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income and cash IVA
Hi so i'm confused
I have a friend that is in a IVA too. two years in. I'm almost 3 years in. I have a annual review in December I think.
but anyways , my friend has started to withdraw her monthly salary and budgeting from a jar. but wouldnt this raise questions? i mean she leaves enough for her subscriptions and her IVA payment. is this possible as ive always been afraid to take out chunks of money like that. if so that would be great because some shops pretend they dont have a card reader because of tax etc.
I have a friend that is in a IVA too. two years in. I'm almost 3 years in. I have a annual review in December I think.
but anyways , my friend has started to withdraw her monthly salary and budgeting from a jar. but wouldnt this raise questions? i mean she leaves enough for her subscriptions and her IVA payment. is this possible as ive always been afraid to take out chunks of money like that. if so that would be great because some shops pretend they dont have a card reader because of tax etc.
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Comments
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The purpose of the annual review is to make sure you are declaring all your income, and that your payments reflect this.
You can do as you wish with money allocated from your budget.I’m a Forum Ambassador and I support the Forum Team on the Debt free wannabe, Credit file and ratings, and Bankruptcy and living with it boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.For free non-judgemental debt advice, contact either Stepchange, National Debtline, or CitizensAdviceBureaux.Link to SOA Calculator- https://www.stoozing.com/soa.php The "provit letter" is here-https://forums.moneysavingexpert.com/discussion/2607247/letter-when-you-know-nothing-about-about-the-debt-aka-prove-it-letter0 -
so the money under expenditure is basically my budget? egg comms and lesiure, travel, food milk etcsourcrates said:The purpose of the annual review is to make sure you are declaring all your income, and that your payments reflect this.
You can do as you wish with money allocated from your budget.0
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