Sentences with phrase «essential living costs»

Your debt total must be # 20,000 or less and you must have spare income of # 50 per month or less, after essential living costs and bills.

Your Insolvency Practitioner (IP) calculates how much money you have coming in to the household and how much you need each month to cover essential living costs and priority debt arrears (things that must be paid first such as Council Tax).

A well - planned budget helps to ensure that you never overspend and always have enough put aside for your bills and other essential living costs.

A report in this morning's Times notes that «British workers will be taking home an extra # 44 a month on average after this year's pay rises, but families are facing an increase of # 148 a month in essential living costs».

The amount you can afford to pay back to your creditors each month is calculated by subtracting essential living costs (such as food, clothes and travel costs) and priority debt arrears payments (such as Council Tax arrears, mortgage arrears and rent arrears) from your income.

First, the amount you can realistically afford to give to your creditors is calculated by subtracting the amount you spend on essential livings costs each month (such as food, rent / mortgage, travel and any priority debt arrears such as Council Tax) from the amount you have coming in.

For example, an annuity generally makes the most sense if you feel you want more guaranteed lifetime income to cover essential living costs than Social Security and pensions alone can provide.

Top that loss off with piles of unpaid medical expenses, insurance claims, rent or mortgage payments, and other essential living costs, and your painful loss increases tenfold.

If there's more than # 20 left over each month after your essential living costs, you'll be instructed to pay this to the IPA.

Does the proposed new arrangement enable you to comfortably meet your essential living costs (such as food, clothing and travel) and priority expenditure (such as rent / mortgage and council tax) each month?

You may have to pay any surplus income you have, after your essential living costs are paid, into your bankruptcy for four years

In caculating your monthly payment, has the debt management company made sure you have enough to cover your essential living costs each month?

Paying an amount to your DMP that you can't afford would end up causing bigger problems in the long term, as you would find it difficult to cover your essential living costs.