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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-
    #1 Patman99 .................................................. ..#2 Hummingbird
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    #25 abundant1972 ..........................................#26 Toomuchtodo
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    #29 Bobarella ................................................#3 0 Muser1
    #31 twiggy86 ................................................#3 2 laurababs
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    #43 carbootcrazy ..........................................#44 Simply_Saving
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    #47 Ms.Dita .................................................# 48 On my way
    #49 CountingPennies ................................#50 Tilly MFW in 6 YRS
    #51 Hoipolloi ...............................................#52 pozza_73
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    #57 marleyboy .............................................#58 bmma
    #59 Vkz .................................................. ......#60 Ep007
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    #73 dida80 .................................................. .#74 Harleyquinn
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    #77 Meezel ...............................................#78 rising from the ashes
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    #177 doingitanyway ....................................#178 lcc86
    #179 Positivelypunked ...............................#180 evuka
    #181 BelleBelles19 ..................................#182 little library lady
    #183 Anna-marie3363 ............................#184 Meezel
    #185 LABMUM ........................................ #186 -Selene
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    #197 cheesedoffwithdebt ........................#198 PennyJar
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    #201 Pinkwhisk .....................................#202 tibbles209
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    #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 .....................................

    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 142
    • patman99
    • By patman99 28th Feb 18, 7:27 PM
    • 8,195 Posts
    • 9,653 Thanks
    patman99
    Thank you all. Will be at my mums until next Tuesday.
    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 1st Mar 18, 8:58 AM
    • 47 Posts
    • 151 Thanks
    Stayathomemum36
    #272 192.19 transferred from main Curent Account today so 603/1000

    I had withdrawn money to pay for passports and home insurance but have made that back up.
    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
    • Debtfreewannabme
    • By Debtfreewannabme 3rd Mar 18, 2:45 PM
    • 103 Posts
    • 769 Thanks
    Debtfreewannabme
    Hi please can I join in - 100 transferred to EF today. 1000 goal. Paid off 50% of Debts since Jan. Just under 3,500 left. All on 0% cards/ promotions with 25 -
    30 months on them so plan is to start EF alongside paying Debts off x
    • xironsongx
    • By xironsongx 3rd Mar 18, 6:38 PM
    • 141 Posts
    • 375 Thanks
    xironsongx
    Start my emergency fund to 50 please.
    I'm putting most of my saving money into our wedding but slowly and gradually building this up.
    Engaged 01-09-17 Wedding 519.78 (BA) 80.22 (Sp) / 5,600 5,000 left to save
    • Debtfreewannabme
    • By Debtfreewannabme 4th Mar 18, 12:02 AM
    • 103 Posts
    • 769 Thanks
    Debtfreewannabme
    After a wake up call tonight - I've decided to transfer another 100 into EF instead of put it towards CC tomo. So balance is now 200/1000.
    • foxyloxy11
    • By foxyloxy11 4th Mar 18, 7:58 PM
    • 298 Posts
    • 1,585 Thanks
    foxyloxy11
    Have transferred a little more across so up to 855.00 was hoping for more but snow days halted that a little.
    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)
    • PositiveBalance
    • By PositiveBalance 6th Mar 18, 1:47 AM
    • 710 Posts
    • 3,628 Thanks
    PositiveBalance
    Hello everyone!

    It has been a while but I am back!

    After much shuffling and overtime and a refund of some money I have been owed I have restarted my emergency fund and it is at 546.06.

    That's not bad in one month, although it's unlikely that I will ever have so much money to add to it again in one month (unless I win the lottery! )

    I'm likely to have to cash it in a few month against a CC then rebild it again, but for now it's great.

    Hope you are all keeping well!
    Original debt to source: 11,640.02; debt repaid: 6201.01 (53%); remaining debt: 5439.01
    0% CC balance: 4999.67 now 3997.54
    Emergency Fund (#187): 0/1000
    Terrimundi: 30.00ish
    • carbootcrazy
    • By carbootcrazy 6th Mar 18, 8:52 AM
    • 4,713 Posts
    • 26,717 Thanks
    carbootcrazy
    I hope everyone is getting back to normal life after the snow and that it isn't incurring any unexpected expense for repairs now it's thawed.


    I've my brother's funeral next week which will involve lengthy train travel and taxis at both ends, an overnight stay, flowers, an essential haircut and a new (probably charity shop if I can find a suitable one) coat. That's going to set my EF back a lot but needs must.
    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.
    • ploppy57
    • By ploppy57 6th Mar 18, 4:41 PM
    • 722 Posts
    • 4,650 Thanks
    ploppy57
    I hope everyone is getting back to normal life after the snow and that it isn't incurring any unexpected expense for repairs now it's thawed.


    I've my brother's funeral next week which will involve lengthy train travel and taxis at both ends, an overnight stay, flowers, an essential haircut and a new (probably charity shop if I can find a suitable one) coat. That's going to set my EF back a lot but needs must.
    Originally posted by carbootcrazy



