3 - 6 month Emergency Fund Challenge (part 2)

nyc_451

#9   £3,850/£4,000 

Less income this month so only topped up by £100. Getting there  

A_Random_Man

Hi can I join would be looking for around £5000 in total, this would be around 3 months salary also doing the £1000 ef challenge as well

Dobbibill

A_Random_Man said:

Hi can I join would be looking for around £5000 in total, this would be around 3 months salary also doing the £1000 ef challenge as well

Welcome aboard A_Random_Man - of course you can join.

I have added you to the spreadsheet with your goal. You are member #43.

Keep us updated with how everything is going. There is no race on this challenge - add or takeaway whatever you need. The past few months has definitely taught us the importance of having the fund to use when needed.

Keep on keeping on.

Dobbi

jennystarpepper

Hi all, I would like to join if I may?
Aim is for 6 months fund, this is a minimum we would need to cover all our bills / groceries, £12000 I plan to break this into 3k at a time, so it does not feel like a huge hill to climb, my current fund stands at £1610
We have what i call a 'float', which we use off and on through the month, this covers us for a 5 week payday and other needs so that I can get into the habit of not touching the emergency money, this usually goes from £500 to £800 per month, it gets topped up when used by cutting down on none essentials. 
We have paid off £11400, of CC debt in the last 12 months....   a few of things have happened to us in the last 12 / 18 months to encourage my OH and I to start this fund and have the float.... we lovingly refer to it at home as the ' put your job where the sun don't shine fund',  basically we do not want to be in the position in the future where we feel trapped in a job or circumstance because of money / bills. 
Thanks for reading, I hope I can make a positive contribution the the group. 

Dobbibill

jennystarpepper said:

Hi all, I would like to join if I may?
Aim is for 6 months fund, this is a minimum we would need to cover all our bills / groceries, £12000 I plan to break this into 3k at a time, so it does not feel like a huge hill to climb, my current fund stands at £1610
We have what i call a 'float', which we use off and on through the month, this covers us for a 5 week payday and other needs so that I can get into the habit of not touching the emergency money, this usually goes from £500 to £800 per month, it gets topped up when used by cutting down on none essentials. 
We have paid off £11400, of CC debt in the last 12 months....   a few of things have happened to us in the last 12 / 18 months to encourage my OH and I to start this fund and have the float.... we lovingly refer to it at home as the ' put your job where the sun don't shine fund',  basically we do not want to be in the position in the future where we feel trapped in a job or circumstance because of money / bills. 
Thanks for reading, I hope I can make a positive contribution the the group. 

Hi jennystarpepper - welcome aboard the challenge.

I have added your progress and goal to the spreadsheet - you are member #44 and off to a fantastic start.

Keep us updated with your progress - we will all be cheering you on from the side-lines.

Keep on keeping on.

Dobbi

ponypal

I'm up to £800 quid now... and I have moved it into an interest bearing instant access account... interest is negligible but better then zero

delta13

I'm now up the heady heights of £60 and 1.2% of the target 
I'm waiting for an insurance payout for vet fees - once that comes in and the last dregs of the credit card paid off, the leftovers will hopefully top up my EF!

FrankieM

Hi All

I've just had my redundancy pay come in and that and other savings made over the last few months means that my emergency fund is now fully funded.

Can't tell you what a relief it is to know I have that money to fall back on if required!

Thanks for doing the challenge Dobbi 

2Scratters

Hi Peeps,
love the spread sheet, I am guilty of not popping in. Have been busy squirreling money away, I have unfortunately forgot which account this is attached to. I have found my figure and need to do some searching and come back with an  update.
Great work everyone.

2Scratters

IvysMom

#35 checking in.  Today's total stands at £3434.  Hope you are all well.