Money left over for IPA?

bluejojo

I have just worked out all my expenses and overdrafts and at the end of the month I am left with £182 would I have to pay something towards a IPA? Thanks

mwarby

Debt repayments don't count towards an IPA, as all your debts are written off

It's likey that with the amount you say you have left that you will end up with an IPA, it might help us give better info if you post up a SOA using this tool https://www.stoozing.com/soa.php

jwmc77

What is the general guidelines with expenses for holidays, Xmas/bday presents, entertainment and clothing?

mwarby

There are public figures as far as I know. I’ve put some educated guesses below

Holiday - you can budget for a modest holiday, but think more Butlins than Disneyland. Try £50 a month but could be cut back from that

presents - t£10 per child per month

entertainment - not sure it’s really allowed, you might be allowed £20-30

clothing - £10 per person maybe