Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@.

Search
  • FIRST POST
    • patman99
    • By patman99 3rd Oct 14, 10:35 PM
    • 8,202Posts
    • 9,668Thanks
    patman99
    The 1,000 emergency fund challenge.
    • #1
    • 3rd Oct 14, 10:35 PM
    The 1,000 emergency fund challenge. 3rd Oct 14 at 10:35 PM
    For the idea for this after listerning to the 'Dave Ramsey Show'.

    The idea is to accumulate an emergency fund of 1,000 sitting in a Bank account just in case of emergencies.

    You must not leave yourself short in order to reach your goal.

    Members-
    #1 Patman99 .................................................. ..#2 Hummingbird
    #3 GaLa15 .................................................. .....#4 Trixibell
    #5 Making_The_Best_of_it ............................#6 Dolly Rocker
    #7 Nintud .................................................. ......#8 Speakingofart
    #9 Calling14 .................................................. .#10 Aloofdragon
    #11 Eyebright .................................................. #12 Chrisfreelander54
    #13 DreamerHelen ........................................#14 mobo1980
    #15 sunshinegirl66 .........................................#16 MrsSave
    #17 rosieben .................................................# 18 peony40
    #19 Buffythedebtslayer .................................#20 October Starter
    #21 monz .................................................. .....#22 georgiebrown0
    #23 Jubilee76 ................................................#2 4 Debt Free Desires
    #25 abundant1972 ..........................................#26 Toomuchtodo
    #27 I-need-to-be-debtfree ............................#28 WantToBeSe
    #29 Bobarella ................................................#3 0 Muser1
    #31 twiggy86 ................................................#3 2 laurababs
    #33 Roundthebend .......................................#34 Kermit2601
    #35 StressedSteph ........................................#36 YoungBusinessman
    #37 redlaces .................................................# 38 stiltoncheese
    #39 Magsnoodle ...........................................#40 MessyBetty
    #41 ruby_eskimo ..........................................#42 IrishRose12
    #43 carbootcrazy ..........................................#44 Simply_Saving
    #45 Dobbibill ...............................................#46 grassgirl
    #47 Ms.Dita .................................................# 48 On my way
    #49 CountingPennies ................................#50 Tilly MFW in 6 YRS
    #51 Hoipolloi ...............................................#52 pozza_73
    #53 newroadahead .......................................#54 Pinksteps
    #55 kdalwayskint ........................................#56 So Very Confused
    #57 marleyboy .............................................#58 bmma
    #59 Vkz .................................................. ......#60 Ep007
    #61 sophieo16 ...............................................#62 tinks112
    #63 Stereochild .............................................#64 Laurag89
    #65 Nicki_Sue ...............................................#66 Inthedoghouse
    #67 Depth of field .........................................#68 happybunny86
    #69 R2B .................................................. ......#70 Toomuchdebt
    #71 Mbizi .................................................. ...#72 littleangels3
    #73 dida80 .................................................. .#74 Harleyquinn
    #75 BabyBetty ..............................................#76 Sallybunny
    #77 Meezel ...............................................#78 rising from the ashes
    #79 newpennypincher ................................#80 damondash
    #81 Jonesy88 ..............................................#82 clumsychaos
    #83 MrCrimeFiction ...................................#84 MrsR68
    #85 29Found ..............................................#86 Kelxx
    #87 January2015 ........................................#88 Jacko_amz
    #89 Kayalana99 ..........................................#90 Andyfromotley
    #91 Jon81 .................................................. ..#92 astrid35
    #93 LullaBelle .............................................#94 BuildingBricksOfGold
    #95 Hadalbm ...............................................#96 Meatloaf1981
    #97 Daisychain1 ........................................#98 bestfootforward
    #99 *DramaQueen* ...................................#100 eveie189
    #101 Casper123 ..........................................#102 Lazer-zxr
    #103 DeafLeopard ......................................#104 nicing
    #105 joee .................................................. ..#106 Mrs Toast
    #107 RaspberryJiuce .................................#108 takingcontrolatlast
    #109 parsniphead .......................................#110 NoLifeWithoutYou
    #111 PollyPrissypants ................................#112 amber03
    #113 teeni .................................................. .#114 bogbrsh250
    #115 thegreenone .......................................#116 inamin
    #117 Hope78 ..............................................#118 Bored
    #119 King_Slayer .......................................#120 BettyBoof
    #121 Cat Girl ..............................................#122 Triangle
    #123 nannygladys ......................................#124 myamyamoo
    #125 nows the time ....................................#126 milky1991
    #127 Lina T ................................................#1 28 sugar123
