Expense Sheet Tips.

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Post by stevem35 » Sun Jun 29, 2008 1:07 pm
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.


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Post by sjbyron » Sun Jun 29, 2008 2:59 pm

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


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Post by MelanieGiles » Sun Jun 29, 2008 5:16 pm
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
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