Cash and Income/Expenditure

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vito

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Post by vito » Fri Jun 19, 2015 6:51 pm
Hi

Have my review with CF in a few weeks time.

I'm self employed - my personal and business bank account is the same (easy to keep my money in the same place).

With regards to IE, does anyone just withdraw cash weekly to pay for items as per their IE rather than use a debit card?

CF want 6 month bank statements and apart from the very few DD's I have most of my outgoing is cash withdrawals which I spend as close to the IE form I filled in with PJG. Don't think that would be a problem with CF?

Thanks for the help
 
 

Foggy

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Post by Foggy » Fri Jun 19, 2015 8:07 pm
They are more interested in income rather than spending.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
 
 

ridingthestorm

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Post by ridingthestorm » Fri Jun 19, 2015 8:27 pm
Hiya, I withdrawal all my money from the bank on or around payday with exception of DDs and standing orders. For me, this is the best way I find to budget. I pop the money in labeled jam jars and that's my way of banking since my IVA.
Loved Money, Hate Credit, Road to Recovery.... IVA started 3/3/14 -- IVA F&F accepted 18/5/17 :D
 
 

Foggy

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Post by Foggy » Fri Jun 19, 2015 8:36 pm
That's how I started, ridingthestorm, then I graduated to using one cashminder account for the DD's etc and transferring the balance into the "housekeeping" cashminder account ---- this was once I had got the courage up to use a debit card again!
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
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