Once your in the IVA it can be done if you can earn any extra as you get to keep 10% then 50% of any nett extra income if you have that clause. I was lucky enough to get a yearly bonus so in those sort of instances you can save whatever you can. It can make the whole thing a lot easier.
Its important that the IVA is running, as once its running they don;t ask about bank accounts, and there is nothing to stop you from setting up a new savings account, as its universally agreed that its a good thing to have a rain day fund.
So, IVA is running, all calculations have been set, and not many people spot, but after rent / mortgage, food is a really big expense.. so thats your savings pot, here is how you roll it so you can squirrel cash away
Open a Sainsburys Bank savings account (Has to be them), then start shopping at Sainsbury, oh but they are expensive.. no they aren't, they are if you don;t follow closely..
Get used to own brand, noodles and all that jazz, you need to drop the food budget down, then the bank account has a feature called saveback (which is genius)
You have over your debit card, nectar card (obviously, points make prizes and all that), and your savings account card, and if you bill is like £50 less than it usually is by sticking to own brand, eating cheap stuff, getting stuff that is short on shelf life, then you saveback that.. come review time, your bank account shows only shopping at Sainsburys, where as you have an account that they never asked about and you never told about with a bunch of cash in there for a rainy day (You can access it via ant cashpoint as well.
Loopholes like that make IVA's a bit easier and the rules never got broken, but a little bit bent
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