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  • FIRST POST
    • patman99
    • By patman99 3rd Oct 14, 10:35 PM
    • 8,195Posts
    • 9,653Thanks
    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-
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    #67 Depth of field .........................................#68 happybunny86
    #69 R2B .................................................. ......#70 Toomuchdebt
    #71 Mbizi .................................................. ...#72 littleangels3
    #73 dida80 .................................................. .#74 Harleyquinn
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    #77 Meezel ...............................................#78 rising from the ashes
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    #209 BeTheChange ..............................#210 Anita55
    #211 primalmother ................................#212 Kawaii corgi
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    #215 2sonmum ....................................#216 theresamum2
    #217 luvabargain ................................#218 missy83
    #219 willkeepontrying ......................#220 mumto2girlsandaboy
    #221 Bluelala ........................................#222 LianneH
    #223 Treasurequeen ..............................#224 Whoknowskt89
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    #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 .....................................

    This list is correct as of 19/1/17.
    Last edited by patman99; 05-04-2018 at 7:11 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 141
    • Toomuchdebt
    • By Toomuchdebt 10th Feb 18, 2:37 PM
    • 1,840 Posts
    • 3,064 Thanks
    Toomuchdebt
    Starting over

    #70 0/1000 sigh
    Debts Jan 2014 20,108.34

    Debts Feb 2018 6829.63

    EF #70 0/1000
    • xironsongx
    • By xironsongx 10th Feb 18, 3:51 PM
    • 141 Posts
    • 375 Thanks
    xironsongx
    Starting over,
    Not saving for a wedding right now any more.
    Nothing bad has happened but there is a lot i want to save for before the big day,
    like having a financial cushion for us, as I've been ill a lot recently. I would like to learn to drive & purchase a car awell as buying a laptop.

    I moved all my savings into my savings builder account and renamed it Emergency fund.
    I have 286.17 in there now, so I've completed 29% of it already.
    Engaged 01-09-17 Wedding 519.78 (BA) 80.22 (Sp) / 5,600 5,000 left to save
    • HLB10
    • By HLB10 10th Feb 18, 5:11 PM
    • 16 Posts
    • 64 Thanks
    HLB10
    #269 just updating - balance of big fat zero! At least it was spent on emergency expenses, but still frustrating!
    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
    • patman99
    • By patman99 10th Feb 18, 8:56 PM
    • 8,195 Posts
    • 9,653 Thanks
    patman99
    Just getting used to being monthly paid again. As of last week, I now have a permanent contract of employment rather than the 3 month rolling one I was initially employed on.

    It came about due to the chap I was brought in to assist having a fight with another guy over a bit of rubbish that had dropped out of a skip.

    HLB10, that is what the EF is for. It means you have the money set aside for when an emergency happens.
    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.
    • xironsongx
    • By xironsongx 11th Feb 18, 7:25 AM
    • 141 Posts
    • 375 Thanks
    xironsongx
    Added 20 to my fund,
    Making toal 306.00
    & 31% complete
    Engaged 01-09-17 Wedding 519.78 (BA) 80.22 (Sp) / 5,600 5,000 left to save
    • Stayathomemum36
    • By Stayathomemum36 11th Feb 18, 9:24 AM
    • 47 Posts
    • 151 Thanks
    Stayathomemum36
    Definitely frustrating but imagine if you never had the fund in the first place...we severely dented ours several times over the last few months
    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
    • xironsongx
    • By xironsongx 12th Feb 18, 9:27 AM
    • 141 Posts
    • 375 Thanks
    xironsongx
    I've moved a lot of my money in my other sinking funds,
    I have 106.00 in my emergency fund for general things
    but I've put away for "individual" emergencies or needed things.


    34.40 for Medication (4 x 8.60) - I get ear infections a lot in winter
    60.00 - for clothes , I may need to get some more undies / work trousers / shoes as mine are wearing out
    50.00 for home products - I'm finding that I use a lot of my budget to buy home items
    Gifts - 50 , I've got a few birthdays coming up
    Christmas - I already had 56 stashed away but moved 5 over to have 2 months (of 31)
    Engaged 01-09-17 Wedding 519.78 (BA) 80.22 (Sp) / 5,600 5,000 left to save
    • Stayathomemum36
    • By Stayathomemum36 12th Feb 18, 9:30 AM
    • 47 Posts
    • 151 Thanks
    Stayathomemum36
    #272 1.48 transferred from main Curent Account today so 410.81/1000
    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
    • Toomuchdebt
    • By Toomuchdebt 13th Feb 18, 5:21 PM
    • 1,840 Posts
    • 3,064 Thanks
    Toomuchdebt
    Well managed to put some money into the EF today...not much but it's a start