    #129 evo5819 .............................................#130 *snow*white*
    #131 Digging ..............................................#132 belleandthebudget
    #133 Aphidgirl ............................................#134 Grabs39
    #135 Tinkerbelle2000 ................................#136 cybertortoise
    #137 Blue_Bird .........................................#138 Snorkypants
    #139 B17c .................................................# 140 lincs1205
    #141 stormpassing .................................#142 LittleMissDetermined
    #143 The Only Girl .....................................#144 nellis10
    #145 Swash .................................................# 146 Justforme
    #147 crv1963 ...............................................#14 8 mossy
    #149 Ellieseleven ........................................#150 bilbodreams
    #151 Claire1a ..............................................#152 mrs motivated
    #153 fairyclicks ..........................................#154 12 month challenge
    #155 chasingdreams ...................................#156 lexbubbles
    #157 Moonbean ......................#158 MadCoderWhatCodesAtMidnig
    #159 rylee12 ...............................................#16 0 JHiggins91
    #161 Dandytf ..............................................#162 5erge
    #163 nextyeartina ........................................#164 sarahm0rris
    #165 NeedToBeDebtFree ............................#166 moneytree1
    #167 strandedinaber .....................................#168 Heartland
    #169 Cutcostsandsave ..................................#170 Kim_13
    #171 PinkWhisk ..........................................#172 debbie_debt
    #173 Jo3y83 .......................................#174 Havecourageandbekind
    #175 Effyb4 .................................................# 176 Monks
    #177 doingitanyway ....................................#178 lcc86
    #179 Positivelypunked ...............................#180 evuka
    #181 BelleBelles19 ..................................#182 little library lady
    #183 Anna-marie3363 ............................#184 Meezel
    #185 LABMUM ........................................ #186 -Selene
    #187 PositiveBalance ..............................#188 Grandad's Offspring
    #189 Kimplus8 ........................................#190 Hanliam
    #191 Chazz.Collins .................................#192 TrushTush
    #193 swimminginaseaofdebt .....................#194 BlackFrosting
    #195 evo5819 ...........................................#196 Hermionesaver
    #197 cheesedoffwithdebt ........................#198 PennyJar
    #199 Julie67 ...............................................#20 0 Angelicious
    #201 Pinkwhisk .....................................#202 tibbles209
    #203 Lauralozzle ..................................#204 ButterflyBee
    #205 Smolly .........................................#206 Dobs
    #207 Treasurequeen ..............................#208 ab_saver
    #209 BeTheChange ..............................#210 Anita55
    #211 primalmother ................................#212 Kawaii corgi
    #213 Thora ...........................................#214 PoorGuyNextDoor
    #215 2sonmum ....................................#216 theresamum2
    #217 luvabargain ................................#218 missy83
    #219 willkeepontrying ......................#220 mumto2girlsandaboy
    #221 Bluelala ........................................#222 LianneH
    #223 Treasurequeen ..............................#224 Whoknowskt89
    #225 Foxyloxy11 .................................#226 Bird.Heart.Mouse
    #227 Stb ...............................................#22 8 Macey1510
    #229 Dreamtruce ..............................#230 IndigoWarrior
    #231 ploppy57 ....................................#232 Claremylove
    #233 foxyloxy11 ...................................#234 Muser1
    #235 XSpender .....................................#236 PlaysNicely
    #237 DancingUnicorn ..............................#238 thoragunnr
    #239 Jessop64 .........................................#240 quintwins
    #241 Mummy_bear .................................#242 BachFlower
    #243 mixmir ...........................................#244 Moneybutterfly
    #245 catralense ......................................#246 Narola1976
    #247 Farmeress ......................................#248 Billy12345
    #249. Cozicup ...........................................#250 SamSam17
    #251 ej22 ................................................#2 52 Nicnak
    #253. Florence J .......,............................#254 Arrietty
    #255 IrisViolet ........................................#256 lcc86
    #257 Adventureofmemories ..................#258 Missymae0
    #259 Moneyx3 ...........................................#260 itslulu
    #261 lheart ................................................#2 62 MeenaM
    #263 Bublin1 ..............................................#264 flying mamma
    #265 ani*fan ..............................................#266 jaxsmar
    #267 haybel19 ..............................................#268 Pickle_99_uk
    #269 HLB10 ..............................................#270 Littlebigmoose
    #271 xironsongx .......................................#272 Stayathomemum36
    #273 Debtfreeby2020 ...............................#274 Debtfreewannabme
    #275 Starmummy .....................................#276 Mydmp
    #277 MelBell2015 .....................................#278 Sweetcake



