www.iva.co.uk

Hi all I am just completing my 4th year annual review! For the life of me I cannot find any of my previous years forms. I am filling it in honestly with what I actually spend. Does anyone know if £20 a month on clothing just for me is too much? I recently have been trying to save £20 a month so after a couple of months I can get a decent item of clothing rather than cheap ones.

I think I put £10 a month previously but I was dipping into my food shopping money. Even with £20 I am still have £8 left compared to current payments that could go to creditors should they want to take it!

Hi Liz! 4th review...well done!! I'm not even half way to my first yet and am already wondering what my IP will ask for! I know some want bank statements and all sorts but havent a clue what mine will want!
My current allowance for clothing is £65 a month but thats for 2 adults and a child so I assume that's supposed to include school uniform too! (as if i could get it all for that though!!) x

I must say the first 2 years were the hardest! Luckily I have a very supportive boyfriend. He treats me now and then and takes me out but he doesnt earn much money either and pays 70% of the bills and mortgage. I am just looking forward to next Oct when it will end as I dont have any equity clauses etc as the house isnt mine. Will be able to start my 30's the following year with a clean slate and nothing on my credit records! Hopefully yours will run smoothly too! I have a few ups and downs with losing jobs twice through redundancy but I prob have it a tad easier as my partner is solvent and very strict with his money! Which is good for me! When I started the IVA he cut up his credit cards too and has left one at his parents house for emergencies!

Hi Liz

I used this when i was working out my personal budgets

http://www.nationaldebtline.co.uk/engla ... budget.pdf

Hope it helps

hi liz i think ours is around 80 a month 2 adults 2 kids and school uniform is seperate from this well done on getting this far

Hi Liz

Can you ask your IP provider for a copy of last years I&E forms ?

Regards

This is easily e-mailed and would take someone about 30 seconds to do for you. Give them a ring as ask, as to have comparitive figures from last year is pretty essential to work from.

Many thanks for your comments. Have emailed them now and await a response.

Hi Liz - hope you get a postive response as it will help you enormously. It is hard to try and put them down from scratch again - it is better to work off what you have had as you know whether that felt enough or if there were areas that were tight.