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How much do we spend on household bills?

Exclusive research into average household bills in the UK

Household bills: How much you’ll pay in your lifetime

Ever wondered what all of your household bills would add up to over the course of your entire adult life?

We recently conducted a survey asking 2,000 UK adults how much they spend on their household bills – and the results are pretty mind-blowing.

Quite surprisingly, with everything thrown in - from your mortgage/rent payments to your weekly food shop - the average person will spend around £1.2million on household bills throughout their adult life.

Here’s a breakdown of where all that money goes:

Rent and Mortgage Bills

Naturally, one of the very biggest costs is putting a roof over our heads.

The average person will spend £280,000 on their rent and mortgage payments alone throughout their lifetime. This doesn’t even account for council tax, which sets bill-payers back over £1,000 a year alone.

Electricity and gas Bills

Collectively, the cost of utility bills equates to more than £77,000 across the average adult lifetime.

According to our survey, this breaks down as £342.08 per year for Water, £434.08 per year for Gas and £511.56 per year for Electric.

That’s a decent chunk of money, to keep the lights on. There is, another way, why not have a look here for more info here.

Internet Bills

You won’t find many UK households now without some sort of internet and broadband package. And with a lifetime cost of £13,500, no wonder your broadband provider wants you to stay connected.

Food Bills

A huge chunk of our money each month is spent on filling our stomachs.

However, the ever-increasing cost of food means that the average person has to cough up £3,790.80 a year just to put food on the table. That equates to a staggering lifetime cost £228,585.24.

TV Bills

Missing an episode of The Walking Dead is against the law in the UK and with such an enormous array of square-eye inducing box sets, it means we are paying more for TV services.

Signing-up to a Sky or cable TV package presents a significant outlay from our monthly household budgets. In fact, our study found that TV packages cost the average person a lifetime amount of around £18,000.

Full Annual and Lifetime Household Bills Breakdown

SPEND PER YEAR SPEND PER ADULT LIFETIME

Household bills 6,242.64 376,431.19
Gas bill  434.08 26,175.02
Electricity bill 511.56 30,847.07
Water bill 342.28 20.639.48
Mortgage / rent 4,630.68 279,230.00
Food shop 3,790.80 228,585.24
Mobile phone 262.44 15,825.13
Internet bill / spend 224.52 13,538.56
Landline phone 194.28 11,715.08
Council tax 1,038.20 62,603.46
Car tax 124.49 7,506.75
Car insurance 750.96 45,282.89
Sky / cable 296.76 17,894.63
Life insurance 113.76 6,859.73
Buildings/contents ins. 229.92 13,864.18
TOTAL £19,142.37 £1,156,998.41

Despite, these household bills costs, our study found that some people could ease the pressure a little with a few tweaks here and there. For example, we found that 23% have a running direct debit for something they don’t use or need. This could be anything from a gym membership to a subscription to a streaming service such as Netflix.

Also, 20 per cent delay switching energy suppliers even though it could save them up to £300 each year.

And, 85 per cent of people, however, do in-fact shop around for the best deals in an attempt to reduce their bills. Getting the best prices, in a time of huge competition, is crucial when it comes to saving money and freeing up funds to do the things that you enjoy.

For some tips on how to save energy and money, check out our energy saving myth buster blog, or get an energy quote to see how Powershop UK can help you switch it. Control it. Own it. You could save more than £140 against the Big Six with us.

 

Update

We’re always improving our service with new products, fuel options and new ways to make buying energy easierIn spring 2018, we launched Dual Fuel and introduced Powershop Lite, for customers who want to pay for their energy in a more traditional way. Some of our older blogs may not include all of these latest goodies – if in doubt our Questions page is always a good place to start.