    This list is correct as of 19/1/17.
    Last edited by patman99; Today at 9:03 PM. Reason: List got 'lost'.
    Never Knowingly Understood.

    Member #1 of 1,000 challenge - 1000/ 1000 (that's 100%)

    3-6 month EF 631.65/3600 (that's 10 days worth)

    Do you/your spouse earn less than 197 p/w ?. Fill-in Form R85 and get your Bank interest Tax free.
Page 140
    • patman99
    • By patman99 21st Jan 18, 10:27 PM
    • 8,202 Posts
    • 9,668 Thanks
    patman99
    Welcome Penniesforfuture. You are #271 of our gang.
    Never Knowingly Understood.

    Member #1 of 1,000 challenge - 1000/ 1000 (that's 100%)

    3-6 month EF 631.65/3600 (that's 10 days worth)

    Do you/your spouse earn less than 197 p/w ?. Fill-in Form R85 and get your Bank interest Tax free.
    • HLB10
    • By HLB10 22nd Jan 18, 9:58 AM
    • 17 Posts
    • 64 Thanks
    HLB10
    Agh, depleted again on breakdown insurance - although I should get half back through Quidco eventually.
    MFW #149 Target for 2018 2000 / 136 overpaid

    Emergency fund challenge #269 750 / 15.0 - spent 100 at the vet and another 80 on breakdown insurance
    • Penniesforfuture
    • By Penniesforfuture 23rd Jan 18, 4:41 PM
    • 52 Posts
    • 219 Thanks
    Penniesforfuture
    Moved 45 into my house deposit fund
    So I have 100.00 in my emergency fund now
    Emergency Funds: 217.32 / 1,000
    SPC #201 - 42.44 | VSPC #?? 3.98 |
    EF B/A : 170.90

    Taking one step a time.
    • Missymae0
    • By Missymae0 24th Jan 18, 9:02 PM
    • 75 Posts
    • 170 Thanks
    Missymae0
    Christmas got in the way but I am still trying to plug away at the challenge, saving 100 into a regular saver.

