Road To Financial Recovery

FootyFanDan

Monday wasn't as bad as I expected Monday to be, still busy though. We've had a pretty chilled weekend recovering, everyone of us just seems exhausted. Today is payday thanks to monzo, so I need to see if I can do some money shuffling tonight, I might just do it tomorrow. I was pleasantly surprised to go into work today to find that all my three jobs from the weekend, that I had to rush through went without any hiccups so that was a rewarding feeling.

This week I am going to try my best to focus on just getting through each day and taking it has it comes.

Dakota_Rose

Congrats on a not-so-Mondayish Monday. I’m envious as mine proper Mondayed 😂

FootyFanDan

https://forums.moneysavingexpert.com/discussion/comment/82052304#Comment_82052304

you would be surprised at how quickly my week can roll down hill. I will take today has a success and see what tomorrow brings 🤣

BlueJ94

I agree, Monday definitely did not monday as I thought it would! 😂

DancingInTheRain

But here comes Transfer Tuesday to brighten your week! 😂

FootyFanDan

Tuesday felt how my Monday should have felt….BUT that isn't important as nothing ruins Transfer Tuesday 🤣, although this one feels a bit like cheating as its payday I am still counting it though!

Transfer Tuesday

Emergency Fund - £70 added to the pot, this is now at £600

Car Stuff - £50 added to the pot so now sat at £100

Xmas - £50 added to the pot ow sat at £125.

Also sent £100 to the investment pot.

It is really good to be getting to see these numbers slowly moving up.

Dakota_Rose

That emergency fund is building up quickly now!

I love how you’ve got a positive spin on a Tuesday. Now for the rest of the days…

FootyFanDan

@Dakota_Rose Yes that emergency fund is looking good, we also have £100 in our matteress fund too. There is going to come a cross over where a choice is to be made though when I hit £1k across all pots I am going to be soooo tempted to move it all into the emergency fund just to celebrate hitting that target. I must be patient, my goal is 1k by December and I am well on route to that.

daisy_1571

Once you have your various pots filled, you have the correct number of twelfths towards the annual costs, money in replacement of tech and white goods, money in a pot for house maintenance etc etc the need for a 'general' emergency fund fades somewhat as there is less and less that can happen that you havent already accounted for ie even if you have no idea when the fridge will stop you know it will stop at some point so if you have money in a white goods replacement pot then it's not an 'emergency', just a 'somethin that happens' iyswim.

So, I think I'm saying - put it wherever pleases you the most just now 😂 main thing is, you've got it 👏👍️

Dxx

FootyFanDan

https://forums.moneysavingexpert.com/discussion/comment/82053653#Comment_82053653

You are totally right I think at the moment the important bit is that I am now at a point where I am consistent in allocating funds to savings. The reality I suppose is that should anything crop up and I need to take money from other pots to fund the emergency I would. I do think the overall emergency fund is probably not a need - it should really be a divide across areas that we know we will eventually need to replace things.