There are many things to consider when it comes to running a home, alongside ways to save money and energy on a daily basis.
From council tax to energy bills, you need to take into account every possible expense that could make an impact on your bank account. The cost of running your home can vary depending on your area, the weather and the size of your house.
There are ways to be prepared. Make sure your home is the definition of eco friendly, with double glazed windows, cavity wall insulation and a high functioning combi boiler: you can significantly reduce the cost of your energy and water bills, on top of your mortgage or rental costs, council tax, home insurance and any extras. These precautions might set you back money wise, but can lower costs in the long run.
The Money Advice Service has an online mortgage calculator to help provide a guide to how much you’ll pay each month – plus this helpful infographic to give you an idea of the average cost of running a home and how you can break down your monthly outgoings to work out your costs.
The cost of running a home – An infographic by the team at Money Advice Service