    #258 200
    Emergency fund 700/1000
    1 debt Vs 100 day #11 411.17/991.33
    SPC 11 #084
    NSD June 2018 0/10
    • lcc86
    • By lcc86 26th Jan 18, 9:41 AM
    • 975 Posts
    • 3,004 Thanks
    lcc86
    After sorting out all the vet fees this month, my emergency fund is down 100 so I'm at 722. Should be able to save 200 a month in Feb and March though as we don't pay council tax then, and I really need to up it given the roof situation.
    http://forums.moneysavingexpert.com/showthread.php?t=5124473 - my original diary
    1117/1000 EF 538 saved for household jobs
    Debt free and in the black for the first time in 11 years
    • jaxsmar
    • By jaxsmar 28th Jan 18, 12:02 PM
    • 385 Posts
    • 1,563 Thanks
    jaxsmar
    Another 50.00 added today.
    Hoping to add some more later after all the direct debits are paid out then
    Reevaluate. The microwave just conked out! I only use it occasionally do I'm just going to wait a while. 100/1000.
    Penny wise pound foolish #266 emergency fund 150/1000.
    • foxyloxy11
    • By foxyloxy11 28th Jan 18, 12:52 PM
    • 298 Posts
    • 1,588 Thanks
    foxyloxy11
    Another 50.00 added today.
    Hoping to add some more later after all the direct debits are paid out then
    Reevaluate. The microwave just conked out! I only use it occasionally do I'm just going to wait a while. 100/1000.
    Originally posted by jaxsmar
    SNAP!! mine just went too. Managed to get one with a grill using code (gets 5 discount) 50 from Tesco. That way thought if ever my oven conks out the extra grill facility would be useful. Especially as it was only 50. Nice silver one too.
    1000 Emergency fund challenge #225 - 1000.00.00/1000 Baby Step 1-COMPLETE
    Debt free day October 2019 - End of Baby Step 2 (A work in progress)
    • IrisViolet
    • By IrisViolet 31st Jan 18, 4:22 PM
    • 99 Posts
    • 1,849 Thanks
    IrisViolet
    Back on this with a balance of 4.50........
    Now I've overhauled our finances and down a new budget I think I can concentrate better on it. We already have a credit union account where we put our savings for yearly expenses and it didn't work when o tried to mix my EF in with that so instead I have opened and instant saver that is attached to my own bank account (not hubbies and a different bank to joint account so he won't see it and be able to transfer)
    I've decided to just not say anything about it until I've built it up and will just transfer as and when I can until I hit 1000.
    Not because he can't be trusted or anything but just because I want to avoid all temptation to spend it so will pretend it doesn't exist for now.
    Here goes........
    • ploppy57
    • By ploppy57 31st Jan 18, 4:31 PM
    • 723 Posts
    • 4,656 Thanks
    ploppy57
    Back on this with a balance of 4.50........
    Now I've overhauled our finances and down a new budget I think I can concentrate better on it. We already have a credit union account where we put our savings for yearly expenses and it didn't work when o tried to mix my EF in with that so instead I have opened and instant saver that is attached to my own bank account (not hubbies and a different bank to joint account so he won't see it and be able to transfer)
    I've decided to just not say anything about it until I've built it up and will just transfer as and when I can until I hit 1000.
    Not because he can't be trusted or anything but just because I want to avoid all temptation to spend it so will pretend it doesn't exist for now.
    Here goes........
    Originally posted by IrisViolet

    Well you sound like a girl after my own heart. My OH leaves all the finances up to me and I am quite glad actually as if he know bits I was saving for he would "borrow" it for what he calls necessities. He knows I am saving an emergency fund, but has no idea how much is in it and also he doesn't know I am saving money for holidays, Christmas etc as well. What the eye doesn't see.....and all that....LOL
    DMP March '15 57,549. Now 44,226. 23% paid. Went SM Feb '18 to get DF sooner.
    Emergency fund #231... 1000.
    Christmas '18 challenge... 22 /300
    "There's a Great Big Beautiful Tomorrow, Shining at the end of every day"
    • Missymae0
    • By Missymae0 1st Feb 18, 10:09 AM
    • 75 Posts
    • 170 Thanks
    Missymae0
    Was hoping to save more than my minimum 100 per month but January has about 75 days in it so hoping for better in February

    #258 300
    Emergency fund 700/1000
    1 debt Vs 100 day #11 411.17/991.33
    SPC 11 #084
    NSD June 2018 0/10
    • xironsongx
    • By xironsongx 1st Feb 18, 10:12 AM
    • 141 Posts
    • 375 Thanks
    xironsongx
    can you swap #271 Penniesforfuture for this account please?

    20 in the fund

    2% completed
    Engaged 01-09-17 Wedding 519.78 (BA) 80.22 (Sp) / 5,600 5,000 left to save
    • Stayathomemum36
    • By Stayathomemum36 1st Feb 18, 3:15 PM
    • 47 Posts
    • 152 Thanks
    Stayathomemum36
    Hi please can I join in? This has been my goal for the last few months but weve had dental and car emergencies that meant the fund has taken a hit !!!128528; sitting at 366.70 as of today
    • xironsongx
    • By xironsongx 2nd Feb 18, 10:25 PM
    • 141 Posts
    • 375 Thanks
    xironsongx
    My sister sent me money that she owed me a few days ago, couldnt find it in my Lloyds or Natwest account but forgot I gave her the details to my Santander account and forgot I had an account t with them

    12 from that money was put Into my emergency funds.

