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  • FIRST POST
    • DreamerHelen
    • By DreamerHelen 20th Oct 15, 8:30 AM
    • 2,555Posts
    • 13,671Thanks
    DreamerHelen
    3-6 Month Emergency Fund Challenge!!
    • #1
    • 20th Oct 15, 8:30 AM
    3-6 Month Emergency Fund Challenge!! 20th Oct 15 at 8:30 AM
    Morning Everyone....


    I have been wondering for MONTHS now about what would happen if there was some kind of Emergency....I am self-employed and also starting a new Business which will also be on a self-employed basis....so I will never get holiday pay or sick pay....although I AM hoping to maybe get an employed Job but that would only be for a couple of days a Week so it won't cover me completely if something were to happen....


    My health is not wonderful at the moment, and hasn't been for a while, but I'm going to start trying to lose Weight once I've moved Flats (which I'm doing this Weekend!!).


    So the point of this Challenge is to save up at least 3 month's worth of wages....that can be a different amount for each person....and some people might want to save up to 6 months if they are feeling ambitious!!


    Me personally, I want to save 3 months worth of wages which for me will be £6000.


    Now, there is ABSOLUTELY NO TIME LIMIT on this Challenge...in fact I suspect it could take me Years to get to the point of having 3 months wages as Savings....For now I can only afford £5 per week but as my new Business builds up (hopefully!!) then I should be able to afford more.


    This Thread is mainly for us all to encourage each other to keep on Saving and to celebrate when we reach milestones, however large or small they may be.....Like for me, when I get to having £500 I will be ecstatic!!


    I also wanted to say that if at any time an emergency crops up and you need to use your Fund and then start again then please don't worry about doing that.....It's what the Emergency Fund is there for after all....


    I don't like having Savings in the Bank as I get too tempted to spend them so I'm going to invest in a Terramundi to put my Savings into at least at first......but other's may choose to use their Bank Accounts or a Tin from Poundworld...or stuff it under your Mattress!!


