Running Your Home
Moving into a new home is always a big step and particularly so if it is the first time you have been responsible for running your own household. Becoming a tenant means you will have a lot expenses that need to be met from your income. This can be a shock for people who have been living with family and maybe only contributing to a share of the bills. To try to give prospective tenants an idea of what they can expect we have compiled a list. The figures given are an indication only and your actual costs may be higher.
For example a family of two adults and two children in a 3 bed house would have average weekly expenses of £222.47 plus £67 for rent and council tax making a total of £289.47.
This depends on the size of property but on average
|COUNCIL TAX (2009/10)|
Tenants on a low income can make a claim for Housing and Council Tax Benefit for help towards the cost of rent and council tax.
|single person / couple||£7.80|
|single person / couple with 1 child||£14.35|
|single person / couple with 2 or more children||£19.03|
|single person / couple||£4.89|
|single person / couple with 1 child||£8.63|
|single person / couple with 2 or more children||£12.37|
|1 Bed Flat or Bungalow||£4.67|
|2/3 Bed House||£7.27|
|4 Bed House||£7.65|
|Contents insurance||£3.50 dependant on amount insured|
|single person / couple||£10|
|single person / couple with 1 child||£13|
|single person / couple with 2 or more children||£16|
You also need to calculate any additional expenses you may have in addition to the basic items listed above. These could include:
- Telephones (land line and mobile)
- Child care costs
- Vehicle tax
- Vehicle insurance
- Vehicle expenses – fuel, servicing and parts
- Regular bus or taxi fares
- Fines or court orders
- Overdraft repayments.
- Credit card payments
- Loan repayments
- Catalogue, hire purchase or club repayments
- Cable or Sky TV