Cost of running a home things to consider

There are a few costs you need to think about before you start running a home. As well as rent and Council Tax , there are utilities such as water, electricity and gas as well as regular bills such as contents insurance, food and TV licence to name only a few.

If it is the first time you are setting up home you’ll need to think about all of the extra things you will need to budget for such as furniture, redecoration, curtains, carpets and appliances. Visit the Money Advice Service website where they have an online budget planner to help you manage the money you have coming in and the money you have going out.

You need to make sure that you can afford these costs before you accept an offer of a home with us.

Paying your rent should be your main priority. Remember that if you fail to pay your rent you are in danger of losing your home.

Costs to consider once you have set up home:

  • Rent
  • Council Tax
  • Electricity
  • Water
  • Gas
  • TV licence
  • Food
  • Household goods
  • Home contents insurance
  • Telephone/ mobile
  • Television/ internet services
  • Car expenses – insurance, car tax, petrol
  • Credit, store or HP payments

If this is your first home, you will also need to budget for:

  • Re-decoration
  • Furniture including beds
  • White goods – fridge, freezer, washing machine
  • Carpets
  • Curtains/ blinds
  • Cooker
  • Television
  • Bedding and towels
  • Kitchen utensils such as pots, pans, cutlery and crockery

Many local charity shops are the perfect places to find some inexpensive furniture for your new home. You can also find bargains on websites like Freecycle, Gumtree, and Furniture Re-use Network.


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