Page last updated Thursday, 07 November 2013
These revised expenditure guidelines are for 2013
This is a guide only and your actual expenditure, so long as it is reasonable and can be justified, should be the figures presented to and accepted by creditors/lenders.
The expenditure guidelines are designed to help you work out what the minimum and maximum lenders/creditors allow for housekeeping (food and toiletries), hairdressing, clothes and work meals, should your income allow it, plus much more.
We break each section down of your expenditure detailing some helpful tips about what lenders/creditors allow for one person, a couple and for each additional child.
Anyone thinking of proposing either a Debt Management Plan or Individual Voluntary Arrangement (IVA) or even going Bankrupt will find this guide extremely useful.
This expenditure guide is for guidance only. Lenders may vary the figures in line with your personal circumstances.
Preview and downloadable PDF
Log in to read on
There's more to this article - but we kindly ask you to log in to DebtWizard before you can read on.
If you don't have a log in for DebtWizard yet, creating your account is quick and easy - it's also completely free of charge.
The DebtWizard Budget Form, which is free, will not only help you avoid getting into debt but if you are in debt already it will quickly establish your position and predict how much your debt will increase over the next 5 years.
It's completely web based and private, secured with 256 bit encryption. Because it's all on the web you can log in and work on your free budget form anywhere there is an internet connection.