The £1,000 emergency fund challenge.

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Comments

  • BettyBoof
    BettyBoof Posts: 258 Forumite
    First Anniversary First Post
    My fund has stalled on only £25.70 - would have been more this month but the car failed its M.O.T! £450 later...

    Still, that's 2.57% of my target which is better than zero! Right?
  • patman99
    patman99 Posts: 8,532 Forumite
    First Anniversary Combo Breaker Photogenic First Post
    Had IIB drop into account, so transferred £30 over to ef. This is now (just) above the £100 mark.
    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)

  • BettyBoof wrote: »
    My fund has stalled on only £25.70 - would have been more this month but the car failed its M.O.T! £450 later...

    Still, that's 2.57% of my target which is better than zero! Right?

    Sorry you've had an expensive month:(

    Cars, eh? Money-guzzlers in every way possible:eek:. My MOT is due in early July and after all the troubles and expenses I've had with my car this past 6 months I'm very nervous. Seems to be running fine at the moment but I'm no expert:o
  • lazer-zxr
    lazer-zxr Posts: 446 Forumite
    First Anniversary Combo Breaker First Post Debt-free and Proud!
    Im there, Im so excited, sorry for being self congratulatory, but I never thought I'd be posting this in June £1000 / £1000 :) ..... now I can really get stuck into this remaining £46k debt..... 10 yrs to go :eek:
  • Well done, lazer-zxr:T. That's a fantastic achievement in such a short time, don't apologise for being so pleased with yourself:)

    I see from your signature that you've got a new car 'pot' developing nicely too. That's what I want more than anything. Good luck with that.

    Wishing you every success now in polishing off your debts:beer:.
  • Muser1
    Muser1 Posts: 795 Forumite
    Well done Lazer :T
    Mortgage Jan 13 99260.00 87253 April 2017
    Emergency fund 700.00
  • patman99
    patman99 Posts: 8,532 Forumite
    First Anniversary Combo Breaker Photogenic First Post
    Nice one lazer. I don't remember you asking to join, so hence you have no EF#. However, that is not important.

    What is, is the fact that you have reached your target. Could you let us know how long it took?.
    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)

  • Trixxibell
    Trixxibell Posts: 699 Forumite
    First Anniversary Combo Breaker Car Insurance Carver!
    Hi all,

    #4 here, I have reached my £1,000 mark today! My exact figure is £1030!! Thanks you all on here, even though I don't post often I do read. Knowing your not the only one reaching for a goal really helps xxx

    I'm off to do my next challenge which will help shift my debt xxx I will still pop in on here though xx
    3rd LBM July 2014: Debt [STRIKE]£31,416.68[/STRIKE] Down To: [STRIKE] £23,403.43[/STRIKE] [STRIKE]15th July: £25,709.83[/STRIKE] 26th March: £31,229.68
    CC £0 :j WFTC £1660, SLC £6600, Car £18,654, Emergency Fund £1,000 :T
  • patman99
    patman99 Posts: 8,532 Forumite
    First Anniversary Combo Breaker Photogenic First Post
    Well done on reaching the target. Good luck with hitting those debts.

    Final bill for car was £206 so will pay that tomorrow. Have transferred a big whack across to my EF. It now stands at £288.64. Well pleased with that.
    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)

  • Wow - a huge well done to both Lazer and Trixxibell :beer:

    Patman well done on the big transfer - bill for the car wasn't too bad! :D


    Well folks .... I'm going to have to dip into my EF for my car tax :o I do have a car budgeting pot but it's really not recovered from having to change car last year - and as if that wasn't a big enough expense, I also had to buy a 2nd set of wheels & tyres (which def weren't in the budget as the ones on the old car should've lasted another 2 years .... they just didn't fit the new one!) - anyway, it ended up with a huge negative balance (I had to borrow from other pots) and it's really only just recovering .....

    I've scrapped together £30 from my coin pots but still £100 short and it seems a logical option to use the EF - rather than the OD!


    So that's my EF pot down to £375 ......

    On the plus side, I got my car booked in for its service when I'm on hols (garage is about 25 miles away - although they will collect / drop off from my work :T) so I'll just wait for it (about 1.5 hours) and then I can pop into town!
    Grocery Challenge £211/£455 (01/01-31/03)
    2016 Sell: £125/£250
    £1,000 Emergency Fund Challenge #78 £3.96 / £1,000
    Vet Fund: £410.93 / £1,000
    Debt free & determined to stay that way!
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