    Sooooo.....Here we go.....I'll add the names below as people Join....xXx




    CHALLENGERS
    1) DreamerHelen - GOAL: £6000 CURRENTLY: £0/£6000
    2) Dobbibill - GOAL ONE: £9000 CURRENTLY: £9000/£9000 - COMPLETE!!
    2) Dobbibill - GOAL TWO: £9000 CURRENTLY: £4641.93/£9000
    3) Patman99 - CURRENTLY: £631.65
    4) LittleMissDetermined - GOAL: £7129 CURRENTLY: £6050/£7129
    5) Sophieo16 - GOAL: £3000 CURRENTLY: £3000/£3000 - COMPLETE!!
    5) Sophieo16 - NEW GOAL: £4000 CURRENTLY: £2862.51/£5000
    6) Crv1963 - INITIAL GOAL: £7800 CURRENTLY: £10/£7800
    7) Mothernerd - INITIAL GOAL: £1000 CURRENTLY: £1000/£1000 COMPLETE!!
    8) Stewby - GOAL: £2000 CURRENTLY: £230.76/£2000
    9) stoplurking - GOAL: £4000 CURRENTLY: £2160/£4000
    10) crazy_cat_lady - GOAL: £6338 CURRENTLY: £346.92/£6338
    11) stormpassing - GOAL: £5400 CURRENTLY: £30/£5400
    12) carbootcrazy - GOAL: £5000 CURRENTLY: £3733/£5000
    13) Munchin - GOAL: £6000 CURRENTLY: £1300/£6000
    14) traveller - INITIAL GOAL: £1000
    15) Freysmum - GOAL: £8500 CURRENTLY: £8500/£8500 - COMPLETE!!
    16) The Only Girl - GOAL: £12,000 CURRENTLY: £9425.89/£12,000
    17) Southern-girl - GOAL: £5000 CURRENTLY: £437/£5000
    18) dubsteppenguin - GOAL: £5000 CURRENTLY: £250/£5000
    19) DuranGirl - GOAL: £6000 CURRENTLY: £5000/£6000
    20) WantToBeSE - GOAL: £5000 CURRENTLY: £1000/£5000
    21) black cat - GOAL: £6000 CURRENTLY: £6000/£6000 - COMPLETE!!
    22) lexbubbles - GOAL: £4600 CURRENTLY: £2158.63/£4600
    23) ani*fan - GOAL: £3000 CURRENTLY: £40.29/£3000
    24) Keeping Motivated - GOAL: £6000 CURRENTLY: £6000/£6000 - COMPLETE!!
    24) Keeping Motivated - NEW GOAL: £6000 CURRENTLY: £3790/£6000
    25) rylee12 - GOAL: £6000
    26) Rosylee - GOAL: £8850 CURRENTLY: £60/£8850
    27) BlackFrosting - GOAL: £2700 CURRENTLY: £69.37/£2700
    28) Westbeef - GOAL: £5000
    29) skye blue - GOAL: £3000 CURRENTLY: £1400/£3000
    30) MrsSave - GOAL: £5000 CURRENTLY: £1241.36/£5000
    31) crimson.addict - GOAL: £10,000 CURRENTLY: £350/£10,000
    32) linc1205 - GOAL: £20,000 CURRENTLY: £20/£20,000
    33) Brass_Triumphant - GOAL: £5000 CURRENTLY: £450/£5000
    34) Christa27 - GOAL: £3000
    35) Wishfullthinking2 - GOAL: £4500
    36) x_raphael_xx - GOAL: £5050 CURRENTLY: £1000/£4000
    36) x_raphael_xx - GOAL 2 (Mum's Money) CURRENTLY: £6.25/£2000
    37) moneymakestheworldgoround - GOAL: £3000
    38) georgiebrown0 - GOAL: £6000
    39) Sharon87 - GOAL: £1500 CURRENTLY: £330/£1500
    40) BabyBetty - GOAL: £5000 CURRENTLY: £276/£5000
    41) -Selene - GOAL: £5000 CURRENTLY: £691.69/£5000
    42) Thistlewhistle - GOAL: £5000 CURRENTLY: £2500/£5000
    43) abundant1972 - GOAL: £4500 CURRENTLY: £2275/£4500
    44) castlelough - GOAL: !!!8364;3000 CURRENTLY: !!!8364;86/!!!8364;3000
    45) MLAB - INITIAL GOAL: £450
    46) milasavesmoney - GOAL: $15000 CURRENTLY: $11,273/$15000
    47) WatWing - GOAL: £3900 CURRENTLY: £250/£3900
    48) happytails - GOAL: £8400
    49) Grandad's Offspring - GOAL: £5000 CURRENTLY: £80/£5000
    50) Smodlet - GOAL: £3000 CURRENTLY: £325/£3000
    51) JCUK - GOAL: £6000 CURRENTLY: £1250/£6000
    52) Mooloo - GOAL: £4000 CURRENTLY £600/£4000
    53) aphill24 - GOAL: £5000 CURRENTLY: £1100/£5000
    54) evo5819 - GOAL: £3000
    55) mum-to-many - GOAL: £3000 CURRENTLY: £306/£3000
    56) oh2bdebtfree - GOAL: £6000
    57) Keedie
    58) AnxiousHomemaker - INITIAL GOAL: £500 CURRENTLY: £15/£500
    59) PoorGuyNextDoor - GOAL: £5300
    60) angelicious - GOAL: £7200 CURRENTLY: £270/£7200
    61) misselvis - GOAL: £6000
    62) benten69 - GOAL: £10,750 CURRENTLY: £230/£10,750
    63) TopsyMum - GOAL: £1000
    64) Poor_Single_lady - GOAL: £5000 CURRENTLY: £80/£5000
    65) swimminginaseaofdebt - GOAL: £9000 CURRENTLY: £95.40/£9000
    66) Dragon Lily - GOAL: £3000 CURRENTLY: £1135/£3000
    67) FrugalinShropshire - GOAL: £7200
    68) Determined diva - GOAL: £2000 CURRENTLY: £1050/£2000
    69) muppets - GOAL: Euro 15,000 CURRENTLY: Euro 4700/15,000
    70) dfbefore30 - GOAL: £5000 CURRENTLY: £5000/£5000 - COMPLETE!!
    71) indigowarrior - GOAL: £6000
    72) angelpye - GOAL: £4200
    73) HoneyBee83 - GOAL: £1000 CURRENTLY: £1200/£1000
    74) wegle - GOAL: £6000 CURRENTLY: £548.23/£6000
    75) Hillwalker17 - GOAL: £6000 CURRENTLY: £1000/£6000
    76) Doglover - GOAL: £7500
    77) NewMeNewLife - GOAL: £5000 CURRENTLY: £300/£5000
    78) Bumblebear - GOAL: £5670
    79) lilyflower7 - GOAL: £3000 CURRENTLY: £519.23/£3000
    80) Dogbooks - GOAL: £9300 CURRENTLT: £950/£9300
    81) kazt2006 - GOAL: £10,000 CURRENTLY: £7900/£10,000
    82) Jellybeans&FF - GOAL: £9000 CURRENTLY: £20/£9000
    83) Moneybutterfly - GOAL: £1000 CURRENTLY: £270/£1000
    84) moneymanager - GOAL: £1500
    85) fruitloop04 - GOAL: £6000 CURRENTLY: £1000/£6000
    86) peedie - GOAL: £6000
    87) datlex - GOAL: £10,750 CURRENTLY: £10,750/£10,750 - COMPLETE!!
    88) Anoneemoose - MINI GOAL: £931 CURRENTLY: £300/£931
    89) SamSam17 - GOAL: £5000 CURRENTLY: £2627.58/£5000
    90) 166million - GOAL: £10,000 CURRENTLY: £637/£10,000
    91) A Random Man - GOAL: £4500
    92) Littlebigmoose - GOAL: £1000
    93) kimplus8
    94) claireg86 - GOAL: £6000 CURRENTLY: £605/£6000
    95) Cherbear82 - GOAL: £2000 CURRENTLY: £100/£2000
    96) mylastpound - GOAL: £3000
    97) moneyonmymindsam - GOAL: £4389 CURRENTLY: £1/£4389
    98) MelBell2015 - GOAL: £2100
    99) Charleyalmostking
    100) lindez - GOAL: £6000

