Basics
Rent - monthly x12
Council tax is based on the property, so the more desirable the property is the more you pay, typical council tax for a nice area on average would be £1200, (however students don't pay council tax)
Electricity and gas are monthly then x12, this ranges on which supplier you come from and also how much you actually use, eg. if you go over your limit etc
Your looking at around £1000 for the year
Water an be payed on a monthly basis or on a yearly basis, the average payment cost for the year of water is around £500
repairs - if you rent out a flat then you need to be able to pay for damages which are your fault.
management fee's - this is if you buy the apartment so you have to pay to help with the up keep of your area that you live in, e.g. hovering the stairs, mowing the lawn, basically the simple jobs and your the one who's money pays for the cleaners.
Furnishings - this is if you buy general items just to make your apartment seem fresh and keep it looking clean, such as if you made a trip to ikea so that you can refurbish the look on the inside
Food Shopping
Supermarket - this is the basic shop which makes the meals for you, this is your weekly cost of food then x52 so you can work out your monthly cost for the whole year
Corner shop - this is how much you generally go to the shop to pick up some milk or daft bits and bobs which you need to make the main meals work.
Dinner Snack - how often you go out for a sandwich or a pasty which you can then have over dinner or something which you just fancy
Takeaway - How often do you get a takeaway in and then work out a weekly price then x52
Health Plan
health cost - this is your general well being, this covers everything for about an average of £12 pounds a month
Safety and security needs
home contents insurance - this is something which covers everything that you own and this isn't that much for the year, but it will cover everything in your house and this will then make sure that your covered and if you get robbed or any damage is done then you have everything covered and made sure its all safe and ok.
pension contribution - this is normally about 3% of your annual costs
This below is the form in which i filled out below and this then worked out the full cost of how much i will need to live and how much i need to cover my basic overheads, it shows up here that i need around £22,000 a year to live on average, this then can be rounded up to £25,000 to play it say, so any job which pays out for me on a average around £25,000 to £30,000 a year would cover the costs rather nicely and make sure i have a comfortable way of living.
No comments:
Post a Comment