www.iva.co.uk

I was wondering that if you have managed to save some money at the end of the iva do you have to hand that money over to your creditors.

If it is only a small amount, then I wouldn't think so.

Have you satisfied the terms of your IVA?

If so, that money is yours to do with as you please.

Hi
As long as you have declared all your income etc during the IVA then any saved money[ could be your share of overtime for example] is yours to keep, no question.
Regards

i managed to save £80 a month, my e and i was spot on, but the way i saved was keeping expenses to a minimum, like i deprived myself form new clothes, didnt use central heating, bought the minimum of food, when i really got in i could spend next to nothing.

For example i could fo a full week and not pay for milk, sugar and coffee and yet i had several cups a day.

But the creditors agreed to my expenditure, but it was choice to deprive and look of ways to save money so i never felt guilty about it

I could never deprive myself of heat - the central heating would be one of th last things I'd cut back on!

you never notice it, i used to wear a jumper and use a duvet while watching tv, it was very much comforting, but its only the same as sleeping in bed, because most people dont have the heating on when they are in bed

That's a good point. I still won't be trying it though!

i dont do it now, especailly with the twins and now i am no longer in an iva, but still very carefull with money

I'm afraid that I won't scrimp on my heating either! I hate the cold.

My excuse for turning the heating up is that the cat doesn't like being cold! I was happy last winter as the thermostat was broken and we had the heat full blast every time it was on. The bills were a bit high, but I was nice and toasty!

I don't need an excuse! I just love being warm!

We're having a battle with the heating in my house at the moment - Mum and I are shivering in our fluffy dressinggowns, while hubby is complaining about being too hot and is wandering around in shorts and flip flops! I think the girls will win!

Its always nice to come home to a warm house, our heating is on all the time. I'd agree id never cut back on the heating!! its already cold enough outside

I'm always too hot. I spend the enitre night turning the heating off when they turn it on. I sleep on the settee more often than not because i'm too hot.