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The £1,000 emergency fund challenge.

3.3K replies 343.1K views
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Replies

  • BuffythedebtslayerBuffythedebtslayer Forumite
    16.7K posts
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
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    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
    Debt Free as of 26/07/19 (third time is the charm!)
    Emergency fund 3100/3500 Christmas 700/1200 House Savings target 4282/10000, (H2B 4282/5400), Extra savings = 0
  • EyebrightEyebright Forumite
    1K posts
    Ninth Anniversary Combo Breaker Cashback Cashier
    ✭✭✭
    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... :D

    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.
    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!
    POAYDBX 2020 #? 20/4000
    1 debt vs 100 days #14 20/1000
    Saving for Christmas 2020 50/500
    EF Saving 285/500
  • DreamerHelenDreamerHelen Forumite
    2.6K posts
    Part of the Furniture Combo Breaker I've been Money Tipped!
    ✭✭✭✭
    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" :D


    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... :)
    Committed To Paying Off My Debts AND Saving
    3-6 Month Emergency Fund #1 £0/£6000
    General £1000 Emergency Fund #13 £0/£1000
    Saving For Christmas 2018 £1 per day #13 £0/£500
    MSE Sealed Pot Challenge #089 - £276.70 Banked For 2017/2018 - Stars from SueUU x25 :staradmin
  • 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
    Loan: [STRIKE]6100.00[/STRIKE] 4542.08 ~~ Credit Card: 4231.82 :eek: #20 Emergency Fund: £249.96/£1000 25%!
    LBM 1: (20.08.14) -£5000.00 LBM 2: (25.07.17) -£9750.00 October Goals NSDs: 0/10, Ibs Lost: 0/10, Xtr Income: £0/£50
  • EyebrightEyebright Forumite
    1K posts
    Ninth Anniversary Combo Breaker Cashback Cashier
    ✭✭✭
    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" :D


    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)
    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 :D It's great that you have already made a start on your Emergency fund!
    POAYDBX 2020 #? 20/4000
    1 debt vs 100 days #14 20/1000
    Saving for Christmas 2020 50/500
    EF Saving 285/500
  • Important update! We have recently reviewed and updated our Forum Rules and FAQs. Please take the time to familiarise yourself with the latest version.
  • patman99patman99 Forumite
    8.5K posts
    Part of the Furniture 1,000 Posts Combo Breaker Photogenic
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    Welcome Buffy & O/S. You now have your allocatted numbers.
    Never Knowingly Understood.

    Member #1 of £1,000 challenge - £13.74/ £1000 (that's 1.374%)


    3-6 month EF £0/£3600 (that's 0 days worth)


  • DreamerHelenDreamerHelen Forumite
    2.6K posts
    Part of the Furniture Combo Breaker I've been Money Tipped!
    ✭✭✭✭
    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 :D I think I'll go and add that to my Sig so I can keep track of the Percentages....Thanks for that....
    Committed To Paying Off My Debts AND Saving
    3-6 Month Emergency Fund #1 £0/£6000
    General £1000 Emergency Fund #13 £0/£1000
    Saving For Christmas 2018 £1 per day #13 £0/£500
    MSE Sealed Pot Challenge #089 - £276.70 Banked For 2017/2018 - Stars from SueUU x25 :staradmin
  • EyebrightEyebright Forumite
    1K posts
    Ninth Anniversary Combo Breaker Cashback Cashier
    ✭✭✭
    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 :D 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! :D

    Made nearly £50 on ebay now, so will probably put £10 into my emergency account when I get home from work. Another 1% found!
    POAYDBX 2020 #? 20/4000
    1 debt vs 100 days #14 20/1000
    Saving for Christmas 2020 50/500
    EF Saving 285/500
  • DreamerHelenDreamerHelen Forumite
    2.6K posts
    Part of the Furniture Combo Breaker I've been Money Tipped!
    ✭✭✭✭
    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 :D


    See you all later on xXx Keep on Saving Ladies and Gents...xXx
    Committed To Paying Off My Debts AND Saving
    3-6 Month Emergency Fund #1 £0/£6000
    General £1000 Emergency Fund #13 £0/£1000
    Saving For Christmas 2018 £1 per day #13 £0/£500
    MSE Sealed Pot Challenge #089 - £276.70 Banked For 2017/2018 - Stars from SueUU x25 :staradmin
  • DreamerHelenDreamerHelen Forumite
    2.6K posts
    Part of the Furniture Combo Breaker I've been Money Tipped!
    ✭✭✭✭
    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!! :D
    Committed To Paying Off My Debts AND Saving
    3-6 Month Emergency Fund #1 £0/£6000
    General £1000 Emergency Fund #13 £0/£1000
    Saving For Christmas 2018 £1 per day #13 £0/£500
    MSE Sealed Pot Challenge #089 - £276.70 Banked For 2017/2018 - Stars from SueUU x25 :staradmin
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