    #70 15/1000
    Debts Jan 2014 20,108.34

    Debts Feb 2018 6829.63

    EF #70 0/1000
    • HLB10
    • By HLB10 13th Feb 18, 8:15 PM
    • 16 Posts
    • 64 Thanks
    HLB10
    You're all right - that is what the EF is there for - I would just like it to maybe have 100 in it for more than a week

    I had 2 payments today from prolific studies and quidco, and have rounded down the joint account so my EF now stands at a staggering 13.97

    #269 EF 13.97
    Last edited by HLB10; 13-02-2018 at 8:34 PM.
    • xironsongx
    • By xironsongx 16th Feb 18, 10:34 PM
    • 141 Posts
    • 375 Thanks
    xironsongx
    I have transfered spme money over ,
    My total is now 136.00 .
    Engaged 01-09-17 Wedding 519.78 (BA) 80.22 (Sp) / 5,600 5,000 left to save
    • Treasurequeen
    • By Treasurequeen 17th Feb 18, 4:10 PM
    • 338 Posts
    • 3,641 Thanks
    Treasurequeen
    #223 just updating: have transferred 50 to my emergency fund so my total now is 600/1000. this is after my holiday money has been taken.
    The 1000 emergency fund challenge #223
    Pay for birthdays and Christmas 2018 with surveys #17
    2018 Frugal Living Challenge #44
    Sealed Pot Challenge 2018~ 11 #40
    2 saver club
    • xironsongx
    • By xironsongx 17th Feb 18, 9:29 PM
    • 141 Posts
    • 375 Thanks
    xironsongx
    I transfered some more money into my emergency fund
    I have 200.00 now
    Engaged 01-09-17 Wedding 519.78 (BA) 80.22 (Sp) / 5,600 5,000 left to save
    • debtfreeby2020
    • By debtfreeby2020 24th Feb 18, 9:57 AM
    • 88 Posts
    • 172 Thanks
    debtfreeby2020
    Hi there.

    I also learned of the method via the Dave Ramsey Show. I have started my emergency fund of 1000 already but I would like to join the challenge if that's ok? My balance is 200.02/1000
    • Moneybutterfly35
    • By Moneybutterfly35 24th Feb 18, 6:45 PM
    • 21 Posts
    • 77 Thanks
    Moneybutterfly35
    #244 been a while but I!!!8217;m 1500/1000 finally! But I!!!8217;m starting again so I can cover my OH. Sooooo can you pop me down as 0/1000 please?
    #583 (#244 EF challenge)
    • patman99
    • By patman99 25th Feb 18, 2:28 PM
    • 8,195 Posts
    • 9,653 Thanks
    patman99
    Welcome debtfreby2020. You are member #273.
    I haven't been on here for over a week. This is due to my mum being rushed into hospital (she is home and okay now) and having to house/dog sit. She has no internet, so making it almost impossible to keep up with things.
    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.
    • carbootcrazy
    • By carbootcrazy 26th Feb 18, 6:17 AM
    • 4,719 Posts
    • 26,762 Thanks
    carbootcrazy
    Welcome debtfreby2020. You are member #273.
    I haven't been on here for over a week. This is due to my mum being rushed into hospital (she is home and okay now) and having to house/dog sit. She has no internet, so making it almost impossible to keep up with things.
    Originally posted by patman99
    Sorry to hear about your Mum, patman. Great to hear she is home again and on the mend

    As for being without internet I can really sympathise. It's the bane of my life. It's really worrying how so much of every aspect of our lives depends on it.
    Make 10 A Day Challenge 2018: Jan-Apr: 757.05+. May: 1209.25


    Original Debt: 56804 (@02/13). Now: 9998
    . Under 10K at long last.
    • debtfreeby2020
    • By debtfreeby2020 26th Feb 18, 6:30 AM
    • 88 Posts
    • 172 Thanks
    debtfreeby2020
    Thank you Patman. I am so sorry to hear about your mum.
    Emergency Fund: 300.01/1000 (30%) March NST: 2/18 NSDs
    Tesco Loan: 3,877/5000 Barclaycard: 3149.99/3169.79
    • foxyloxy11
    • By foxyloxy11 27th Feb 18, 7:18 PM
    • 298 Posts
    • 1,585 Thanks
    foxyloxy11
    Quick update- just added another 15 so total at 815 now.

    Hoping to add another 80 on Thursday....nearly there
    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)
    • lcc86
    • By lcc86 27th Feb 18, 9:32 PM
    • 975 Posts
    • 3,002 Thanks
    lcc86
    Apologies for the absence, decided to have a forum detox in February so didn't post anywhere. Had some good news and received a cheque for 250, I'd overspent on my service charge in my previous property and it was refunded, so added that straight to the emergency fund. I also got paid today so transferred more over, new total is 1382 I've never had an emergency fund so this is a huge achievement. I know it will all go as and when the roof repair bill comes in so if it's okay I'd like to remain part of the challenge and keep updating as and when I can.
    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
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