The £1,000 emergency fund challenge.

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  • MrsSave
    MrsSave Posts: 1,817 Forumite
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    patman99 wrote: »
    Just spent the last 2 hours bringing my YNAB up to date.
    Didn't realise that I hadn't updated it since mid-March.

    Eeeeek! I don't do it often enough on the laptop, but just keep an eye on the iPad! Really should reconcile again!

    I've had a couple of eBay sales today, which means I can add £12.16 to the emergency fund. It now stands at £1131.74.
    Starting a new debt free journey
    Starting Debt: £5,250
    Current Debt: £4,995.50
    Amount Paid: £254.50 Percentage Paid: 4.84%
    Emergency Fund: £350
  • MrsSave
    MrsSave Posts: 1,817 Forumite
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    Oooops, was too keen and posted too quickly! Another £1.04 from eBay after fees/posting, etc. which brings the emergency fund to £1132.78.

    Roll on September now.....dh gets a bonus every 3 months, and he is hopeful that september's should be a few hundred. Fingers crossed!!
    Starting a new debt free journey
    Starting Debt: £5,250
    Current Debt: £4,995.50
    Amount Paid: £254.50 Percentage Paid: 4.84%
    Emergency Fund: £350
  • twiggy86
    twiggy86 Posts: 2,137 Forumite
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    Well my EF is taking a small hit today but I'm just thankful I have it in place as the boiler packed up this morning. Have cover but didn't realise it needed an annual service - so £96 to service it before they'll then repair it.
    Starting again..
  • amber03
    amber03 Posts: 1,238 Forumite
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    Hi guys No. 108 updating, had a good couple of payments and total now standing at £416.87. Nearly halfway there.Think I will continue and have the three month salary amount put away for emergencies. Will take abit of doing but am determined.x
    :j Debtfree and and staying that way.:j3-6 month emergency fund, No.61 £140.00
  • *snow*white*
    *snow*white* Posts: 142 Forumite
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    £30 into the fund so up to £150 now yay.

    Did not think would be able to put anymore in this month so this has made me very happy :D.
    NST#14/2
  • Grabs39
    Grabs39 Posts: 364 Forumite
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    Can I join in please?

    I've put some of my overtime this month to one side (the rest will pay off debt)... A princely £25 to get me started :j
  • Tinkerbelle2000
    Tinkerbelle2000 Posts: 597 Forumite
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    Hi could I join too please. Have £100 that has been sat in a savings account for nearly two months now which is really good for me. Would like it to be a £3k EF but little steps.

    Tink xx
    As of 31st December 2018 Total Debt = £15837.59
    DEBT 1 - £41.10 DEBT 2 - £257.41 DEBT 3 - £584.12 DEBT 4 - £700.00
    DEBT 5 - £655.02 DEBT 6 - £669.18 DEBT 7 - £3448.00 DEBT 8 - £2169.12
    DEBT 9 - £2964.25 DEBT 10 - £4349.39
  • Dobbibill
    Dobbibill Posts: 4,135 Ambassador
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    Hi Grabs39 and Tinkerbelle2000, welcome to the challenge.

    Well done on getting the EF off the starting blocks. Patman will be along shortly to give you your numbers.

    DB
    I’m a Forum Ambassador and I support the Forum Team on the Budgeting & Bank Accounts, Credit Cards, Credit File & Ratings and Energy boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.

    If you can't be the best -
    Just be better than you were yesterday.
  • MrsSave
    MrsSave Posts: 1,817 Forumite
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    I sold some books to an online company, and they paid out today. £15.44 added to the emergency fund, which brings it to £1148.22.
    Starting a new debt free journey
    Starting Debt: £5,250
    Current Debt: £4,995.50
    Amount Paid: £254.50 Percentage Paid: 4.84%
    Emergency Fund: £350
  • LullaBelle
    LullaBelle Posts: 184 Forumite
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    hi everyone,

    #90 checking in! :D
    It has been a while since I updated. My emergency fund now stands at £597.88

    We got some good news a few months ago and our first little baba is due In February. After 5 years of heartache we are so so excited. So I really need this emergency fund for when I am on maternity leave as i just get SMP. So I am spending the next few months debt busting and saving as much as I can. :)
    Virgin £4892.50/ £3880
    Loan £16587.87/£11706.19
    Sofa £1100 / £314.40 Virgin £6550 / £4533.20
    Barclaycard £5411.41/£0:j
    DH Halifax £413.77 /£0:j Overdraft £450/£0 :j
    Total £35405.55/ £20433.79
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