3 - 6 month Emergency Fund Challenge (part 2)

skye_blue

Hi No 2 here
Please can you add £250 for Feb 
Stay safe everyone, thanks for updating

claremylove

My £25 DD has gone out of the bank so #48 is now up to £1,177.

MidsHollie

Hi @Dobbibill, I would love to join this challenge please.
I have been saving my "starter emergency fund" of £1000 using a start to save account which has a prize draw attached to it if you save between £50 and £100 per month. I will continue to add to this for the duration of the account (until May 2022 I think), at which point I hope to be debt free. I will then continue to save until I have 3 months of expenses saved: £6000. I might up this to £7500 as I get closer, but my initial goal would be £6000. 
So, on that note, I am currently at £1100 of £6000

Dobbibill

MidsHollie said:

Hi @Dobbibill, I would love to join this challenge please.
I have been saving my "starter emergency fund" of £1000 using a start to save account which has a prize draw attached to it if you save between £50 and £100 per month. I will continue to add to this for the duration of the account (until May 2022 I think), at which point I hope to be debt free. I will then continue to save until I have 3 months of expenses saved: £6000. I might up this to £7500 as I get closer, but my initial goal would be £6000. 
So, on that note, I am currently at £1100 of £6000

Welcome MidsHollie - of course you can join, you are member #51

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

Dobbi

Steameh

#16 now at £1,750 / £6,000

skye_blue

Hi (No 2 here)
Please can you add £50 for March, claimed expenses and topped it up
Stay safe everyone and thanks for updating

Steameh

#16 now at £1,800 / £6,000

PositiveBalance

blue_mango said:

PositiveBalance said:

Thank you @Dobbibill! 😁 I'm trying...I hope to be able to sock away a fair amount at the end of the month. If I'm really, really lucky I might be able to get finish it off in two pay packets. *Crosses fingers* If it stretches to three wage slips, oh well...I still won't have failed! 😁

I just had a look at your signature - well done for paying off your debts and saving 2k!! What are your plans for the spare money once the target is achieved? 

#9 checking in:
 £1,000/£4,000

This is the first month of lower mortgage payment and also no council tax or maintenance fees, so boosted my EF by £900. From next month I will be putting aside £100-200 and saving for driving lessons/car separately. The idea of spending thousands on a car really hurts but I want to have more choices when changing employment. 

Good luck everyone with savings! 

Thank you @blue_mango but spare money?! Hahahaha!

I bought a house five years ago that needs huge amounts of doing up so the idea of spare money is both delightful and laughable. It eats everything I earn.

As to this month's savings...my EF is now up to £2144.06. It would have been more but I was a bit indisciplined at the end of last month and has to take a bit out to cover some expenses I should have foreseen.

I hope I can still get up to the full three months next month,  but we shall see.

                     #45: £2144.06.

nyc_451

@PositiveBalance, at least your money is going towards making your home nicer, you'll be glad once it's done  

#9  currently  £1,100/£4,000 

jennystarpepper

#44   £150 please dobbibill.

Thanks again.