If you live in a property where utilities aren’t included in your rent, you’re also going to need to work out how to split your bills between you and your housemates.
Keeping on top of bills can be a real headache and the consequences of not paying some bills, such as gas or electricity, Council Tax or the TV Licence can be serious.
For household bills, any person named on the account is liable for paying them. It’s important to know this, as if someone skips off without paying their bill or falls behind with payments, it will be left to the named bill payer/s to make up the shortfall.
To make things simple, it’s usually best to decide who’ll have the Direct Debits for the house’s bills taken out of their account. And to avoid the bill payer having to chase up the others for money, everyone else should set up a standing order to transfer over that amount every month.
You can then use a spreadsheet to work out all the bills that the household needs to pay each month, as well as estimates for quarterly or annual bills like water or contents insurance and come up with the amount each housemate needs to pay. It could be helpful to find out how much the average UK household spends on bills.