    If you haven!!!8217;t already, join the forum to reply!
    This Forum tip was included in MoneySavingExpert.com's weekly email!
    Last edited by DreamerHelen; 18-04-2018 at 9:35 PM.
    Committed To Paying Off My Debts AND Saving
    3-6 Month Emergency Fund #1 £0/£6000
    General £1000 Emergency Fund #13 £0/£1000
    Saving For Christmas 2018 £1 per day #13 £4/£750
    MSE Sealed Pot Challenge #089 - £276.70 Banked For 2017/2018 - Stars from SueUU x25
Page 93
    • moneyonmymindsam
    • By moneyonmymindsam 11th Mar 18, 10:41 PM
    • 1,406 Posts
    • 4,281 Thanks
    moneyonmymindsam
    Hi I would love to join - although I think I am going be here a while

    My total is a whopping £4389 - for three months please which i would like to do by 2019.

    OMG !

    so £1.00/4389 - as i had to open it with something
    Emergency Fund Challenge
    • Dobbibill
    • By Dobbibill 11th Mar 18, 11:20 PM
    • 3,054 Posts
    • 3,974 Thanks
    Dobbibill
    Welcome aboard moneyonmymindsam,

    When Helen pops in she will give you a number and add your target and progress to the first page.

    In the meantime, keep us updated - we are a friendly bunch and will be cheering you on from the sidelines.

    We are all in it for the long haul - this is definitely a stroll not a sprint for us all You are out of the starting block already with £1 more than you had yesterday.

    Dobbi
    I'm a Board Guide on the Energy, Student Money Saving, UK Armed Forces and
    Local Money Saving - Wales boards. I'm a volunteer to help the boards run smoothly, and I can move and merge posts there.
    Board guides are not moderators and don't read every post. If you spot an abusive or illegal post then please report it to forumteam@moneysavingexpert.com. Any views are mine and not the official line of MoneySavingExpert.com.


