The prudential website has a really good budget planner, just google 'budget planner' and it comes up.
I'd say for the two of you, £100 for gas/elec (ie £70 and £40). about £100-120 council tax (scotland) £40 phonebill, £120 food, £50 house maintenance, £20 house insurance. Remember when budgeting to include things like road tax, petrol, cigarettes, TV licence, mobile phones, going out, take aways, clothes/hair, loan/credit card payments, life insurance (if mortgaged), and regular savings for things like broken boiler, car service etc. Try and also include payments to savings account for things like holidays, christmas etc.
For me and my boyfriend (we're 22) the total bill comes to about £2200 a month. Make sure that your total figure leaves you with about 200-300 a month so that you never run short or are living on the bread line!
The main thnig to realise is work out exactly what you will be spending, include every little thing that you take for granted so you know it's all affordable. The last thing you want to do is pay your gas bill with a credit card, or worse a credit card with a credit card!!!
A good idea when you get started is to open a 2nd current account purely for you direct debits, and have your other current account sitting with the money left over from your wages. That way you know your bills will always be paid no matter what, even if you have to eat beans for a week!
Hope this helps and good luck with the house!! xx
· 1 decade ago