The £1,000 emergency fund challenge.

patman99 · 5 July 2015 at 12:39PM

SVC what did you end up buying car-wise ?.

Well, managed to enjoy the sunshine yesterday, but I had spent the last 2.5 days at work painting the boss's office and part of a corridor. The office wasn't too bad as dhe has windows on two walls so had a nice breeze.
The entrance corridor however has no windows in the section I was working in and there is no way I could have had the front doors propped open as some of the residents would have escaped.

Money-wise, nothing into the ef this week as all my mnthlies came out on the 1st, so my main account dropped belowed £1k.

[Deleted User] · 5 July 2015 at 1:25PM

so very confused, I'm so happy for you that you are enjoying driving again now you have bitten the bullet and bought the car:T. Hopefully, I'll be in the same situation one of these days although (everything crossed) my car is going well at the moment:j.

Had to take OH for a hospital procedure yesterday morning (in my car)and he actually complimented me on the smooth journey. I don't think he meant my driving:o, he genuinely thought the car was running well:T. MOT booked in a few days so we'll see what happens there.

Muser1 · 5 July 2015 at 1:31PM

Thankyou all! I can 100% say I would not have done this without this thread.

Bobarella · 5 July 2015 at 1:58PM

Thanks very much too. I would probably have stopped at £500 before so I think this has been a great stretch challenge.

myamyamoo · 5 July 2015 at 9:59PM

Hello everyone
I just wanted to say well done and congratulations on your achievements so far. I think you are all amazing and inspiring.
I have been unofficially joining in and am exactly halfway there....never would have saved so much but it's a wonderful feeling knowing that I have a cushion behind me in case any Murphy's arrive.
Anyway keep going....we can...we WILL do this!

so_very_confused · 5 July 2015 at 10:40PM

Hi Patman I bought a toyota yaris, I've had one before and they are brilliant for reliability and going on forever.
54 plate but one owner, fsh and only 61000 on it! They also gave me a good deal on the rust bucket which was worth very little, so i was delighted.

Hope the mot goes well carbooty. You will get there with the car, probably the same way I did...... No other choice:rotfl:

Cheers svc

Magsnoodle · 6 July 2015 at 9:08AM

Morning all. Well despite great intentions and listening to Dave Ramsey like a demonic thing - much to OHs disgust - I have put a tiny bit more into the EF and have now reached over the £25 mark - 2.5% woo hoo!!! I have been paying down my debts though so shouldn't complain but I must admit every day when I listen to the lovely Dave I think about the what ifs? I've thrown so much into paying back things - mortgage next after this - that I keep thinking that if there was an emergency how would I fund it? Need to get the EF sorted by Christmas as a just in case. The 16 year old car on the drive is probably thinking it needs a rest soon.... possibly permanently although I do intend to drive it into the ground first....

Have a great week everyone and enjoy the sunshine

TTFN xxx

[Deleted User] · 6 July 2015 at 10:47AM

Welldone, Magsnoodle :T. Even though you don't think you've made much so far you've made a start after being committed to paying down debts. I try to pay debts off like a mad woman but since discovering this thread have come to realise that, like a lot of us, we're in dangerous territory when life throws something nasty at us and we have no available money to put things right. An EF is the only way to go IMO:)

I'd never heard of Dave Ramsey before:o until patman mentioned him as the inspiration for starting this thread, and now I keep seeing him mentioned all over the place. Have never actually heard him speaking though, I assume he does a radio show/slot on someone else's. Regularly too as you are listening to him a lot:rotfl:. Please can you tell me where I can find him?

MrsSave · 6 July 2015 at 9:30PM

I haven't updated for a while.

My emergency fund currently stands at £282.39 and it looks like I'll be able to increase it over the next few months by a nice little sum. Work is guaranteed until the end of October at the moment, so will be nice to have a little bit put to one side in case it gets all quiet!

MrsSave · 7 July 2015 at 7:12AM

After saying that last night, some money I was waiting for has come in over night, which means I now have £482.39 in my Emergency fund. I'm just waiting for my tax rebate to come through now (fingers crossed!!) so that I can add more again!

The £1,000 emergency fund challenge.

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