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What do you have left

Posted: Wed Nov 15, 2017 1:03 am
by Vics1928
Hi,

What do you have left money wise after all your bills and food had been paid for and iva payments

Also what is the amount you pay into a emergency fund

What do you have pots for so to speak

Re: What do you have left

Posted: Wed Nov 15, 2017 7:49 am
by Foggy
At the end of each month you should only have whatever you have saved from buying on special offer etc., maybe a tenner allowed for emergencies (yeah !!) and the allowances which go towards allowed expenses that do not get paid over every month (dentist, hairdresser, prescription charges, maybe fuel allowance -- that sort of thing, kept in the proverbial "pots" ). If you are lucky you might also have left over your share of overtime and bonus payments (about 50%). Broadlly: Income less agreed expenses equals the IVA payment.