www.iva.co.uk

Just about to comlete my IVA application details (Payplan) Am i being totally naive in thinking that it means no holidays for the next five years at least? If so does anyone know where i can get a cheap suit of armour. Wife has 2 jobs and the thought of no holiday for her will put me in the doghouse big style!!

No, ytou can go on holiday. We've been abroad twice (courtesy of family paying) and a few posters have done some of the sun holidays.

Hi

If you can make savings from your agreed expenditure allowance or your share of any overtime/bonus you are free to spend that money however you want.

Regards

A couple of weeks in Greece might be on the cards if they fall out of the Euro. Ironically, it's also the first European example of a country going into an IVA - austerity in return for debt write-off and interest rate concessions !

Buy a tent, it will solve the holiday issue and you may need it if your better half thinks otherwise. [}:)] Far more comfy than a dog house, eek.[xx(][xx(]

I'm sure you can save a bit for a holiday - I managed to save some each month by being extreemly frugal.

Is it just you or both of you going into the IVA? If just yourself then hopefully your wife will be able to save a little bit too.

Most of my clients do manage to take modest family holidays - there are some great deals you can look into and even taking shorter breaks to visit family members can be just as good as that two weeks in the sum which may historically have been funded by the plastic cards. If you earn overtime, you can save your share towards holidays as well.

font size="1" face="Verdana, Arial, Helvetica">quote:<hr height="1" noshade>Originally posted by kazzafunk

I'm sure you can save a bit for a holiday - I managed to save some each month by being extreemly frugal.

Is it just you or both of you going into the IVA? If just yourself then hopefully your wife will be able to save a little bit too.

Joint IVA application, i messed up but have managed to drag the wife into it[V] Just curious it says on your profile going into an IVA best thing you ever did, want to explain?, i'm intrigued.[:)]

I think going into an IVA is probably one of the best decisions a lot of people on here have made!
Acknowledging the fact you've made financial mistakes and doing something about it rather than burying your heads in the sand is such a great feeling!
And for me, yes it's going to be a struggle but no harder than it has been in the past and knowing that by the time i'm 36 I'll be completely debt free feels amazing!! [:D]

im in my last year of my iva, and i have been on holiday every year so far (abroad). i paid off my holiday a bit every month, booked in year in advance, so payment were small.
had no problems with my IP

font size="1" face="Verdana, Arial, Helvetica">quote:<hr height="1" noshade>Originally posted by vimto1029

I think going into an IVA is probably one of the best decisions a lot of people on here have made!
Acknowledging the fact you've made financial mistakes and doing something about it rather than burying your heads in the sand is such a great feeling!
And for me, yes it's going to be a struggle but no harder than it has been in the past and knowing that by the time i'm 36 I'll be completely debt free feels amazing!! [:D]

Decent reply but, i am 54 and havn't even started. Thanks anyway[:(]

well for us it's the best thing we ever did, I appreciate you are older than vimto but for us (we are in our late thirties/early forties), if we hadn't have gone down the IVA route we would have been looking at a DMP for around the next 20 years, I would much rather have 5 years of hardship and really watching our budget and then be free than 20 years of a DMP!

iamfubb2,
I am 49 and hubby is 63 we feel the IVA was the best thing we ever did, hubby will be drawing his state pension before our IVA finishes in 2 years time but at least we now when it is complete we are debt free, and will still be young enough to enjoy life a bit before we sit in a chair dribbling all day. [:D][:D]

We have managed a holiday each year so far although it does mean planning well in advance, we save up as much as we can from our allowances and my share of a bonus etc, then when we find a holiday where we want to go at a reasonable price we book it.

We have been lucky in that no major appliances have broken etc so we have managed to save our continguency each month which has helped.

We managed a week in Blackpool last year. Stayed in the Travelodge and the weather was terrible but the kids loved it. This year, my in laws have very kindly paid for us to go to Butlins for a week. Not expensive foreign holidays but it's a break all the same.

I think thats all everyone is happy with..it doesnt have to be 2 weeks somewhere exotic all inclusive..just a break is what we all need and want..and especially when you have kids..they are more than happy with a bucket and spade on the nearest beach!