Advice needed re expenditure - possibility of BR

greytdog_2

i think from what you have said a DMP would be better - i was on one for 6 years, managed by myself so no one took a cut, you can alter it as many times as is necessary. Why not DIY for the time of your temporary contract and then re visit what to do then. As has already been said if you go back on JSA it will cost you less.

gettingready

Thanks - but my last DMP was for 480 per month, I could afford it then and that is why it was set up for 5 years.

As some creditors did nto freeze the interest, I actually owe more now than I did then so really do not want to start another DMP. That is simply never ending.

BR - 3 years and over - even with an IPA that may be higher than what DMP wopuld be on my current predicted income.

tigerfeet2006

An OR would look at your SoA as something like this.

Monthly Expense Details[/b]
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 386
Management charge (leasehold property).. 0
Council tax............................. 125
Electricity............................. 20
Gas..................................... 40
Oil..................................... 0
Water rates............................. 26
Telephone (land line)................... 35
Mobile phone............................ 0
TV Licence.............................. 13
Satellite/Cable TV...................... 0
Internet Services....................... 14.5
Groceries etc. ......................... 200
Clothing................................ 40
Petrol/diesel........................... 0
Road tax................................ 0
Car Insurance........................... 0
Car maintenance (including MOT)......... 0
Car parking............................. 0
Other travel............................ 124
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 20
Pet insurance/vet bills................. 20
Buildings insurance..................... 0
Contents insurance...................... 20
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 0
Haircuts................................ 10
Entertainment........................... 0
Holiday................................. 30
Emergency fund.......................... 10
dry cleaning............................ 10
Total monthly expenses.................. 1143.5

Get one of these for your prescriptions http://www.nhsbsa.nhs.uk/HelpWithHealthCosts.aspx

gettingready

Tigerfeet, thanks a lot for that.