What do you have left

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Vics1928

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Joined: Wed Nov 15, 2017 1:00 am
Post by Vics1928 » Wed Nov 15, 2017 1:03 am
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Hi,

What do you have left money wise after all your bills and food had been paid for and iva payments

Also what is the amount you pay into a emergency fund

What do you have pots for so to speak
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Foggy

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Posts: 33396
Joined: Fri Dec 17, 2010 11:14 am
Location: United Kingdom
Post by Foggy » Wed Nov 15, 2017 7:49 am
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At the end of each month you should only have whatever you have saved from buying on special offer etc., maybe a tenner allowed for emergencies (yeah !!) and the allowances which go towards allowed expenses that do not get paid over every month (dentist, hairdresser, prescription charges, maybe fuel allowance -- that sort of thing, kept in the proverbial "pots" ). If you are lucky you might also have left over your share of overtime and bonus payments (about 50%). Broadlly: Income less agreed expenses equals the IVA payment.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
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