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3 - 6 month Emergency Fund Challenge (part 2)

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Comments

  • Hi, can I join please? Goal is £675 to hit my 6 month target.
    #46 3 to 6 month Emergency Fund Challenge: £585 to go
  • Dobbibill
    Dobbibill Posts: 4,194 Ambassador
    Part of the Furniture 1,000 Posts Mortgage-free Glee! Name Dropper
    Hi, can I join please? Goal is £675 to hit my 6 month target.

    Welcome aboard Tortoiseshell20 - you are very member #46.
    I have added your name, number and target to the spreadsheet.
    Keep us updated with your progress - the good and the not so good. We will be cheering you on from the side lines ;)
    There is no rush or timescale so do it at your own pace. It's about doing something rather than doing nothing but not putting pressure on yourself if you need to take out of the fund because that's what it's there for.
    Keep on keeping on
    Dobbi B)
    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.
  • A_Random_Man
    A_Random_Man Posts: 1,167 Forumite
    Seventh Anniversary 1,000 Posts Name Dropper Photogenic
    Quick Update now at £272/£5000 still aggressively paying down car loan once this has cleared will be able to chuck more into it

    Mortgage Amount Outstanding £116,682.20
    2025 Mortgage-Free Wannabes #49 £1401.29/£1,250 (104.74%/100.00%)
  • £350 so now at 2k.  Trying to have 5k ish in the pot by June 21.
    MFW - 01.10.21 £63761   01.10.22 £50962   01.10.23 £39979   01.10.24 £27815. 01.01.25. £17538
    01.03.25 £14794.    01.04.25 £12888
    01.05.25. £11805. 12.05.25  £9997   05.06.25  £8898. 
     01.07.25. £7975  01.08.25 £6968

  • nyc_451
    nyc_451 Posts: 502 Forumite
    Part of the Furniture 100 Posts Name Dropper Combo Breaker
    #9   target of £4,000 achieved  😊
    I'll carry on adding to it when I can and use it towards lease extension in a couple of years, assuming there's no emergency. 
    This thread is great, I'm tempted to come back with a new target for a different fund! Thanks for cheering on and good luck to all you savers. 🙂
  • Dobbibill
    Dobbibill Posts: 4,194 Ambassador
    Part of the Furniture 1,000 Posts Mortgage-free Glee! Name Dropper
    edited 21 August 2020 at 7:49AM
    #9   target of £4,000 achieved  😊
    I'll carry on adding to it when I can and use it towards lease extension in a couple of years, assuming there's no emergency. 
    This thread is great, I'm tempted to come back with a new target for a different fund! Thanks for cheering on and good luck to all you savers. 🙂

    Well done blue_mango - that's fantastic - woohoo B)
    I can create an a & b fund for you if you'd like to come back with a new refreshed target for another fund if you would like to.
    Glad to see the thread has helped with motivation and accountability. You have now been turned bright yellow - this is the 'special' colour for reaching 100% :D
    Always Keep on keeping on
    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.
  • delta13
    delta13 Posts: 322 Forumite
    Sixth Anniversary 100 Posts Name Dropper
    #9   target of £4,000 achieved  😊
    I'll carry on adding to it when I can and use it towards lease extension in a couple of years, assuming there's no emergency. 
    This thread is great, I'm tempted to come back with a new target for a different fund! Thanks for cheering on and good luck to all you savers. 🙂
    Wow well done!
    I've finally reached 10% of my target, now on £542/ £5000
    Save £12k in 2022 = £3705.97/ £7,500 (49%)
    Save £12k in 2021 #76 = £11,857.21/ £10,000 (118%)


  • A_Random_Man
    A_Random_Man Posts: 1,167 Forumite
    Seventh Anniversary 1,000 Posts Name Dropper Photogenic
    Evening all I have to slightly reduce my EF as I have just had some small issues come up on car mot so now I am on £168.60

    Mortgage Amount Outstanding £116,682.20
    2025 Mortgage-Free Wannabes #49 £1401.29/£1,250 (104.74%/100.00%)
  • Dobbibill
    Dobbibill Posts: 4,194 Ambassador
    Part of the Furniture 1,000 Posts Mortgage-free Glee! Name Dropper
    Evening all I have to slightly reduce my EF as I have just had some small issues come up on car mot so now I am on £168.60

    That's exactly what it's therefore - those unforeseen expenses that you hadn't anticipated :wink:


    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.
  • Payday equals another deposit 😀
    #34 £3800/£6000 63%
    Debt Free 🍾 since 6.8.13 £31,997
    Saving for 🎄 🎁 2025 £460/£800 57%
    6 mth 🆘 fund £6k
    Mortgage 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...
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