The £1,000 emergency fund challenge.

Buffythedebtslayer · 18 October 2014 at 7:48PM

I keep thinking I have joined this.

I have an emergency fund but am about to spend all of it. which is freaking me out.

So can I join please?

XX

Eyebright · 19 October 2014 at 6:55AM

DreamerHelen wrote: »

Apologies for not replying before now Eyebright....thank you for your encouragement....I'm really pleased to have a little money saved up.....feels really good!!

How is everyone getting on with their Emergency Fund?

I'm up to £17 and some change.....so I'm really pleased with that...Hopefully can put a little extra in next Week...

I'm still plodding along, and by that I mean waiting until Payday! I have £33.73 in my bank account to last me until Friday. Which should be doable as I have £12 in my purse too. I will be working all week, so there should be no spends! But I also need Christmas presents! So I should try to use this money first for some gifts. I will probably end up rounding down the account this afternoon and putting the 73p into the emergency account! :rotfl:

Nintud wrote: »

:mad: the next emergency has hit.

Pulling down the ceiling revealed that it wasn't just the shower grout letting out water. The toilet also has a leak (not soil pipe thankfully). En suite toilet is now out of use until I can afford a plumber to take the toilet out, check where leak is coming from and fix (May just require a seal redoing).

It never just rains here

This is why we all need an emergency fund folks!!

Oh no, that's terrible Nintud. Hope when a plumber does look at it, that it's a cheap and easy fix. Hugs to you.

Buffythedebtslayer wrote: »

I keep thinking I have joined this.

I have an emergency fund but am about to spend all of it. which is freaking me out.

So can I join please?

XX

Welcome Buffy! I'm sure Patman will see this soon and officially welcome you to our little gang and put your name on the list! It's scary knowing you are about to leave yourself without a money cushion!

DreamerHelen · 19 October 2014 at 9:00AM

Well Eyebright....any extra is extra....so don't worry if you can only put in a small amount to the Emergency Fund....To quote a rather large Supermarket - "Every Little Helps"

I've added another little bit to mine....just rounding down the Bank Account....Hoping to be able to put in a bit extra during the Week...

October_Starter · 19 October 2014 at 10:57AM

Hi Everyone :wave:

Please can I join this challenge? I already have some savings (not sure how much at the moment) which I have been using as an emergency/pay off my loan early stash. I think a challenge like this will make me work harder and I would like to have the £1000 emergency and then seperately a sum to pay off my loan early.

Thank you for inspiring me so much!

October xx

Eyebright · 19 October 2014 at 2:18PM

DreamerHelen wrote: »

Well Eyebright....any extra is extra....so don't worry if you can only put in a small amount to the Emergency Fund....To quote a rather large Supermarket - "Every Little Helps"

I've added another little bit to mine....just rounding down the Bank Account....Hoping to be able to put in a bit extra during the Week...

That's true Helen, all the little bits and bobs will soon add up in the end, and once it makes £10 then that's another 1% closer to the target! (I like breaking it down into smaller, more manageable chunks)

October_Starter wrote: »

Hi Everyone :wave:

Please can I join this challenge? I already have some savings (not sure how much at the moment) which I have been using as an emergency/pay off my loan early stash. I think a challenge like this will make me work harder and I would like to have the £1000 emergency and then seperately a sum to pay off my loan early.

Thank you for inspiring me so much!

October xx

Welcome October, the more the merrier! Patman will allocate you a number and add you to our little group when your post is seen

It's great that you have already made a start on your Emergency fund!

patman99 · 19 October 2014 at 9:26PM

Welcome Buffy & O/S. You now have your allocatted numbers.

DreamerHelen · 20 October 2014 at 3:28AM

Welcome to our new Members....

Ooooooh Eyebright....I definitely like the idea of splitting it into 1% chunks....so it's £10 per 1%? I'm not great at Maths!! LoL

I think I'll go and add that to my Sig so I can keep track of the Percentages....Thanks for that....

Eyebright · 20 October 2014 at 6:12AM

DreamerHelen wrote: »

Welcome to our new Members....

Ooooooh Eyebright....I definitely like the idea of splitting it into 1% chunks....so it's £10 per 1%? I'm not great at Maths!! LoL I think I'll go and add that to my Sig so I can keep track of the Percentages....Thanks for that....

Yup, £10 = 1%. I'm going to update my sig as well, so I can see easily how far I've got/got to go!

Made nearly £50 on ebay now, so will probably put £10 into my emergency account when I get home from work. Another 1% found!

DreamerHelen · 20 October 2014 at 6:23AM

I don't mean to sound REALLY thick....but how do I work out what my exact percentage is that I have achieved? What is the calculation that needs to be done? I'm hopeless with numbers but I'd love to see exactly where I'm at....If you don't mind Eyebright

Right....off to my Placement for the day (I'm currently Training to be a Psychotherapist)...and then I have a new Job to go to tonight...it's a Job that I used to work in and they phoned me on Friday and asked me to come back as they need extra Staff for Christmas....but might last longer than that...so we'll see....

But today is going to be a long old day....I'll be leaving around 8.15am and won't be back home until about 10pm tonight...Still, it should be productive at the very least

See you all later on xXx Keep on Saving Ladies and Gents...xXx

DreamerHelen · 20 October 2014 at 6:24AM

Eyebright...I've updated my Sig as I think I've figured out the Percentage thing....can you let me know if I'm right...Thanks!!

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