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Budgeting

dixon-bainbridge
dixon-bainbridge Posts: 110 Forumite
in Energy
Hi everyone,

I'm sure this has probably been asked before so I apologise - I get overwhelmed by the number of threads on here!

Anyway I am looking to buy my first home this year and am trying to create a budget to see how much it will cost me per month. The main thing I'd like an idea on is electric, gas and water costs. Any suggestions on a rough monthly cost for each on someting like a small 2 bedroom bunglaow or house with average consumption of each, with 2 occupants?

Thanks for your help
Learn to speak Norfolk:
Translations: Naarfok = Norfolk, Narridge = Norwich, jargon = like running, but slower, cooo = queue, how're yer gettin arn = Norfolk greeting, on the huh = Something being uneven.

Comments

  • McKneff
    McKneff Posts: 38,857 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    I would work on £100 a month for gas/elec and £30 a month for water (is it metered or not) usually it is cheaper.
    make the most of it, we are only here for the weekend.
    and we will never, ever return.
  • HappyMJ
    HappyMJ Posts: 21,115 Forumite
    10,000 Posts Combo Breaker
    edited 24 January 2012 at 4:54PM
    Assuming you are buying a home in Norfolk as per your location you can look up your water suppliers website Anglian Water and find the charges. For a metered property the standing charges are £28 plus £79 plus £2.8615 per cubic metre of water. People on a meter use a bit less than average at about 50 cubic metres per year costing £143 per person. You said 2 people so the total bill would be about £393 per year. £32.75 per month.

    If the property was unmetered then the charges are a minimum of £374.48 per year or £31.21 per month.
    :footie:
    :p Regular savers earn 6% interest (HSBC, First Direct, M&S) :p Loans cost 2.9% per year (Nationwide) = FREE money. :p
  • dixon-bainbridge
    dixon-bainbridge Posts: 110 Forumite
    McKneff wrote: »
    I would work on £100 a month for gas/elec and £30 a month for water (is it metered or not) usually it is cheaper.

    Hi, thanks that is very useful. That is actually around what I had budgeted for but wasn't really sure how close I was!
    Learn to speak Norfolk:
    Translations: Naarfok = Norfolk, Narridge = Norwich, jargon = like running, but slower, cooo = queue, how're yer gettin arn = Norfolk greeting, on the huh = Something being uneven.
  • McKneff
    McKneff Posts: 38,857 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Dont forget Builings and contents insurance, telephone, life insurance, Broadband, etc.
    make the most of it, we are only here for the weekend.
    and we will never, ever return.
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