The £1,000 emergency fund challenge.

claremylove · 1 October 2019 at 8:26PM

My direct debit has gone out so a further £25 has been added to my emergency fund. That means that #232 is now up to £327 - that's just under a third of the way there :j. Happy days

aimeemum · 3 October 2019 at 12:23PM

#288 - Update from me now that it's October.

Currently I only have £13.45 in my EF account, but I do also have about £60 in savings 'sinking funds' for things that I've started now that my debts are all but gone and 100% under control. My EF is getting a regular payment weekly, plus all pennies are being rounded whenever there is a bill that comes out. If I'm honest, so far this month money is giving me kittens - I think it's because we've changed emphasis and now I feel like we 'should' have more money than what we do...I've re-done my budget which I work to zero so every £1 has a job. Hubby seems to think that we have loads of money to spend, but what I keep saying is that we have dug ourselves out of the hole, now we need to build ourselves up. 1st target is my £1000 EF plus making sure we pay cash for Christmas :eek: which we have NEVER been able to do before, not without seeing ourselves very short in other departments.

stormpassing · 5 October 2019 at 11:11PM

Hello all, checking back in after a ridiculously long absence!! Anyway I’m back on the savings wagon again so current total for #141 is £151.12/£1000

aimeemum · 7 October 2019 at 12:40PM

#288 mine has just been wiped out becuase the car decided to develop an issue and need a part costing me £68.....had £78 in my savings/EF and after using the last £10 to get my guinea pigs a couple of much needed new things....iI'm wiped out. Roll on Thursday when I can start the replenishment!

dreambig19 · 7 October 2019 at 3:29PM

Hello, can I join in with this please?
If so my current total savings towards my EF is £50.
Thank you - R

MindsetChange · 8 October 2019 at 8:27PM

293 checking in. Have been having a very un-MSE few weeks so not making much debt busting progress.
A couple of delay repay payments have trickled through.
EF: 65.60/1000

patman99 · 13 October 2019 at 10:05PM

Welcome to member #297, dreambig19.

Had an eye test this week, so £40 spent. This is the first time I have had to pay for an eye test as I used to be exempt due to having to wear glasses with complex lenses. Cataract surgery back in 2011 cured this, but the opticians I started to use still filed the NHS form for free site tests.
Their logic was that even though I no longer needed glasses as my right eye was non-functional, it would still require a complex lense to correct the vision due.

Still, I did at least put £2.60 into my EF and have a load more to deposit at home.

PositiveBalance · 15 October 2019 at 11:57AM

Hello everyone,

I've had to take £300 out of my EF as I couldn't physically access my other savings to take £250 out of them and £50 from the EF to make up the money for the emergency, so my EF now stands at £200.

#187 £200/£1000

I hope to make it back up to £500 or thereabouts on payday.

aimeemum · 21 October 2019 at 2:36PM

Replenishment has begun!! 2 paydays - and I've put £50 into my 'fund'. Who knew that having no debts would make it easier to save!! :rotfl: I've never had £50 in it EVER!!!!

Betharooni · 27 October 2019 at 2:44PM

Hi all

Can I please join this challenge? Have been attempting to start an emergency fund for a few months but keep overspending and pulling the money back into my main account. Have rejigged my finances to properly start my emergency fund and currently have £41.14 in the account I have set aside for it. Have spent the last few days reading all 155 pages and have picked up some ideas and looking forward to putting them into practice.

The £1,000 emergency fund challenge.

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