dwlt in Edinburgh is doing 27 things including…

have 3 months worth of salary in my emergency savings fund

55 cheers |

dwlt has written 7 entries about this goal

Untitled  — 10 months ago

41%

Update  — 11 months ago

26.5% of my target saved, and if you include the shares (which I could easily sell in an emergency), it jumps to to 37% of my target. Of course, my aim is to get to 100% in instantly available cash, since the share value will no doubt fluctuate too much to rely on it.

17%  — 12 months ago

Getting there.

I just realised...  — 1 year ago

...that the completion terms of this goal could alter if I were to receive a payrise, even though my expenses wouldn’t increase (I would just save mo’ money, mo’ quickly).

So, on that basis, I’m going to cap this goal to be £X,X00, based on salary at the time of setting the goal. Of course, I’m not expecting a payrise anytime soon, but stranger things have happened!

Emergency Fund Worksheet  — 1 year ago

This turned up in my blog reader this morning, and I thought I’d share it.

Interestingly, my calculations for 3 months worth of expenses turned out to be the equivalent of one pay cheque for me. That means that completing this goal would give me 9 months of emergency funds, which is pretty good. I suspect that’s not wholly accurate, and I was probably underestimating my transport costs (I just made rough guesses rather than looking them up). Also, I ignored “other debt” repayments since I won’t have any after March.

10%  — 1 year ago

A reasonable start.

Current Prediction  — 1 year ago

This will be completed by the end of the year, at the very latest.

dwlt has gotten 55 cheers on this goal.

 

I want to: