's my house deposit that currently has only £10 in it!  Still, that's £10 more than we had saved before, right?  

Dobbibill

delta13 said:

Hiya, may I please join? I am currently saving for a deposit for a house and am very close to my target, but very much aware that I have nothing else set aside for an emergency fund, apart from a credit card! 
I'm looking to save £5000 to start with - that's 3 months worth of wages/ 6 months of expenses. It'll take me a while but I've just put in £10 to get me going

Of course you can join delta13 - welcome aboard.

The spreadsheet is updated now with your goal and progress, you are member #42

Keep us updated on things but remember there is no pressure here to do it in a specific time, it's in your own time and if you need to use it well that's what it's there for

Keep on keeping on

Dobbi

delta13

Confabulate said:

Hi delta13!  I'm in a similar position, in that I'm trying to save for both a house deposit and an emergency fund, but for me it's my house deposit that currently has only £10 in it!  Still, that's £10 more than we had saved before, right?  

You're right! Something is better than nothing
Thanks @Dobbibill - I've added my details to my signature so I am reminded and hold myself accountable

MummyRivett

Hello Everyone,

As mentioned, my furlough payments were not reduced in April, May and June so a had a huge reduction in my salary for June and had to pause and dip into my Emergency Fund, for June, which I did foresee happening.  Reducing June to £1,100.00.  The good news is I returned to work on 15 June and today is pay day.  I am back on full salary and have put back £600 into the Emergency Fund bringing my total to £1,700.00. 

(#8) Emergency Fund Thread £1,700.00 / £12,000

I am so encouraged by the updates of this group, keep up the savings and thank you @Dobbibill for your continued support and work behind the scenes.

Leanne x

ditty1234

Hi just want to say how awed I am by you guys. I'm not joining as I'm on the £1000page and while I have now got that I am about to spend all that and more on something important, but once that is done I will be back saving for a £6000 EF and £6000 housing deposit, but for now I'm just looking for inspiration. 

Dobbibill

ditty1234 said:

Hi just want to say how awed I am by you guys. I'm not joining as I'm on the £1000page and while I have now got that I am about to spend all that and more on something important, but once that is done I will be back saving for a £6000 EF and £6000 housing deposit, but for now I'm just looking for inspiration. 

Hi ditty1234 - well done on being part of the £1000 challenge. Small steps are always better than no steps.

I think my signature sums up my inspiration - 'it's not about being the best, it's about being better than you were yesterday'. As long as you are trying to get there, no matter how big or small you can manage then you are going in the right direction.

Keep at it - or as I say on here - Keep on, keeping on.

All the best.

Dobbi

ponypal

I got a tax rebate and also was paid for some freelance work, so I have stuck money into my EF and have £700 in there for the moment. I paid off a small loan to my partner so going forward I am going to really try and save as much as I can into my EF.

Confabulate

Had some extra money to pay in to the bank so that's £460 added to my EF pot!  Brings me up to £1419.25 in total.    
Hope everyone else has had a good Monday.

x_raphael_xx

#3 Checking in.

Whoops! Looks like I haven't updated in a while!

I've been one of the lucky few to have kept my job all through lockdown, and not being able to do my usual hobbies like my weekly music lesson has actually saved me money.

My total is now £4475 / £5000.

I will be using £3450 of this to get braces in September (been waiting since January) but I aim to keep topping it up as much as possible before then. £5000 is still the end goal!