Expense Sheet Tips.

3 posts Page 1 of 1
Post Reply
 
 

stevem35

User avatar
Posts: 11
Joined: Wed Jun 25, 2008 6:17 pm
Location: United Kingdom
Post by stevem35 » Sun Jun 29, 2008 1:07 pm
Quote
Hi Everyone.

Just filling in my expense sheet ready to send to my IP....Anyone got any tips on what i should sensibly put....How can you answer things such as clothing/footwear and medicines/prescriptions...You just get these things as and when don't you? Even more so when you have 2 young children...And sundries/emergencies?

HELP!!!!! Steve [:0]
Last edited by stevem35 on Sun Jun 29, 2008 4:47 pm, edited 1 time in total.
Top
 
 

sjbyron

User avatar
Posts: 442
Joined: Wed Oct 17, 2007 12:15 pm
Location: United Kingdom
Post by sjbyron » Sun Jun 29, 2008 2:59 pm
Quote
Hi

Just put down what you feel you need, obviously within reason, but dont be to tough on yourself, i the end of the day, you need to live by this budget for 5 or 6 years so if it doesnt provide you with much it may fail.

Saying that contingency is usually £50 - £75 a month.

Your IP or their supervisor will tell you if its too much. But dont let them sway you into a very tight budget just to get a quick IVA through.

Hope that helps
Stu J Byron
Top
 
 

MelanieGiles

User avatar
Industry Expert
Posts: 47612
Joined: Tue Jan 09, 2007 10:42 am
Location:
Post by MelanieGiles » Sun Jun 29, 2008 5:16 pm
Quote
Try and base the figures on what you have spent over the last year. It is a good idea to keep some form of record of your spending in these areas so that you can accurately predict your requirement over the following year.

As a pointer the CCCS allow a £40 contingency for a family of two adults and two children.
Regards, Melanie Giles, Insolvency Practitioner
Top
Post Reply
3 posts Page 1 of 1
Return to “postings for june”