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Posted: Fri May 09, 2008 10:00 pm
by c.j
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?
Posted: Fri May 09, 2008 10:07 pm
by joh71262
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 ?
Posted: Fri May 09, 2008 10:35 pm
by Lisa2009
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.
Posted: Sat May 10, 2008 12:04 pm
by suzanne100268
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.
Posted: Sat May 10, 2008 11:36 pm
by Lisa2009
Thats a great idea and will lessen the burden and worry when christmas comes along.
Posted: Sun May 11, 2008 4:58 am
by TheMatrix
We have a Christmas savings club at work, that really helps.
Posted: Sun May 11, 2008 5:18 am
by Shining
I buy the saver stamps in Morrisons each time I do my shopping, got almost £50 to date. Hoping to make £100 by christmas
Posted: Sun May 11, 2008 1:13 pm
by facingittogether
my hubby saves at work too!
every little helps lol!
barb x
Posted: Mon May 12, 2008 8:35 am
by angela18
I'm trying to save any spare cash for birthdays/christmas etc!! putting it in with contingency fund money etc..