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3 - 6 month Emergency Fund Challenge (part 2)

edited 30 November -1 at 1:00AM in Debt-free Wannabe Challenges
417 replies 31.9K views
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  • Savvy_sewingSavvy_sewing Forumite
    11.5K posts
    Part of the Furniture 10,000 Posts Rampant Recycler
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    Dobbibill wrote: »
    It's great that you had some emergency funds to use for the debts.

    We'll look forward to you rejoining by/before June with a shiny new number.
    All the best with debt-busting Mooloo - you can do this ;)

    Savings, pension fund that was cashed in, isa and everything I had was thrown at the debts.
    Debt was £13,040.72
    Debt today 3,827.17

    One more savings pot left to transfer out £2265.72
    Leaving me £1,561.45 debt.
    I am hoping that I will pay it by end June. So I will get back to savings, etc all over again.
    The debts were not really mine, but my children needed help and I bailed them out. But they are unable to pay me back so I decided that the interest was stopped faster.
    Scary but I hope that I will get there.
    When I die I will know that I have lived, loved, mattered and made a difference, even if in a small way.
  • Happy to be shuffled. Have used up all my EF. My target is £3000.
    #27-- 2020 1% Challenge
    #270-- The £1000 Emergency Fund Challenge
  • DobbibillDobbibill Forumite, Board Guide
    3.9K posts
    Sixth Anniversary 1,000 Posts Mortgage-free Glee! Name Dropper
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    Happy to be shuffled. Have used up all my EF. My target is £3000.


    Target updated Littlebigmoose - thanks for being ready for the big shuffle ;)
    I look forward to the updates.
    I'm a Board Guide on the Energy, Student Money Saving, UK Armed Forces and
    Local Money Saving - Wales boards. I'm a volunteer to help the boards run smoothly, and I can move and merge posts there.
    Board guides are not moderators and don't read every post. If you spot an abusive or illegal post then please report it to [email protected]. Any views are mine and not the official line of MoneySavingExpert.com.

    It's not about being the best -
    It's about being better than you were yesterday.
  • muppetsmuppets Forumite
    1.4K posts
    Part of the Furniture 1,000 Posts Debt-free and Proud!
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    Can I be added please, will update my figures soon :D I was part of part 1, I don’t mind what number I have.
    PAYDBX 2019 - #01 Pd £4,489.82 / £15,000 - 75.97% 🎉
    SPC12 #59 MFiT-T5 #36
    3-6 mth EF #5
    €2,445 / 11,100
    Mortgage - PD 100,861.55/ 271,495.07 37.15%[ MF was Aug 2038 now Sept 2035 😲
  • DobbibillDobbibill Forumite, Board Guide
    3.9K posts
    Sixth Anniversary 1,000 Posts Mortgage-free Glee! Name Dropper
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    muppets wrote: »
    Can I be added please, will update my figures soon :D I was part of part 1, I don’t mind what number I have.


    Of course muppets - welcome to part 2 :D
    Number shuffle will be the end of the month, thank you for your flexibility. I'll look forward to the updated figures ;)
    Dobbi
    I'm a Board Guide on the Energy, Student Money Saving, UK Armed Forces and
    Local Money Saving - Wales boards. I'm a volunteer to help the boards run smoothly, and I can move and merge posts there.
    Board guides are not moderators and don't read every post. If you spot an abusive or illegal post then please report it to [email protected]. Any views are mine and not the official line of MoneySavingExpert.com.

    It's not about being the best -
    It's about being better than you were yesterday.
  • MummyRivettMummyRivett Forumite
    385 posts
    Seventh Anniversary 100 Posts Name Dropper Combo Breaker
    ✭✭
    I've been looking for a thread on this subject, I'm now in a place to start saving six months salary into the emergency fund. I would love to join.

    I'm currently on a no spend quarter, so hope to have quite a bit stashed away in the first three months.

    I've got £350 saved so far.

    Thank you
    (#8) Emergency Fund Thread £1,700.00 / £12,000
  • edited 16 January 2019 at 10:19PM
    DobbibillDobbibill Forumite, Board Guide
    3.9K posts
    Sixth Anniversary 1,000 Posts Mortgage-free Glee! Name Dropper
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    edited 16 January 2019 at 10:19PM
    I've been looking for a thread on this subject, I'm now in a place to start saving six months salary into the emergency fund. I would love to join.

    I'm currently on a no spend quarter, so hope to have quite a bit stashed away in the first three months.

    I've got £350 saved so far.

    Thank you


    Welcome to the challenge MummyRivett. :hello:

    As this thread was started 3 yrs ago, we are having a shuffle of the numbers at the end of the month to give everyone chance to retain their original (part1) number if they want to.


    Take #52 and if you are happy to, I will see about shuffling down to a lower number in a few weeks if any become available. :D
    Well done on getting £350 already, you are definitely off to a great start.

    ETA - Let me know if you have a goal in mind, we can update that too.


    Dobbi ;)
    I'm a Board Guide on the Energy, Student Money Saving, UK Armed Forces and
    Local Money Saving - Wales boards. I'm a volunteer to help the boards run smoothly, and I can move and merge posts there.
    Board guides are not moderators and don't read every post. If you spot an abusive or illegal post then please report it to [email protected]. Any views are mine and not the official line of MoneySavingExpert.com.

    It's not about being the best -
    It's about being better than you were yesterday.
  • ponypalponypal Forumite
    344 posts
    Third Anniversary 100 Posts Photogenic Debt-free and Proud!
    ✭✭
    Deposited some money and now on £400/£1000 :) Hoping to put some more in when I finally get paid
    Debt Free since December 2017
    #11 3-6 month Emergency Fund - £1000.00/£3,000.00
  • MrsMouseMrsMouse Forumite
    60 posts
    10 Posts First Anniversary
    Hi, new to the forums, and would like to join in please :)
    MrsMouse
    #47 - 2020 MFW 449.29/1200
    #15 - 3/6 month Emergency Fund Challenge 661.89

    2019 ~~ MFW: 1122.33 / EF: £1000
  • MummyRivettMummyRivett Forumite
    385 posts
    Seventh Anniversary 100 Posts Name Dropper Combo Breaker
    ✭✭
    Thank you Dobbi, I am happy to take #52 my 6 month EF would be £12,000, I think it may take me about 18 - 24 months to get there. Thank you
    (#8) Emergency Fund Thread £1,700.00 / £12,000
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