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3 - 6 month Emergency Fund Challenge (part 2)

edited 30 November -1 at 1:00AM in Debt-free Wannabe Challenges
416 replies 31.8K views
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  • MrsMouseMrsMouse Forumite
    60 posts
    10 Posts First Anniversary
    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
  • ponypalponypal Forumite
    343 posts
    Third Anniversary 100 Posts Photogenic Debt-free and Proud!
    ✭✭
    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 - £1000.00/£3,000.00
  • MummyRivettMummyRivett Forumite
    385 posts
    Seventh Anniversary 100 Posts Name Dropper Combo Breaker
    ✭✭
    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 :)
    (#8) Emergency Fund Thread £1,700.00 / £12,000
  • DobbibillDobbibill Forumite, Board Guide
    3.9K posts
    Sixth Anniversary 1,000 Posts Mortgage-free Glee! Name Dropper
    ✭✭✭✭
    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 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.
  • 2Scratters2Scratters Forumite
    63 posts
    10 Posts First Anniversary
    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:D:j
  • skye_blueskye_blue Forumite
    202 posts
    Sixth Anniversary 100 Posts
    ✭✭
    Hi (no 29)

    Hope everyone is keeping warm

    Please can I add £25 again for this week

    Thanks for the updates dobbi
  • MummyRivettMummyRivett Forumite
    385 posts
    Seventh Anniversary 100 Posts Name Dropper Combo Breaker
    ✭✭
    That Friday feeling once again, another £20 transferred to my EF.
    (#8) Emergency Fund Thread £1,700.00 / £12,000
  • ponypalponypal Forumite
    343 posts
    Third Anniversary 100 Posts Photogenic Debt-free and Proud!
    ✭✭
    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 - £1000.00/£3,000.00
  • x_raphael_xxx_raphael_xx Forumite
    3.9K posts
    Part of the Furniture 1,000 Posts Photogenic Debt-free and Proud!
    ✭✭✭✭
    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!!
    Julys NSD's - 16/31 / EF Challenger #3 £4475 / £5000
  • datlexdatlex Forumite
    2.1K posts
    Part of the Furniture 1,000 Posts Combo Breaker Debt-free and Proud!
    ✭✭✭✭
    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.
    Sealed Pot Challenge no 37, Attempting Frugal Living. Became debt free at the end ot 2016. Used savings from becoming debt free to put a deposit on a bungalow last year now working on becoming Mortgage free by overpaying. (without overpayment MFW date is 2036)
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