What changes will I have to make?

You will have to make some lifestyle changes to ensure that you are able to make your monthly payment into the IVA [1] - it is important that you keep to your agreed budget for all household expenditure.

There are also many ways of saving money. The following are a few websites that could help you save money on anything and everything.

www.moneysavingexpert.com [2]
www.uswitch.com [3]
www.moneysupermarket.com [4]

It is usually easier to manage your bank account if you pay your utilities by standing order or direct debit and this also often results in a cost saving.

You may also benefit from opening an account to transfer monies set aside for contingency, car maintenance and car tax. Therefore when you get those unexpected bills you already have the money saved.