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Monthly Outgoings

(10 Posts)
user1492528619 Mon 22-May-17 17:21:23

DP and I are buying our first home.

What are your monthly outgoings broken down on average?

LIZS Mon 22-May-17 17:25:57

It will depend on size of property, suppliers and location as well as your lifestyle. Some are fixed ie. Council Tax or you could ask your vendor for an idea of what bills they pay and to whom.

computerscream Mon 22-May-17 17:27:15

'On average'?

Are you buying a one bed flat for half a mill or a five bed home for £200k?

No such thing op.

Kokusai Mon 22-May-17 18:04:39

DP and I are buying our first home.

Have you never rented together?

If not, at least ask your parents how much their bills are eh?

JoJoSM2 Mon 22-May-17 20:04:35

Things to factor in are: council tax, water, gas, electricity, phone/internet, TV, possible service charge or money set aside for maintenance and repairs. Other than that: window cleaners, cleaners, gardening etc depending on what you want to get people to do and what you'll do yourselves. The exact amounts really vary - e.g. my council tax has ranged from 50 to 250/month... So you need to do your research specific to the location and property.

OnePlanOnHouzz Wed 24-May-17 19:37:46

Zoopla sometimes has running costs for the house on their site !

PedantHere Wed 24-May-17 19:46:16

How long is a piece of string?

Nevertheless:

DH's salary c. £2500
My salary c. £900
House bought in September for £200k
(£150k mortgage and £40k help to buy)

Council tax £140
Mortgage £585
Saving to repay Help to Buy loan £200
Car loan £270
Gas £15
Electricity £45
Mortgage insurance £20
Car insurance £60
VED £10
Home insurance £20
DS school dinners £60
Water £75 (!)
TV licence £12
Food £300
After school club £150

PedantHere Wed 24-May-17 19:47:10

Forgot to include:
Internet + phone £43
TV £32

namechangedtoday15 Wed 24-May-17 20:18:00

Life insurance to add to the list - consider critical illness cover. Depending how risk averse you are, cover for your appliances / boiler checks etc.

Maintenance is quite a big expense depending on the type of house.

specialsubject Wed 24-May-17 20:26:39

Ones that are fixed
- council tax, you can find that out for the property
- TV licence , £12 a month

Ones that aren't -
- house insurance
- broadband and landline (about £25 a month max if not fibre, if you are paying more switch)
- electricity
- gas if you have it
- water
- food
- travel
- car costs if you have one
- mortgage
- fixes
- improvements
- kid costs
- savings
- fun budget

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