How much does it cost to run your home...on top of your mortage?

I would love any idea please.

I am thinking...

Gas or/and Oil

Water

Electric

Internet/Cable


Am I missing something?!?!?!

How much does it all cost?

Re: How much does it cost to run your home...on top of your mortage?

Our typical LIPA bill is $345, I can't remember if thats monthly or for 3 mos? LOL

And our TV Phone and Internet is all bundled together, thats another 295 including my cell phone which is $107...

Water is another $90 something...again, I don't know if thats monthly because I feel like I've only seen mail from them once?

And the gas I'm not sure about, we just filled up the tank and it was $400 but this is our first winter in the house so monthly not sure?

From our monthlys you're missing our pool guy which costs a small fortune, obviously only over the summer...and then landscapers--who we started to use while we were on our honeymoon so our neighbors didn't hate us and he just keeps coming ever since... And its not like we've tried to make him stop..

And groceries which of course will vary..but I feel like we spend a ridiculous amount of money on groceries, TP, paper towels, etc...

Message edited 10/31/2009 3:52:10 PM.

Re: How much does it cost to run your home...on top of your mortage?

Oil is about $1800 a year
Electric is about $1600 a year
Water is about $150 a year
Internet/phone/cable $1800 a year

It adds up for sure.

Add in food/car/gas/credit cards-student loans/landscaping/gifts/clothes/personal items

There are a gazillion things that happen so budget in misc household expenses as well. Those miscellaneous things happen more than you know.

Re: How much does it cost to run your home...on top of your mortage?

Keep a rainy day fund for repairs that may pop up unexpectedly, like needing to replace appliances, maintenance on a cesspool, a leaking roof, etc.

There are other expenses that are not regular, but should be considered too, ie: tools you might want like a power washer, snow blower, etc. and don't forget to budget for those things you'll just want to spend money on once you have a home, like patio furniture, a BBQ grill and things like that. None of it essential, but you'll find that there are a lot of little things you'll find that you need, like snow shovels for instance, that you'll spend money on and those little things add up.

Re: How much does it cost to run your home...on top of your mortage?

Gas for heat - 150 in January, 30 in July = approx 800 a year

Electricity for light and a/c in the summer - 25 in January and 145 in July = approx 800 a year

Water - 26 per month = 312 a year

Internet/Dish/Telephone - 100 per month = 1200 a year

Cell phone is another 100 per month for 2 phones = 1200 a year

Sewer - 71 per month = 852 a year

Maintenance - 172 per month = 2064 a year

Home owners insurance - 400 a year

I would also keep an emergency fun for repairs

Message edited 10/31/2009 6:26:03 PM.

Re: How much does it cost to run your home...on top of your mortage?

I'm surprised how much everyone pays for water!

We pay $10 for 3 months. Over the summer it goes to maybe $50 for those 3 months.

appox:
150 - gas
150 - electricity
150 - cable/internet
20 - phone
3 - water


we do spend about $800-1000 on landscaping a year (spring, summer and fall clean up - not weekly)

Re: How much does it cost to run your home...on top of your mortage?

Oil $283 month

Internet $65

Direct TV $95

Gas and Electric $150

Insurance $90

Water $30

Landscaper $80

Cellphone $150


plus our mortgage.... I think that's it

Re: How much does it cost to run your home...on top of your mortage?

We live in a 2 bdrm coop so we pay :

$865 (sometimes higher in the winter for a oil surcharge ) this includes gas, electric, heat, water, our parking spot, ac charge, washer/dryer/diswasher charge.

Then @100 on cable and internet

Home insurance is I think @ 400 per year, we pay 2x's a year...

Re: How much does it cost to run your home...on top of your mortage?

Gas approx. 1,150 annually
Electric approx. 840 annually
Water approx. 600 annually
Cable, Phone & Internet approx. 2400 annually.

Re: How much does it cost to run your home...on top of your mortage?

We live in a 5BR house. We pay:

Oil: $450 to fill the oil tank

Water: Less than $4 a month

Electric: non-AC months: $85 a month

Internet/Cable/ Phone: $130/ month for the Triple Play

HTH!

Re: How much does it cost to run your home...on top of your mortage?

This has helped me so much! I am finally starting to be ok with the idea of owning a home! ahahahah!

Re: How much does it cost to run your home...on top of your mortage?

When we moved into our place, we asked our seller for his approx costs. We had never owned before and our old apt included everything.

He told us and it helped a lot since many of the costs depend on your individual appliances, home size, location, etc.

Re: How much does it cost to run your home...on top of your mortage?

about $5500 per month give or take a few hundred. this includes maintenece, lawn service, sprilnkler service, heat, electric, optimum, food etc...

Re: How much does it cost to run your home...on top of your mortage?

Re: How much does it cost to run your home...on top of your mortage?

Re: How much does it cost to run your home...on top of your mortage?

Re: How much does it cost to run your home...on top of your mortage?

Oil starts in october last delivery is around april or may and is ~350 every 6 weeks

Internet/phone/cable-130/mo (triple play)

Electric lately has been $240 every 60 days but the bill shows half of it is in surcharges not actual electric use (how does LIPA get away with it!)

Insurance $90

Water $40

Landscaper FREE b/c DH does it

Cellphone $190 family plan

Then food and money for repairs vary

Re: How much does it cost to run your home...on top of your mortage?

LIPA - $167/month (budget plan)
National Grid - $70/month (budget plan) - we have gas heat
Cable/phone/internet: $107
Then quarterly we get a sewer bill for like $63 and then a water bill for about $70.

Re: How much does it cost to run your home...on top of your mortage?

These are some basic averages for us.

Oil - 200/month

Water - 10/month

Electric - 100/month

Internet/Cable 100/month

Family Share Cell Phone - 200/month

Insurances:
-Home Owners - 110/month

-Auto for 2 cars - 160/month

-Life Insurance for 2 of us - 100/month

Healthcare not included since it's cut pretax

Groceries - 400/month

Message edited 11/30/2009 5:20:41 PM.

Re: How much does it cost to run your home...on top of your mortage?

I have a 3 bedroom ranch. I think it is important to ask what type of house and if there is more then one zone. And I am a SAHM so I am home all day long.
We also have gas heat/stove.

We have a single zone since it is a ranch. Our bills are as follows.

LIPA $270/month
National Grid $85/month
Cable/Internet/Phone $165/month
Water $35/I think it is quarterly

Re: How much does it cost to run your home...on top of your mortage?

Gas or/and Oil: Oil $225 a month on balanced billing (usually wind up with the last month free)

Water: anywhere from $33-45 for 3 months

Electric: $125 a month also on balanced billing (again we are usually ahead at the end of the year)

Internet/Cable: I think it's up to $180 now (with an upgraded package) include phone and internet.

The other expenses that you might incur could be taxes (if not part of your monthly mortgage payment) and common charges if you live in a Town-house or other typed of planned community.