    I took 5 out the other day but am back up to 27 now.

    Anything left fro. The rest of the money on Tuesday will go into my wedding fund.

    Onwards and upwards.
    Engaged 01-09-17 Wedding 519.78 (BA) 80.22 (Sp) / 5,600 5,000 left to save
    • jaxsmar
    • By jaxsmar 3rd Feb 18, 8:54 AM
    • 385 Posts
    • 1,563 Thanks
    jaxsmar
    SNAP!! mine just went too. Managed to get one with a grill using code (gets 5 discount) 50 from Tesco. That way thought if ever my oven conks out the extra grill facility would be useful. Especially as it was only 50. Nice silver one too.
    Originally posted by foxyloxy11
    Thanks foxyloxy. I only use the microwave for jacket spuds and plate warming! But my daughter cooked jacket's yesterday..they were binned pretty quickly they were hard as bullet's. So thanks for the tip, that's a good price with the grill.
    Another 50.00 banked.
    Penny wise pound foolish #266 emergency fund 150/1000.
    • patman99
    • By patman99 4th Feb 18, 12:14 PM
    • 8,202 Posts
    • 9,668 Thanks
    patman99
    Welcome to stayathomemum36, who is member #272.

    xironsongx, your requested changes have been made.

    Haven't been on here for a while as not been well. Have had a series of coughs and colds that have really laid me low.

    Anyway, EF is back up to 1,000 again so well pleased with that.
    I have begun to ebay my unwanted tools in order to fund the purchase of a cuts-everything Evolution sliding mitre saw.
    Never Knowingly Understood.

    Member #1 of 1,000 challenge - 1000/ 1000 (that's 100%)

    3-6 month EF 631.65/3600 (that's 10 days worth)

    Do you/your spouse earn less than 197 p/w ?. Fill-in Form R85 and get your Bank interest Tax free.
    • Stayathomemum36
    • By Stayathomemum36 5th Feb 18, 8:29 AM
    • 47 Posts
    • 152 Thanks
    Stayathomemum36
    #272 372.40 / 1000

    6.70 skimmed from current acc into emergency fund today
    • foxyloxy11
    • By foxyloxy11 6th Feb 18, 8:59 PM
    • 298 Posts
    • 1,588 Thanks
    foxyloxy11
    Quick update- after having to pay out for car expenses and DD's 21st, things are on the move again new total of 790.57.
    Goal is to have 1000 by the end of Feb.
    1000 Emergency fund challenge #225 - 1000.00.00/1000 Baby Step 1-COMPLETE
    Debt free day October 2019 - End of Baby Step 2 (A work in progress)
    • Stayathomemum36
    • By Stayathomemum36 7th Feb 18, 7:56 AM
    • 47 Posts
    • 152 Thanks
    Stayathomemum36
    #272 377.33 / 1000

    4.93 account cashback from current acc to emergency. Would like to break the 400 this month
    • Stayathomemum36
    • By Stayathomemum36 9th Feb 18, 6:38 PM
    • 47 Posts
    • 152 Thanks
    Stayathomemum36
    I transferred 32 from my chip app so Ive broken the 400

    #272 409.33 / 1000
    PAD 2018 867 1k emergency fund chall 368 / 1000. DFD "Making the changes and sticking to it".O/D 550/0 [STRIKE]Next 636 0[/STRIKE CC Debt: 2903128182.10
    • foxyloxy11
    • By foxyloxy11 10th Feb 18, 8:29 AM
    • 298 Posts
    • 1,588 Thanks
    foxyloxy11
    Cleaned up the oddments in my account and rounded it to a nice 800
    i ama determined to get it to 1000 by the end of the month
    1000 Emergency fund challenge #225 - 1000.00.00/1000 Baby Step 1-COMPLETE
    Debt free day October 2019 - End of Baby Step 2 (A work in progress)
Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

3,936Posts Today

8,400Users online

Martin's Twitter
  • We all knew we'd win in the end. Never in doubt! ....walks away whistling

  • Yeeesss. Phew. Wow. Uh. Oy yoy yoy

  • It's interesting that 80% of the crowd are young women... According to the close ups we keep seeing anyway.

  • Follow Martin