Spare income?

timostag

I think I may be able to qualify for a DRO, the only thing I'm unsure of is the part where your spare income must be £50 a month or less. Obliviously I know what my income is but I'm not sure what expenses are allowed and what isn't.

I know things like rent & utility bills, but what about food is this a set amout for a single person or what i actually spend, can I list my mobile phone even as its PAYG, clothing???

There are so any grey areas where my money goes every month, is there any information anywhere with a few guidlines for this

timostag

Ok, I think I've found the answer to my own question :T...

From the adviceguide website (sorry as a newbie I can't post links)

Listing your expenses



The next thing you need to do to work out your budget is list all your expenses. Be honest and make sure that the amounts are realistic. Under expenses, you should include:

• housekeeping. Include realistic amounts for what you spend on food, toiletries, school dinners and meals at work, cleaning materials, cigarettes, sweets, children's pocket money and pet food
• housing costs. This should include mortgage or rent, a second mortgage or secured loan, buildings and contents insurance, service charges and life or endowment insurance cover attached to your mortgage
• council tax
• gas, electricity and water charges
• telephone charges
• travel expenses. Include both public transport and the cost of running a car such as road tax, insurance, and maintenance
• insurance that is not part of your housing costs (see above)
• childcare costs
• TV licence and any TV rental costs
• clothes
• any other essential expenses, such as medical and dental expenses or support for an elderly relative
• money you should set aside for unexpected events and contingencies. This includes saving for things like the replacement of essential household goods when they break down.

FoggyBrain_2

Hi. If you go to the beatmydebt website, they have a Living Expenses Guide. It is designed for IVA allowances, but the figures must be similar.

immoral_angeluk

FoggyBrain wrote: »

Hi. If you go to the beatmydebt website, they have a Living Expenses Guide. It is designed for IVA allowances, but the figures must be similar.

I don't think they are, as DRO's use the BBA common financial statement trigger figures.

FoggyBrain_2

Trouble is you need a licence to access them, so comparing is a tad awkward !!!