Savings account

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mumof3
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by mumof3 » Fri Feb 23, 2018 2:01 pm
Hi everyone.

The money we put aside each month for emergencies and things such as car maintenance which we don't need every month, can we put this in to a savings account? I don't like to think of cash sitting in the house.
We will have to send in bank statements at our annual reviews. If we haven't had to use the emergency savings for that year (touch wood) would they expect us to pay the money over to the IVA?

Thank you
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Foggy
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by Foggy » Fri Feb 23, 2018 2:20 pm
Many of us use savings accounts for such things, and IP's do not usually want to see statements of savings accounts once the IVA has started.
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kallis3
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by kallis3 » Fri Feb 23, 2018 2:22 pm
Yes you can - most of us do.
mumof3
Posts: 40
by mumof3 » Fri Feb 23, 2018 8:31 pm
Thank you both!
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