savings

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c.j

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Post by c.j » Fri May 09, 2008 10:00 pm
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can you have savings while in an iva if you can manage to save anything? if you do can the money be taken from you towards the iva?
Iva finished !
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joh71262

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Post by joh71262 » Fri May 09, 2008 10:07 pm
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I have managed a few quid - usually before Christmas time. I did wonder the same thing though. If you can save, then can they take it from you for creditors ?

It more related to holidays really in that if you can save enough for a holiday, by scrimping and scraping, would your IP say that you can then scrimp and scrape to pay the creditors ?
There's light at the end of the tunnel - it's just that sometimes the tunnel seems so long.

IVA Complete June 2009
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Lisa2009

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Post by Lisa2009 » Fri May 09, 2008 10:35 pm
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Anything you manage to save... i.e from savings on shopping to contingency is yours to keep and wont be taken off you.
Try to open a savings account for any contingency money to be saved in, along with anything you manage to save on shopping and such like.

Obviously savings on insurances etc will be declared and proved in your annual review and then taken into account accordingly but anything else you manage to save will be yours to keep.
http://mrsskint.blogs.iva.co.uk/ 'Our Story'


Nil carborundum illegitimi
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suzanne100268

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Post by suzanne100268 » Sat May 10, 2008 12:04 pm
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This year I have given my friend £5 per week from Jan till Christmas and she's saving it for me. We'll have over £200 to spend at Christmas. I also get £2 week saver stamps from the supermarket and this helps with shopping.
IVA completed September 2014. Finaly debt free - final dividend 88p/£
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Lisa2009

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Post by Lisa2009 » Sat May 10, 2008 11:36 pm
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Thats a great idea and will lessen the burden and worry when christmas comes along.
http://mrsskint.blogs.iva.co.uk/ 'Our Story'


Nil carborundum illegitimi
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TheMatrix

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Post by TheMatrix » Sun May 11, 2008 4:58 am
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We have a Christmas savings club at work, that really helps.
We're willing to wipe the slate clean, give you a fresh start. All that we're asking in return is your cooperation.
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Shining

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Post by Shining » Sun May 11, 2008 5:18 am
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I buy the saver stamps in Morrisons each time I do my shopping, got almost £50 to date. Hoping to make £100 by christmas
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
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facingittogether

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Post by facingittogether » Sun May 11, 2008 1:13 pm
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my hubby saves at work too!

every little helps lol!

barb x
12 down - 60 to go! woo hoo!
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angela18

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Post by angela18 » Mon May 12, 2008 8:35 am
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I'm trying to save any spare cash for birthdays/christmas etc!! putting it in with contingency fund money etc..
Ang.. 13 payments in.. WOW, thats over 20% paid!! http://angela18.blogs.iva.co.uk/ well here we go

if you wish for a rainbow... then you have to put up with the rain xx
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