Thanks Froggy! Your so helpful. You were very welcoming on my first post too.
My budget has things like Medical/Dental costs - these arent things I would necessarily pay for a monthly basis, am I best to withdraw those funds from my account as cash and put away?
Also, am I able to pay for things in cash? Or do I need to leave a trail of everything budget wise on my bank statements?
I have been given more wages than I originally declared for my IVA, for a small while only as I am not yet getting taxed - so this provides me more disposable income, its included within my 10% allowance, and then anything over that I understand is split and paid to the IVA, but I just worry come my review, they'll expect it to be increased permanently, although my wage will go down once I start getting taxed again.
My budget has been done so it literally leaves me dead on for disposable income to match my IVA payment, since I've never really budgeted before, things like Car Fuel is only a guesstimate, what happens if I go over the petrol figure?
I can earn bonus, but its a hit your figures kinda situation, so its not guaranteed every month. It says in my paperwork, any overtime/bonus ect isnt included as disposable income, but is just dealt with via 10% for you, split the rest make over payments agreement. But if I get it every month, this wont change will it, as its not guaranteed moving forward?
Presumably, if I have continuous free money left at the end of every month, this is the amount the Creditors would wish to increase my IVA payments by, am I correct?
For the 6 monthly/yearly reviews, do I need to supply all paperwork or is it just bank statement/wage slips that are required?
I am so sorry for all the questions, I just really need to get this all straight in my head ,I am hoping after a few months it'll just become second nature. I am just kean to get started in a good way and make good habits!
Failure to prepare, is to prepare to fail and all that
Thanks for any help!!