Can I save money during Iva??

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emanuela
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by emanuela » Sun Dec 24, 2017 3:30 pm
Can I save money during Iva??
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kallis3
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by kallis3 » Sun Dec 24, 2017 3:34 pm
Hi,

Anything left after your payments or your allowances is yours to save if you wish as long as it is not too much.
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Foggy
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by Foggy » Sun Dec 24, 2017 4:21 pm
As Kallis says, you can save anything you manage to keep from your agreed allowances, as long as this is modest -- if you consistantly save, say, half your housekeeping the creditors will re-think the allowance as being too generous! You can also save your share of any overtime or bonus payments as well as those elements of the allowances which need to be saved for the day they become due: Optical / medical / dental, car repairs, emergency fund, etc.
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MerlinL14
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by MerlinL14 » Sun Dec 24, 2017 8:50 pm
You really should 'try' and make savings while in your IVA, even £2.00 put away a month soon adds up. As we know, sods law will dictate that it will be needed sometime during your journey.
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