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deprivation of capital - what can you spend your money on

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  • HappyMJ
    HappyMJ Posts: 21,115 Forumite
    10,000 Posts Combo Breaker
    Mojisola wrote: »
    It sounds straightforward but there are plenty of people who are totally dependent on their benefits and get really frightened at the thought of doing something wrong and losing them.
    If they are totally dependent on benefits then it's unlikely they will have too much money floating about to be affected by DofC. If they had too much they would lose benefit anyway and by spending then the best that could happen is that they get more benefit. The worst that could happen is no change to their benefits. There are no rules it's all just guidelines. Spend sensibily and no-one will have a problem with DofC.
    :footie:
    :p Regular savers earn 6% interest (HSBC, First Direct, M&S) :p Loans cost 2.9% per year (Nationwide) = FREE money. :p
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