Shopping allowance

[debtdumb]

Hi,what is the allowance for 2 adults and 3 children (one of which is 17) for shopping per month in an iva? Ours was set at £450/month when we started in May 2009.With the continuing price rises is it reasonable to ask for an increase at our annual review? thanks

[lem]

That's definitely on the low side, I would have thought it would be over £500? Do you know roughly how much you spend?

[debtdumb]

we are spending an average of £120/week.Our contingency/emergency is always used for shopping.We also buy shops own or cheaper products to make it stretch.

[lem]

How much of your contingency are you using in addition to the £120 a week?, if you multiply the £120 x 4.3 that gives you a spend of £516 per month, add your contingency spend to that and put it to your IP and see what they say?

[debtdumb]

Ok thanks for that,will see at our annual review as our mortgage payments have just come down too so guess iva contribution will be changing anyway.

[luluj]

If you are struggling then don't wait for your annual review. You can a request a review at any time but hopefully the reduction in mortgage can be offset on the additional household costs.

[mothergoose]

I wonder if they ever raise the expenditure figures? as food and heating is going up all the time .And a lot of people are on pay freezes and getting no cost of living rises so that leaves them struggling..so when its time for the review they have no extra income to declare ..Yet everything has risen in price..surely their guidelines must rise at some point also ???

[lem]

I believe CCCS figures have just been revised at the end of 2012, what I would like to know though is when they are going to start using the more realistic figures in the CFS guidelines rather than the artificially low CCCS guidelines

[UpToMyNeckInIt]

font size="1" face="Verdana, Arial, Helvetica">quote:<hr height="1" noshade>Originally posted by lem

I believe CCCS figures have just been revised at the end of 2012, what I would like to know though is when they are going to start using the more realistic figures in the CFS guidelines rather than the artificially low CCCS guidelines

My cynical view is that creditors will never agree to the CFS figures (even though the IVA protocol allows either). This is because the figures that have been dreamed up by their buddies at Stepchange (CCCS), are lower, thus increasing creditor return.

Anyone know where to download the Stepchange 2012 figures? I can only find the 2011 budget guidelines.

[lem]

Then I must be cynical too uptomyneckinit

[Foggy]

We is all cynics [:D]

[MelanieGiles]

The miniumum under CCCS guidelines is £347 and the maximum is £587. So your budget of £120 per week would appear to be well within those figures.