Almost every household in the UK pays out a monthly sum of money that makes up the primary cost of living, yet despite everyone having monthly bills for the same assortment of services, it is unlikely that every homeowner if forking out the same sum. From household to household, the cost of monthly bills can vary dramatically. Even homes on the same street, with exactly the same number of occupants, can see a substantial difference in their monthly bills.
One of the main concerns when it comes to monthly bills is just how much people are paying out, in comparison to what they think they are spending. In an article by This is Money published in 2014, a study into what UK residents were paying each year, compared to what they thought they were paying, found that on average, households under-estimated their bills by £770. The underestimation of a little over £64 a month being paid out is a large sum for many families, and is a good enough reason to overhaul expenditure, and drill down deep into the details.