Iva living budgets

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Vicstar1928
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by Vicstar1928 » Sun Apr 08, 2018 9:34 pm
Hi

Can I ask what are the guidelines that iva companies work off for living expenses such as food shopping, emergency savings etc or is this done out of things you save from allowance
Can I ask what your budget is for food shopping a week xx :roll:
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luluj
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by luluj » Mon Apr 09, 2018 1:47 am
Iva allowances are only a guide - your iva expenditure should be based on your actual spend - everyonr is different.

Food wise - I had an allowance for 2 adults that equated to about £50/wk but that was some years ago now.

I only saved into an emergency pot when I was able to make savings on different lines of expenditure - like clothing allowance; optician / dental / prescription costs etc
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Foggy
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by Foggy » Mon Apr 09, 2018 6:59 am
Food shopping per week guideline figures are £170 (£222 max) for a single adult. £287 (£354 max) for a couple and £71 (£86 Max) for each child.
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kallis3
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by kallis3 » Mon Apr 09, 2018 8:01 am
Put down what you spend and, if necessary, your IP will adjust it. Buy cheaper items and look out for the reductions. Most people on here recommend Aldi and Lidl.
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