What’s The Cost?
How much?
 Refer
to your home work :
 What other costs are there?
 How
much does that come to per month?
Altogether
Use the average yearly utilities to calculate your
monthly utility bill.
Household Bills
The gas, electricity and water price are the average prices from a national survey.
Use the table (printed on card) to work out the council tax for your property
Annual
Monthly
Electricity
Gas
Water
£495
£295
£463
Total
Utilities
Council
Tax
Total
Household
Bills
Not another Tax!

In order to pay for services such as refuse
collection, library services and pavements
you have to pay Council Tax.

The amount you pay is decided by the value
of the property you live in. Your house will
be allocated a band.

Use the council tax band table to find the cost
of your council tax.
Household Bills
The gas, electricity and water price are the average prices from a national survey.
Use the table (printed on card) to work out the council tax for your property
Annual
Monthly
Electricity
Gas
Water
£495
£295
£463
Total
Utilities
Council
Tax
Total
Household
Bills
Adding it up
Combine this with your council tax bill to form your
household bills and complete the household
section of your personal budget.
Property
Mortgage
Rent or Buy
Potential
Monthly Cost
of Mortgage or
Rent
Household
Bills
Total Monthly Money
Property Cost Left
What is the cost?

Use the sheet to calculate the real cost of
your property over 25 years or the total rent
you will have paid in twenty five years.
 Fill in the utilities cost
 Find the total.
Mortgage
This will help you find the total cost of your mortgage repayments over 25 years. This is
assuming that there is no change in the interest rate (there would be in reality).
Monthly Payment
Yearly Total
Total Loan repayment
Rent
This will help you find the total cost of your rent payments over 25 years. This is
assuming that there is no change in your rent payments (there would be in reality).
Monthly Payment
Yearly Total
Rent Paid after 25 Years
Utilities
Monthly
Yearly Total
Amount Paid after 25 Years
25 Year Forecast Cost Totals
Mortgage/Rent
Utilities
TOTAL
Homework

Find the cost of public transport train, bus,
underground if appropriate.
 Look at the car sales board and note down
the details of any cars that you feel are
appropriate.