This is a tool that calculates the cost of running a family home on a periodic basis by adding up all the individual costs.
For this calculation, it is necessary to supply the following information:
- The mortgage or rent payment as a yearly, quarterly, monthly (default) or weekly amount.
- The property taxes as a yearly (default), quarterly, monthly or weekly amount.
- The insurance as a yearly, quarterly, monthly (default) or weekly amount.
- The cost of repairs and maintenance as a yearly (default), quarterly, monthly or weekly amount.
- The total payment for utilities as a yearly, quarterly, monthly (default) or weekly amount. If you need a tool to sum up the individual utility payments to obtain this total, then you can use the Total Utility Bill Reckoner.
- The cost of home improvements as a yearly (default), quarterly, monthly or weekly amount.
- The cost of furnishings as a yearly (default), quarterly, monthly or weekly amount.
- The cost of food as a yearly, quarterly, monthly (default) or weekly amount. This amount is defaulted to 0 as it is expected that some users may not wish to include this in the home running cost calculation.
- The cost of clothing as a yearly, quarterly, monthly (default) or weekly amount. This amount is defaulted to 0 as it is expected that some users may not wish to include this in the home running cost calculation.
- The cost of transport as a yearly, quarterly, monthly (default) or weekly amount. This amount is defaulted to 0 as it is expected that some users may not wish to include this in the home running cost calculation. If you wish to include transport and need a tool to help calculate the running costs of a car, then you can use the Cost of Running a Car tool.
- Any other costs as a yearly, quarterly, monthly (default) or weekly amount.
Associated tool link: http://www.coggit.com/tools/cost_of_running_a_family_home.html