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3 - 6 month Emergency Fund Challenge (part 2)

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  • Dobbibill
    Dobbibill Posts: 4,194 Ambassador
    Part of the Furniture 1,000 Posts Mortgage-free Glee! Name Dropper
    Pleased to announce I’ve made it to 50% of my initial target for 3 months’ safety net.
    #34 £3k/£6k 😊

    Well done @t@triple_choc_chip - that's fantastic! It's all about baby steps and you only have to do the same again to get to your goal. We are all cheering you on from the side-lines.
    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.

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  • nyc_451
    nyc_451 Posts: 502 Forumite
    Part of the Furniture 100 Posts Name Dropper Combo Breaker
    #9 currently have £1,400/4,000 saved up, hopefully will not have to withdraw any money within the next month. 

    Next pay check will be for 6 weeks so I will be adding a few hundreds to EF. Do not want to be in a position again where I change jobs with very little money put aside.😑
  • ditty1234
    ditty1234 Posts: 2,123 Forumite
    Sixth Anniversary 1,000 Posts Name Dropper
    #52 checking in I now have £1300 in housing account and £800 in e fund. I had to spend from my e fund, and am prioritising to put £200 in my housing isa every month, just in case! Any case I now have a total of £2100 in savings and I have money for bills and I have money for groceries this month, and booked a holiday, so all in all not too bad. So that is me on just over 30% of my savings for a 3 month e fund. Happy days.
    Isa help to buy: 1000/3000 33%
    Emergency fund: 100/1000 10%
    Weight loose 8.6 kg - while having fun. 0/8.6 0%
    Focus debt to clear HSBC £10/1111, 0% updated May 25
  • PositiveBalance
    PositiveBalance Posts: 1,268 Forumite
    Tenth Anniversary 1,000 Posts Name Dropper Combo Breaker
    edited 6 June 2021 at 9:34AM
    Hello everyone!
    I'm lat reporting in for this month, but I have done it - I have hit my three month emenrgency fund total! :D
    I want to keep going to eventually get to the sixth month total, but I need to put money into the house for now, so I'm going to be reducing the amount I put in the EF a lot each month. It will probably only be £50 a month or similar for the foreseeable.
    I'm glad to have got here, but there is still further to go (with a little rest.)
    Good luck to everyone else! :)

    #45: £3300
    Debt: £11,640.02 paid in full! DFD: 30/06/20
    Starter Emergency Fund (#187): £1000/£1000
    3 month Emergency Fund (#45): £3300/£3300
  • WinterWarrior
    WinterWarrior Posts: 6,103 Forumite
    Ninth Anniversary 1,000 Posts Photogenic Name Dropper
    You are all doing so well ⭐️
    Not all who wander are lost - J.R.R.Tolkien
    🌊 A smooth sea never made a skilled sailor 🌊

    My WW and friends diary is here 😁 … 
    https://forums.moneysavingexpert.com/discussion/6259606/must-try-harder/p1

  • Dobbibill
    Dobbibill Posts: 4,194 Ambassador
    Part of the Furniture 1,000 Posts Mortgage-free Glee! Name Dropper
    Hello everyone!
    I'm lat reporting in for this month, but I have done it - I have hit my three month emenrgency fund total! :D
    I want to keep going to eventually get to the sixth month total, but I need to put money into the house for now, so I'm going to be reducing the amount I put in the EF a lot each month. It will probably only be £50 a month or similar for the foreseeable.
    I'm glad to have got here, but there is still further to go (with a little rest.)
    Good luck to everyone else! :)

    #45: £3300
    Well done @PositiveBalance you have done amazing.
    The spreadsheet has been updated and you are highlighted in bright yellow for reaching your goal. 😇
    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.
  • skye_blue
    skye_blue Posts: 304 Forumite
    Part of the Furniture 100 Posts Name Dropper
    Hi (No 2 here)
    Please could you add £50 for June - a couple of survey payouts and a couple of sales so a bit extra 
    Stay safe everyone, enjoy the sunshine and thanks for the updating
  • Wolfsong12
    Wolfsong12 Posts: 27 Forumite
    10 Posts Name Dropper First Anniversary Photogenic
    #50 checking in :) EF now stands and £5000 B)<3
    EF #313: £5000/£1000, 3-6 Month EFC #50 £5000/£5000 PAYDBX 2021 #34: £7326/£7326
    cc1 £0, cc2 £0, cc3 £0
  • Dobbibill
    Dobbibill Posts: 4,194 Ambassador
    Part of the Furniture 1,000 Posts Mortgage-free Glee! Name Dropper
    #50 checking in :) EF now stands and £5000 B)<3
    Amazing @Wolfsong12 well done 
    You have now been highlighted in yellow for reaching your goal  B)
    I'm sure you will get reassurance from having this savings pot ready for any emergency that you may need it for. 
    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.
  • Wolfsong12
    Wolfsong12 Posts: 27 Forumite
    10 Posts Name Dropper First Anniversary Photogenic
    edited 19 June 2021 at 2:19PM
    Dobbibill said:
    #50 checking in :) EF now stands and £5000 B)<3
    Amazing @Wolfsong12 well done 
    You have now been highlighted in yellow for reaching your goal  B)
    I'm sure you will get reassurance from having this savings pot ready for any emergency that you may need it for. 
    Dobbi ;)

    Thanks @Dobbibill :) I'm so chuffed! All debts cleared now too. Admittedly it helps when you sell your flat but still, I'm taking the win!
    EF #313: £5000/£1000, 3-6 Month EFC #50 £5000/£5000 PAYDBX 2021 #34: £7326/£7326
    cc1 £0, cc2 £0, cc3 £0
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