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Posted: Fri Sep 23, 2011 10:25 am
by redaqua1130
I'm so relieved that my IVA has been accepted! This forum has been a great help, thank you guys for all the words of encouragement. First payment will be in 5 weeks time, since I have stopped paying all my creditors whilst my IVA was in the process of being approved, I have extra money left, is it ok to keep that money for now and spend it?
Posted: Fri Sep 23, 2011 10:55 am
by olydak
Hello Redaqua1130 and welcome to the forum
Congratulations!!!
Yes it is, its a good idea though to build up a contingency fund for eventualities in the future that will crop up from time to time.
Regards David.
Posted: Fri Sep 23, 2011 11:10 am
by animaleyes76
Hi,
welcome to the forum from me too. I'd definitely agree with olydak, there will almost certainly be times when you'll need some kind of contigency fund.
Good luck
Posted: Fri Sep 23, 2011 11:30 am
by Grumple
Congratulations! I hope the road ahead of you is trouble free. Any money you have saved will be helpful for unforseen/unexpected expenses in the future. Good luck!
Posted: Fri Sep 23, 2011 12:08 pm
by Shining
What great news, well done from me x
Posted: Fri Sep 23, 2011 12:31 pm
by Foggy
Well done, great news. It is best that you squirrel away any savings you can make now, to form a contingency fund. I am afraid, over 5 years or so, you will probably need to dip into it.
Posted: Fri Sep 23, 2011 12:33 pm
by shrews
Good news had are's accepted monday it's a great feeling.
Posted: Fri Sep 23, 2011 12:44 pm
by Dan.47
Congratulations. Personally I would save the extra money you will have between now and your first payment. It will be that little bit extra peace of mind.
Posted: Fri Sep 23, 2011 1:06 pm
by redaqua1130
Advice taken, thank you. I will set this extra money aside, I have a jar ready! Im so looking forward to a debt free future!
Posted: Fri Sep 23, 2011 1:41 pm
by Tina Shortland
Congrats on your IVA acceptance - glad you have found the forum helpful and supportive - I hope you stay with us and let us know how things go.
A debt free future is definitely on course for you now - probably a completely different view of life from some months ago!
Regards,
Posted: Fri Sep 23, 2011 2:45 pm
by orange
never really had spare money ...so treat yourselfs! and if same next month put away and save,some months will be harder than others!
Posted: Fri Sep 23, 2011 3:44 pm
by Skippy
I would definitely put most of the extra money aside - you never know when you might need it!
Congratulations and good luck for the future x