    It's not about being the best -
    It's about being better than you were yesterday.
    • moneyonmymindsam
    • By moneyonmymindsam 11th Mar 18, 11:59 PM
    • 1,406 Posts
    • 4,281 Thanks
    moneyonmymindsam
    Welcome aboard moneyonmymindsam,

    When Helen pops in she will give you a number and add your target and progress to the first page.

    In the meantime, keep us updated - we are a friendly bunch and will be cheering you on from the sidelines.

    We are all in it for the long haul - this is definitely a stroll not a sprint for us all You are out of the starting block already with £1 more than you had yesterday.

    Dobbi
    Originally posted by Dobbibill
    Thanks for the warm welcome
    Emergency Fund Challenge
    • x_raphael_xx
    • By x_raphael_xx 12th Mar 18, 11:02 AM
    • 3,537 Posts
    • 18,432 Thanks
    x_raphael_xx
    A tortoise "running"?

    That I've got to see.
    Originally posted by Bedsit Bob
    People are always surprised to see tortoises are actually quite speedy when they get going. A couple of days ago me and mum were sat watching her do laps around the tortoise table. Usually late afternoon (when shes properly warmed up) she does a few zoomies.
    It drives Duncan mad, he can hear her, but can't see her. He stands up against the glass, which I don't mind until he starts scrabbling against it. I introduce them as much as possible without stressing Donna out, and it seems to be helping. At least he's stopped barking at her noises.
    Debt Free as of 17/01/2009 Turtle Power!!
    May NSD's - 13/19 / Lose weight 11.2 lbs / 50 lbs
    EF Challenger #36 £139.93/£1800
    • x_raphael_xx
    • By x_raphael_xx 12th Mar 18, 12:08 PM
    • 3,537 Posts
    • 18,432 Thanks
    x_raphael_xx
    Shuffled some money around from various pots. Scraped enough together to pay mum back a whole £1000

    So I'm adjusting my target to £2000, and I have £6.25 to start it off

    £6.25/£2000
    Debt Free as of 17/01/2009 Turtle Power!!
    May NSD's - 13/19 / Lose weight 11.2 lbs / 50 lbs
    EF Challenger #36 £139.93/£1800
    • swimminginaseaofdebt
    • By swimminginaseaofdebt 13th Mar 18, 2:08 PM
    • 738 Posts
    • 4,242 Thanks
    swimminginaseaofdebt
    Afternoon everyone

    I joined this challenge quite a while ago but never really got into it. I'd like to try again . I already have a number and I'll keep my target the same. So #65 reporting in with an updated total of £95.40/£9000.
    Last edited by swimminginaseaofdebt; 13-03-2018 at 8:17 PM.
    Pay all debt off by Christmas 2018 #150 - £895.62/£2018
    SPC11 #564
    • xironsongx
    • By xironsongx 14th Mar 18, 8:26 PM
    • 141 Posts
    • 375 Thanks
    xironsongx
    Okay so I've taken the £20 out but placed £100 in.

    Total £100
    Engaged 01-09-17 Wedding £519.78 (BA) £80.22 (Sp) / £5,600 £5,000 left to save
    • LittleMissDetermined
    • By LittleMissDetermined 15th Mar 18, 8:06 AM
    • 2,040 Posts
    • 8,582 Thanks
    LittleMissDetermined
    Hi Helen

    Back from holiday now so Iíve worked out the damage to my fund, almost 3 weeks away took £400 from my fund which isnít bad considering it was a special hol!

    My pot now stands at £5450, 76% of my target.

    LMD x
    Life gets in the way...PADding is addictive... Saving's better than spending...

    £1000 EF Challenge #142 £1000/£1000 ... 3-6Mth Wages Challenge #4 £6050/£7129...
    • moneyonmymindsam
    • By moneyonmymindsam 15th Mar 18, 4:40 PM
    • 1,406 Posts
    • 4,281 Thanks
    moneyonmymindsam
    Hoping to put my next bit of funds towards the goal on friday as paid the cc today instead.

