www.iva.co.uk

Just going through my son's income and expenditure sheet and it got me thinking. Luckily I haven't had to worry about my spending but I had a quick glance at my credit card bill and noticed a big difference. There are two of us here and we spend more, (quite a bit more,) than he does with an IVA. It got me thinking. How much do you need to get by? With him there are two adults and two children, 9 & 5. They have an amount down for housekeeping as £500/month. Is that high, low or about average? Separate amount for clothes, so they are not included.

I think that is resonable,my wife and I had our shopping at 300 a month and I think that was a tad low
With two adults and two children I would say 500 a month is not excessive

We had ( when we were a "we" ) just over £400 for the two of us and a then school starting toddler. This was a few years ago now, but we managed quite well on it. To be honest, we had more towards the shopping in the IVA than before it !!!

we are a family of 2 adults & 1 child (8) + 2 teenagers on a weekend and we get £440 for shopping which we manage on fine, Like Foggy said more than we had pre-IVA

2 adults here and ours was £280 a month / £70 per week but this included our prescription charges each month as well which about £40 a month at that time

Our prescription costs were included - we had the prepayment

The guideline figure for 2 adults and 2 children is £526 for food toiletries and cleaning. Clothing is another £93 and there is £50 allowed for medical, dental and optical.

I was also allowed £35 for meals at work.

It seems to me there is some flexibility depending on the 'make up' of your family and your family needs - which is actually how it should be as each iva is individual in its set up.