The real key to financial standing is having a regular income above income support level.Originally Posted by malchard888
Well it worked for me but then again i did have savings and my own house without a mortgage commitment so im not sure if regular employment and salary is sufficient without some kind of funds as a back up in case of hard times. Maybe others here will have a better handle on this financial aspect.
For a couple that level is £106 per week for discretionary spending.
Means with no rent or mortgage, no secured credit/loan and no council tax.
I've only ever known of 1 case where independent savings was the only financial support
mechanism. I don't know exactly how much in cash savings he had, but he intimated it was in excess of £100,000.