    MMSam
    Emergency Fund Challenge
    • 166million
    • By 166million 16th Mar 18, 10:38 PM
    • 1,206 Posts
    • 5,061 Thanks
    166million
    Have not done much savings lately, at risk of losing count have added £10

    £630 total
    **Debt Free as of 15:55 on Friday 23rd March 2012**And I am staying that way
    377 166million Sealed Pot Challenge 2018 No. 90: Emergency fund £637
    My debt free diary http://http://forums.moneysavingexpert.com/showthread.php?t=3630099
    • skye blue
    • By skye blue 20th Mar 18, 6:59 PM
    • 127 Posts
    • 540 Thanks
    skye blue
    hi guys

    u ok helen

    please add £30 for this week (total £1,080) now

    thanks
    • Dobbibill
    • By Dobbibill 20th Mar 18, 7:47 PM
    • 3,054 Posts
    • 3,974 Thanks
    Dobbibill
    Hi All,

    Helen - I hope you are well. I know you've had it rough for a while - hopefully life will cut you some slack, you do deserve it

    #2 Update - £130 added - new total £4641.93 aka 51.58%

    Keep on keeping on everyone

    Dobbi
    I'm a Board Guide on the Energy, Student Money Saving, UK Armed Forces and
    Local Money Saving - Wales boards. I'm a volunteer to help the boards run smoothly, and I can move and merge posts there.
    Board guides are not moderators and don't read every post. If you spot an abusive or illegal post then please report it to forumteam@moneysavingexpert.com. Any views are mine and not the official line of MoneySavingExpert.com.


    It's not about being the best -
    It's about being better than you were yesterday.
    • carbootcrazy
    • By carbootcrazy 20th Mar 18, 8:35 PM
    • 4,719 Posts
    • 26,765 Thanks
    carbootcrazy
    I hope you're all well and have got through the terrible weather of this past few weeks unscathed.


    Let's hope Spring has sprung at last. Well, it will have on Sunday after we put the clocks forward. The longer days always tend to lift the spirits. Let's hope we'll all find some extra motivation to get some money saved
    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.
    • 166million
    • By 166million 22nd Mar 18, 7:36 PM
    • 1,206 Posts
    • 5,061 Thanks
    166million
    ok i think i have definitely lost count! I've added £3 today so am going to go with 633 total
    **Debt Free as of 15:55 on Friday 23rd March 2012**And I am staying that way
    377 166million Sealed Pot Challenge 2018 No. 90: Emergency fund £637
    My debt free diary http://http://forums.moneysavingexpert.com/showthread.php?t=3630099
    • DreamerHelen
    • By DreamerHelen 25th Mar 18, 8:25 AM
    • 2,555 Posts
    • 13,671 Thanks
    DreamerHelen
    Morning Everyone...

    Things are looking up for the past week or so....I've started to eat more healthily which I think is helping my self-esteem and the way that I feel...So I'm feeling more positive at the moment...Let's hope it lasts... Which I'm feeling positive that it might....

    Thank you for all of your concern...I'm doing MUCH better...

    I'm going to try to start putting something in my Emergency Fund over the next few Weeks...I need to start building it up again....although I haven't taken any out which is a good thing...

    So here's to the Updates.... xXx

    xironsongx - Welcome Welcome Welcome!! It's lovely to have you here....I've added you to the Members List on the first page....You're doing GREAT already...do come back and let us know how you're getting on...We're a very friendly group xXx

    Dobbibill - I've Updated the First Page...You're doing AWESOME!! Keep going....And thank you for welcoming people and helping when I can't be here...I'm doing okay, let's hope that the past Week is a sign of good things to come for me.. xXx

    x_raphael_xx - I've Updated the First Page...You're doing BRILLIANTLY!! Don't feel guilty...we all do the best that we can do in any given situation....and that's all you can do...and you're doing great... xXx

    skye blue - I've Updated the First Page...You're doing AMAZING!! I know you will get there....You're brilliant and an inspiration...I know that things can get tough but even if you can only put a pound a month in it's something and right now you're doing great so take heart and keep going hun xXx

    patman99 - I've Updated the First Page...You're doing GREAT...Keep on going...I hope you are well xXx

