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jamstorr86

Household Outgoings

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Hello folks,

I have followed the HPC site for a while now, but never contributed to the forum.

I was just looking for some guidance regarding how much people pay for Utility Bills as well as other Household outgoings on a month basis.

I may be buying my first home (with Cash!) but need some advice before I do so regarding how much I need to set aside for bills. With recent price hikes it would be interesting to see how much of a household's income is taken up by said bills and such.

How much do you spend each month on;

Gas/Electricity

Water

Food

Other

?

Thanks

James

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Hello folks,

I have followed the HPC site for a while now, but never contributed to the forum.

I was just looking for some guidance regarding how much people pay for Utility Bills as well as other Household outgoings on a month basis.

I may be buying my first home (with Cash!) but need some advice before I do so regarding how much I need to set aside for bills. With recent price hikes it would be interesting to see how much of a household's income is taken up by said bills and such.

How much do you spend each month on;

Gas/Electricity

Water

Food

Other

?

Thanks

James

Uh, how big a house are you talking about? A footballer's blingy mansion will be a lot more expensive to run than a 1 bed flat.

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What do you mean by "how much to set aside for bills"? Sounds like you're planning to buy outright (no mortgage), but then also pay for bills out of your savings too? FWIW our 2 bed flat's bills cost about £200/month including council tax.

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sorry, I should have been more specific.

It is a 3 bed detached.

Someone is giving me and my Girlfriend some money so we can buy outright. But I will still need to pay for bills and such with my monthly income.

I am just trying to go into this with my eyes wide open, rather than getting hit by bills that are a lot more than what I first expected.

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Hello folks,

I have followed the HPC site for a while now, but never contributed to the forum.

I was just looking for some guidance regarding how much people pay for Utility Bills as well as other Household outgoings on a month basis.

I may be buying my first home (with Cash!) but need some advice before I do so regarding how much I need to set aside for bills. With recent price hikes it would be interesting to see how much of a household's income is taken up by said bills and such.

How much do you spend each month on;

Gas/Electricity

Water

Food

Other

?

Thanks

James

Annual costs, two non-smokers in a rented 3 bed house, South West London,

-Rent, £26,400

-Gas, Electric, Water, £2,200

-Food, Drink, Groceries, £8,100

-Council tax, £2,100

-Household insurance, £600

-Petrol (2 cars) and transport, £3,700

-Car insurance, £1,250

-Car servicing and tax, £1,300

-TV (License fee and Virgin), £750

-Repairs (including appliance replacement), £1,100

-Misc household, £1,500

-Cleaner, £2,000

Total £51,000

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Hello folks,

I have followed the HPC site for a while now, but never contributed to the forum.

I was just looking for some guidance regarding how much people pay for Utility Bills as well as other Household outgoings on a month basis.

I may be buying my first home (with Cash!) but need some advice before I do so regarding how much I need to set aside for bills. With recent price hikes it would be interesting to see how much of a household's income is taken up by said bills and such.

How much do you spend each month on;

Gas/Electricity

Water

Food

Other

?

Thanks

James

So you're going straight from living at home to buying your own home with never having rented somewhere in between? :blink:

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So you're going straight from living at home to buying your own home with never having rented somewhere in between? :blink:

What's the problem with that? It's what I'll be doing once house prices fall some more. No point wasting money on rent when I can get it cheap at home.

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We're currently renting at £600/month (three bed semi) and each pay into a 'house account' £650, so £1300/month.

I'd estimate that this is probably about £150-£200/month more than is needed for the fixed cost bills but we put the rest in as a contigency fund. So bills wise we are proably paying out around £500-£600/month dependig on what we buy each month.

This includes:

Council Tax

TV Licence

Gas

Electricity

Water

Contents Insurance

Telephone Line

Telephone Usage

Internet

Shopping

Cash Withdrawals

Dos not include anything car related or buildings insurance!

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Annual costs, two non-smokers in a rented 3 bed house, South West London,

-Rent, £26,400

-Gas, Electric, Water, £2,200

-Food, Drink, Groceries, £8,100

-Council tax, £2,100

-Household insurance, £600

-Petrol (2 cars) and transport, £3,700

-Car insurance, £1,250

-Car servicing and tax, £1,300

-TV (License fee and Virgin), £750

-Repairs (including appliance replacement), £1,100

-Misc household, £1,500

-Cleaner, £2,000

Total £51,000

Sounds about right - substitute mortgage for rent and add in some commuter costs.

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We're currently renting at £600/month (three bed semi) and each pay into a 'house account' £650, so £1300/month.

I'd estimate that this is probably about £150-£200/month more than is needed for the fixed cost bills but we put the rest in as a contigency fund. So bills wise we are proably paying out around £500-£600/month dependig on what we buy each month.

