Well noted.....Like I said I could not do it nor that I have tried....I will say this that in these dark times earning a living is diffiuclt and when you earn a bit extra it does not seem fair to give it or part of it into the IVA. When you have children who miss out on certain things the other kids have you kinda find it harsh. I know we have probably all been there but when you work hard the little extras make you human....As they say you are a long time dead.
Unfortunately, we did all borrow the money and have an obligation to pay back as much as we can afford - at least we know the creditors will write off the remaining amount.
I'm afraid we do all have to suffer and try and make savings from our allowances for treats for the kids.
I fund Christmas by doing online surveys and earning cash sometimes, and vouchers. It certainly helps.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
Kev, I am afraid the bonus will be taken as income for the month in which it is paid, so you only get one 10% disregard on the whole lot. If you work for a smaller company they might be able to pay it in monthly installments.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
Kate -- I find it helps to look at it this way (based on my figures). Assuming no extra payments, over the IVA I will pay in roughly £27,000 on debts of about £60,000. So, right away I am £33,000 "up". Add to that the interest I would have paid on the debt over the 5 years, you could probably, easily, double that figure! So, over 5 years I am "saving" nigh on £70,000 !! Any overtime I do have to pay over won't make much of a dent in that!
Incidentally, if I wasn't in an IVA I would have paid around £60,000 over the 5 years, and still owe the original debt, as I was only just covering the interest each month!
Frightening, isn't it?
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
Kate - you'd be amazed how much you can get in vouchers just from doing the surveys.
I don't have a large family anyway and my stepkids know of the IVA and so don't expect a lot and I do use the vouchers as presents.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
I, too, cover Christmas and Birthdays with survey vouchers. And the Tesco clubcard points buy Christmas luxury foods ( not that I have many of those, being a bear of very simple taste ... as well as little brain !!!)
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
I actually did sign up to do these type of surveys.....but it is not worth it....some surveys take 20 mins and they only give you 50p.
Others give you points to exchnage for cash or vouchers.
I did the equivelent of 8 hours and 15 mins worth of surveys etc over a course of a week.
It paid out £6.50 and a £2 Argos gift card.
If you have time to sit in front of a computer and do this then fair play to you but I would rather go and do something more recreational.
You have to way it up and in the end it got in the way of my social agenda if you know what I mean.
But anyone who gets a lot more than I did I will gladly take my hat off to you
It might not sound much for 8 hours worth of effort, but it addds up over the course of a year. When you have no other options to earn extra cash for treats such as christmas even a small amount for a lot of effort is worth it.
I spend 20 mins per day max, and get screened out of a lot of them, however saved them all up and had £150 towards christmas/january sales. If you need the extra cash, find its worth persevering..
Louiseh - You are totally right it would add up but for me it only earned about a £1 per hour.
Probably a bit less given you are using electricity to power your computer.
I went to a car boot sale for an hour early Dec.
Bought some old crockery for £5
Lumped it on ebay and someone paid £32.75 for it.
The point I am trying to make is that you can spend hours earning pennies when you can look at other opportunites which take a lot less time.
font size="1" face="Verdana, Arial, Helvetica">quote:<hr height="1" noshade>Originally posted by nepensioner
I spend 20 mins per day max, and get screened out of a lot of them, however saved them all up and had £150 towards christmas/january sales. If you need the extra cash, find its worth persevering..
I'm afraid I'm very anti social so spend most of my spare time on the forum and doing surveys.
It's paid well for me over the years.
I do Ebay as well.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