    Bedsit Bob - It's great to see you...how are you doing? xXx

    moneyonmymindsam - Welcome Welcome Welcome!! It really is lovely to have you here...I've added you to the Members List and we'd love to know how you're getting on....You've started and that's the main thing xXx

    swimminginaseaofdebt - I've Updated the First Page...You're doing AMAZING...Keep on going...and Welcome Back xXx

    LittleMissDetermined - I've Updated the First Page...You're doing INCREDIBLE....Keep on going and moving forward....How was your Holiday? xXx

    166million - I've Updated the First Page...You're doing GREAT....You CAN do this xXx

    carbootcrazy - Let's hope Spring is finally here...how are you doing? xXx
    Committed To Paying Off My Debts AND Saving
    3-6 Month Emergency Fund #1 £0/£6000
    General £1000 Emergency Fund #13 £0/£1000
    Saving For Christmas 2018 £1 per day #13 £4/£750
    MSE Sealed Pot Challenge #089 - £276.70 Banked For 2017/2018 - Stars from SueUU x25
    • LittleMissDetermined
    • By LittleMissDetermined 27th Mar 18, 8:30 AM
    • 2,040 Posts
    • 8,582 Thanks
    LittleMissDetermined
    Morning Helen!

    Holiday was fab thanks but is now a distant memory! It!!!8217;s pay day today so added more to the pot which is now £5750, making up for some of that holiday dip.

    There!!!8217;ll be some more to be borrowed back over the next few months but I like to keep it away from the current account

    LMD x
    Life gets in the way...PADding is addictive... Saving's better than spending...

    £1000 EF Challenge #142 £1000/£1000 ... 3-6Mth Wages Challenge #4 £6050/£7129...
    • datlex
    • By datlex 27th Mar 18, 11:18 PM
    • 1,624 Posts
    • 1,532 Thanks
    datlex
    Update on my savings at present: £10750. So covers my 6 months if I need it. Put possibly buying a house on hold for a few months.
    • moneyonmymindsam
    • By moneyonmymindsam 27th Mar 18, 11:45 PM
    • 1,406 Posts
    • 4,281 Thanks
    moneyonmymindsam
    Thanks Helen for your lovely welcome message



    Woo hoo I have a number so best knuckle down and commit to this emergency fund malarkey

    MMSam Or just call me 98 from now on


    Last edited by moneyonmymindsam; 27-03-2018 at 11:53 PM.
    Emergency Fund Challenge
    • DreamerHelen
    • By DreamerHelen 28th Mar 18, 6:12 AM
    • 2,555 Posts
    • 13,671 Thanks
    DreamerHelen
    Morning Everyone...

    Yesterday a rubbish day but I have to stay positive....Need to put some more money in my Emergency Fund....which I'm going to try and do over the next few Weeks....

    Here's to the Updates.... xXx

    LittleMissDetermined - I've Updated the First Page....You're doing AWESOME...Keep on going....I'm glad that your Holiday was so good.... xXx

    datlex - CONGRATULATIONS on achieving your Goal...I had your Target as much less but you said you've got enough now for your Emergency Fund....let me know if you want to start another one....But that's GREAT that you've achieved this one...You're GREAT and an inspiration... xXx

    moneyonmymindsam - You really are most Welcome....We would all love to hear how you're getting on...so get to it ... xXx
    Committed To Paying Off My Debts AND Saving
    3-6 Month Emergency Fund #1 £0/£6000
    General £1000 Emergency Fund #13 £0/£1000
    Saving For Christmas 2018 £1 per day #13 £4/£750
    MSE Sealed Pot Challenge #089 - £276.70 Banked For 2017/2018 - Stars from SueUU x25
    • skye blue
    • By skye blue 28th Mar 18, 7:33 PM
    • 127 Posts
    • 540 Thanks
    skye blue
    Hi everyone

    U ok helen, keep going you keep us all going so take heart from that we really appreciate what you do

    Please add £270 for this week, its mostly from my wage (before i spend it) but a bit from surveys and cash back

    Have a great easter eveyone
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