This includes:

Council Tax

TV Licence

Gas

Electricity

Water

Contents Insurance

Telephone Line

Telephone Usage

Internet

Shopping

Cash Withdrawals

Dos not include anything car related or buildings insurance!

Well I am just thinking about

Gas/Electricity, which according to money supermarkey shoud cost me about £90 amonth direct debit, and that is estimating high electricity use.

Water, I was expecting to pay around £20 a month

Council Tax - for the house I may buy is £130 a month

Insurance wise, I would just pay outright

Telephone and internet I would get free because I work for BT :)

I am shocked that a few of you are quting so high! maybe I should rethink moving out then!

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Have i wondered into MSE?!?!

Per month:

Gas - Don't have it

Electric - £80 - covers extra usage in winter - economy 7 storage heaters

Water - £25 (meter)

Food - £300 for me, wife and kid

Drink - only i drink, prob £100 per month

Council tax - £120 (10 months)

Household insurance - Don't have it. No mortgage so haven't bothered.

Life insurance - £20

Petrol - £200

TV (License fee and Virgin) - £60

Per year:

Car insurance - £500

Car servicing and tax - £300

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Have i wondered into MSE?!?!

Per month:

Gas - Don't have it

Electric - £80 - covers extra usage in winter - economy 7 storage heaters

Water - £25 (meter)

Food - £300 for me, wife and kid

Drink - only i drink, prob £100 per month

Council tax - £120 (10 months)

Household insurance - Don't have it. No mortgage so haven't bothered.

Life insurance - £20

Petrol - £200

TV (License fee and Virgin) - £60

Per year:

Car insurance - £500

Car servicing and tax - £300

These numbers are a bit more what I was expecting.

I am figuring £100 amonth for combined gas and electricity (which I am quoted on the comparison sites for medium gas and high electricity usage)

Its a modern 3 bed detached house, so I don't suspect it will be too much, especially since I have read on other forums of people with old cottages spending less than £100 on heating and electricity.

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whatever the government says, my gas bill has doubled in the last 12 months.

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3 bed semi:

Council Tax £75 (Didnt crack on about MrsP and got a discount)

Elec/Gas £50

Water £20

Insurance £00 - I don't bother

Grub £150 - my mate has 5 allotments buy veg from him

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It says it is a Band E.

which is apparently Average.

I thought a full EPC showed actual figures - not just the silly bar charts.

E might well be average but it doesn't mean it's cheap to heat.

Does it have loft insulation, cavity wall, DG, etc etc etc

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2 non smokers fy8 mews

rent 700/month

gas 45/month

electric 197 per quarter

council tax 1530 D band

house ins contents only 11/month with tesco

dog ins 31/ month pet plan

car ins 2 cars about 300 each per year

car tax about 200 each a year

probably lots of other things I've forgotten too!

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Annual costs, two non-smokers in a rented 3 bed house, South West London,

-Rent, £26,400

-Gas, Electric, Water, £2,200

-Food, Drink, Groceries, £8,100

-Council tax, £2,100

-Household insurance, £600

-Petrol (2 cars) and transport, £3,700

-Car insurance, £1,250

-Car servicing and tax, £1,300

-TV (License fee and Virgin), £750

-Repairs (including appliance replacement), £1,100

-Misc household, £1,500

-Cleaner, £2,000

Total £51,000

Rent, 3,300.

Gas electric water, 750

Food, drink 1,200.(for 2)

CT, 1,250.

Household insurance 0

Car insurance (2) 420.

Car MOTs and tax. 345.

TV, don't have.

Repairs 15 (a new kettle)

Misc. household 0.

Cleaner, 0.

Total 7,280. (leaving 10k for saving and 2,720 for the unexpected.)

Without rent it would cost us 3,980 to live.

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one bed semi detached bungalow

-Mortgage, £5,028

-Gas, Electric, Water, £1200

-Food, Drink, Groceries, £1200

-Council tax, £1284

-Household insurance, £192

-Petrol, £1820

-Car insurance, £450

-misc car inc. tax, £900

-TV (License fee), £145.50

-Phone &Broadband,£414

about 1000-1100 a month, plus another 600 to I spend on other non essential stuff. I save approx 500 pcm, which I believe is prudent, although impossible for many (myself included) for large periods of your life.

Reality is 800 goes to pay all the essentials by DD. I do most of my own cooking and don't buy mega fancy stuff, though the occasional nice steak etc.

Looking at that I'm really lucky. Mortgage is potentially the killer for ANYONE in this country.

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  • 312 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
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      • Even
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      • up 5%



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