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3 - 6 month Emergency Fund Challenge (part 2)

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  • MrsMouse
    MrsMouse Posts: 61 Forumite
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    Hi Dobbi


    Can you please note my goal as 16000. I figure I will go for 6 months plus some extra. It's going to take a long time, so I plan to get my emergency fund challenge sorted first, and then start building this up, and evaluate progress at year end. Thank you:j
    MrsMouse
    #47 - 2020 MFW 449.29/1200
    #15 - 3/6 month Emergency Fund Challenge 661.89

    2019 ~~ MFW: 1122.33 / EF: £1000
  • ponypal
    ponypal Posts: 416 Forumite
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    Closed down a bank account I didn't need anymore and put £100 of it into my EF so now on £500 :)
    Debt Free since December 2017#11 3-6 month Emergency Fund - £3,207.08/£6,000.00
  • MummyRivett
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    Happy Friday everyone, it is that time of the week when I transfer £20 out of my current account into my Emergency fund. £480 now :)
    • MSE Forum Achievements:
    • Debt-free & Proud - December 2014
    • Fully Funded 12 Month Emergency Fund - December 2020
    • Current Challenges: No Spend Challenge 2023
    • January NSD: 16/25
  • Dobbibill
    Dobbibill Posts: 4,138 Ambassador
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    I'm away for a few days from tomorrow so if I don't reply please don't think you're being ignored.

    I will do a full update including the number shuffle when I get back.



    Keep on keeping on :D
    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.

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  • 2Scratters
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    I need to do this. Find a little online savings account and dedicate it to this. I will start with 100.
    Anything is better than nothing-check back and see On the declutter journey 2023 with Mrs SD Tilly Tidy 2023 YTD 14.98
  • skye_blue
    skye_blue Posts: 301 Forumite
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    Hi (no 29)

    Hope everyone is keeping warm

    Please can I add £25 again for this week

    Thanks for the updates dobbi
  • MummyRivett
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    That Friday feeling once again, another £20 transferred to my EF.
    • MSE Forum Achievements:
    • Debt-free & Proud - December 2014
    • Fully Funded 12 Month Emergency Fund - December 2020
    • Current Challenges: No Spend Challenge 2023
    • January NSD: 16/25
  • ponypal
    ponypal Posts: 416 Forumite
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    Thanks Dobbibill! I think I should keep it at £3000 to keep motivated - I have managed to add £100 on payday after doing a no spend January so now at £600
    Debt Free since December 2017#11 3-6 month Emergency Fund - £3,207.08/£6,000.00
  • x_raphael_xx
    x_raphael_xx Posts: 4,342 Forumite
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    I've joined Deliveroo to help with my triathalon training (definately been racking up some hilly miles) I'm putting all my 'wages' into my EF, as I work full time anyway so this is extra pennies.


    £70.35 paid in last week
    £110.13 paid in this week (includes a £50 referal fee from my brothers code)


    EF total £242.75/£5000
    Debt Free as of 17/01/2009 Turtle Power!!

    EF Challenger #3 £1009.83 / £5000
    MFW 2024 #100 £800.00 / £10,000

    MFiT #40 Jan 2025 Target - £99,999.00
    Mortgage at 30/09/22 £113,694.11 | Mortgage at 24/01/23 £110,707.87
    Mortgage at 21/04/23 £107,701.01 | Mortgage at 20/07/23 £106,979.65
    Mortgage at 04/10/23 £106,253.77 | Mortgage at 10/01/24 £105,324.57
    Mortgage at 01/04/24 £104,424.73 | Mortgage at 01/07/24 £
  • datlex
    datlex Posts: 2,240 Forumite
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    Haven't been very observant, only just realised this is not the original 3-6 months thread. Can however see the sense of a new one. Looking at finances for next financial year, a couple of bills have come through already so I know what those will be for next year. Expecting a few more changes as well. Once I get those I can look at how much to put towards this savings next year. Looking at reviewing how I organise my finances. Not too sure how yet. Currently I make one weekly payment from my salary account to an account from which is distributed throughout the month to accounts I make payments from. That account has £1500 in it. I am considering adjusting the monthly payment so that it is either sent direct to the relevant accounts or to a new holding account. Just need to go through the sums.
    Paid off the last of my unsecured debts in 2016. Then saved up and bought a property. Current aim is to pay off my mortgage as early as possible. Currently over paying every month. Mortgage due to be paid off in 2036 hoping to get it paid off much earlier. Set up my own bespoke spreadsheet to manage my money.
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