    That is what EF's are for. I am trying to get mine up to a good level...but as you can see, it is a slow process. I am intending to always leave a minimum amount in there for if the worst happens...my parents are both mid 80's and live 150 miles away. We know they can't last forever and my mum has a condition already and is in a care home, she has already had 3 major operations and we never know what is round the corner. I want to know that at any given time, I can put fuel in the car and get a hotel if needed...(normally stay with sister, but you never know when and what might happen)
    Take care and hope the day goes as well as these things can. x
    DMP March '15 57,549. Now 44,430. almost 23% paid. Went SM Feb '18 to get DF sooner.
    Emergency fund #231... Building up slowly.
    Christmas '18 challenge... 22 /300
    "There's a Great Big Beautiful Tomorrow, Shining at the end of every day"
    • foxyloxy11
    • By foxyloxy11 6th Mar 18, 7:28 PM
    • 298 Posts
    • 1,585 Thanks
    foxyloxy11
    A bit more added so almost there up to 920 now
    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)
    • xironsongx
    • By xironsongx 6th Mar 18, 8:27 PM
    • 141 Posts
    • 375 Thanks
    xironsongx
    Eh ignore me. I'm not saving for emergency funds anymore.
    Engaged 01-09-17 Wedding 519.78 (BA) 80.22 (Sp) / 5,600 5,000 left to save
    • carbootcrazy
    • By carbootcrazy 7th Mar 18, 8:44 AM
    • 4,713 Posts
    • 26,717 Thanks
    carbootcrazy
    That is what EF's are for. I am trying to get mine up to a good level...but as you can see, it is a slow process. I am intending to always leave a minimum amount in there for if the worst happens...my parents are both mid 80's and live 150 miles away. We know they can't last forever and my mum has a condition already and is in a care home, she has already had 3 major operations and we never know what is round the corner. I want to know that at any given time, I can put fuel in the car and get a hotel if needed...(normally stay with sister, but you never know when and what might happen)
    Take care and hope the day goes as well as these things can. x
    Originally posted by ploppy57
    Thank you

    My EF is still at 1000 and, thanks to patman and this brilliant thread, whenever I've had an emergency I've been able to cope with it and make up the EF savings again afterwards

    Something that's going to cost as much as the forthcoming funeral expenses would have thrown me into a state of real panic and anxiety a couple of years ago.


    Having the security of a savings cushion for all the nasties that life has a habit of throwing at us is a wonderful thing
    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.
    • ploppy57
    • By ploppy57 7th Mar 18, 9:33 AM
    • 722 Posts
    • 4,650 Thanks
    ploppy57
    Thank you

    My EF is still at 1000 and, thanks to patman and this brilliant thread, whenever I've had an emergency I've been able to cope with it and make up the EF savings again afterwards

    Something that's going to cost as much as the forthcoming funeral expenses would have thrown me into a state of real panic and anxiety a couple of years ago.


    Having the security of a savings cushion for all the nasties that life has a habit of throwing at us is a wonderful thing
    Originally posted by carbootcrazy
    I agree. I am hoping to have ours up to a minimum of 1000 within the next few months. Would like to get a bit more if possible as I am sure there will be expenses at some time that are more than that.
    DMP March '15 57,549. Now 44,430. almost 23% paid. Went SM Feb '18 to get DF sooner.
    Emergency fund #231... Building up slowly.
    Christmas '18 challenge... 22 /300
    "There's a Great Big Beautiful Tomorrow, Shining at the end of every day"
    • Stayathomemum36
    • By Stayathomemum36 7th Mar 18, 9:13 PM
    • 47 Posts
    • 151 Thanks
    Stayathomemum36
    #272 4.19 transferred from main Curent Account (cutback) today so 607.19/1000

    Slowly getting there!
    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 8th Mar 18, 5:56 PM
    • 298 Posts
    • 1,585 Thanks
    foxyloxy11
    Eh ignore me. I'm not saving for emergency funds anymore.
    Originally posted by xironsongx

    Don't get disheartened. Keep plodding on and it will happen. Every little penny in the fund is a penny that hasn't had to go on a credit card when there's an emergency so doesn't matter how big or small
    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)
    • foxyloxy11
    • By foxyloxy11 8th Mar 18, 6:00 PM
    • 298 Posts
    • 1,585 Thanks
    foxyloxy11
    #225 HAS MADE IT AT LAST!!!!!! 1000!!

    This has taken a while as life has happened a few times as it does but at least there has been some money in the fund to cushion it. I have started savings for car repairs, household, clothes, presents and health now so as they build i will have to use my emergency fund less. It will be a work in progress but every little helps.

    For those of you who feel it's taking forever don't give up. i have nearly been at FULL more times than i can remember but i kept plodding and it happened eventually. Don't give up, we're all behind you
    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)
    • amber03
    • By amber03 8th Mar 18, 8:59 PM
    • 813 Posts
    • 4,947 Thanks
    amber03
    Well done Foxyloxy, it's a lovely feeling I have been there a few times myself, slowly plodding on with saving.x
    Debtfree and and staying that way.
    1000 Emergency fund No.112 451.00
    • patman99
    • By patman99 8th Mar 18, 9:44 PM
    • 8,195 Posts
    • 9,653 Thanks
    patman99
    Welcome to Debtfreewannabme who is our 274th member.

    Apologies for my absence. Been house/dog sitting, but noe back at mine and catching up on emails and stuff.
    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.
    • Starmummy
    • By Starmummy 8th Mar 18, 11:06 PM
    • 83 Posts
    • 223 Thanks
    Starmummy
    Hi All

    room for another one. starting on 01/03/18 so far just 15/1000 in my EF. aim to get to 100 by the end of this month

    Thanks

    SM
    • Mydmp
    • By Mydmp 8th Mar 18, 11:43 PM
    • 28 Posts
    • 103 Thanks
    Mydmp
    Hi all
    Can I join please? At the moment we don't have anything in an emergency fund. Unexpected events over the past 12 months have proved to us how essential it is. We've now got some recent debts at ridiculously high interest rates due to poor credit rating and lack of savings. Need to pay these debts off ASAP but also need to ensure that should things take a turn for the worse again that we have some funds available.
    As of today emergency fund stands at 0/1000
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