I haven’t gambled but ...

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sam821

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Post by sam821 » Tue Jan 14, 2020 8:06 am
Hi there I entered im coming up for my second review in my IVA. One of the conditions is that I show yearly bank statements free of gambling activity. I haven't gambled and have stuck to this. I've found my way of budgeting is to withdraw cash however for different things within the month i.e food fuel etc. I do this in the same day so my statements can show two separate withdrawals of 150 pounds in one day. Will this be a problem and could that be deemed as gambling activity because it really isn't? It's just I find this an easier way of managing my finances. Ive never missed IVA payment and always pay in surplus income. Just a bit scared as it says IVA will be terminated immediately if statements show gambling activity.

Foggy

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Post by Foggy » Tue Jan 14, 2020 9:11 am
Well ... bottom line .. there is no gambling activity on your statements ! Many of us budget this way, being far easier to track jam jars of cash. When I started I was simply afraid to use my debit card for purchased and it took a fair while until I could use anything other than cash !
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
http://foggy.blogs.iva.co.uk

sam821

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Post by sam821 » Tue Jan 14, 2020 9:55 am
Thanks Foggy. So do you think it will be fine then? I'm just worried as they may wonder why several large withdrawals are made in the same day and see it as gambling activity? Can they make that assumption? Sorry if it sounds like I'm over worrying but the last thing I want is for my IVA to fail.

Foggy

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Post by Foggy » Tue Jan 14, 2020 10:13 am
They cannot fail your IVA on an assumption. You have a perfectly reasonable explanation and they have nothing to suggest otherwise. If it bothers them, they may request that you do things differently going forward.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
http://foggy.blogs.iva.co.uk

sam821

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Post by sam821 » Tue Jan 14, 2020 10:23 am
Phew thanks, I don't know why I panic so much, just I don't know what their criteria for gambling activity is? I figured they may see the several withdrawals made in the same day as gambling ( which it could look like) but I genuinely just like to draw the money out and put in titled envelopes such as " food" " petrol" "clothes" etc. I'm probably just worrying over nothing though.

WallE

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Post by WallE » Tue Jan 14, 2020 12:51 pm
I can't see it being an issue, but some IPs are better than others and might question it if it's a regular withdrawal in cash.

Like Foggy says; they can't act on assumption but it doesn't stop them potentially kicking up stink.

If you're really worried, maybe start keeping all your receipts? This can be really handy for budgeting too, especially if you're using the jam jar approach and can't see it on a statement.

I use a camera phone to take photos of my receipts and have a folder on Google drive for each month, week etc. and I just upload the receipt photos. Really handy for keeping track of your spending!

sam821

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Post by sam821 » Tue Jan 14, 2020 1:25 pm
Thanks, yes this would be a good idea to start doing this as back up. I only dawned on me a couple of months ago that how will I prove that the money I've withdrawn hasn't been gambled? Perhaps I should just start taking all the money out in one go rather than separately? Only problem with that is that I don't like to carry large amounts at any one time! I can't win lol. It's been playing on my mind and I worry they may deem it as gambling activity.
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