Chosen by Asker

First suggestion is three checking accounts Three credit cards Yours, his and household. Keeps everyone honest about their spending and avoids arguments Owning your home you have Electric, Heat, Air conditioning, cable, internet, phone, sewer, water, trash disposal, maintenance, lawn care When you first move in do not start buying everything. Live in the house and make note of priorities. New home owners go a little nuts spending on lawn mowers, BBQ, patio furniture, new living room furniture, Big Screen TV, stereo. Before you know it you have 10k racked up on the credit cards then the hot water heater bursts and you do not have the funds to replace it.

by sassy2

5 months ago

Asker's Rating: 

Electric, water and sewer, gas, grocery, cable, internet. And then house stuff like repainting a room, buying furniture etc.

by KMcG- 5 months ago

For my house I have an electricity bill, gas bill, cable/phone bill, and water/sewer bill. My electricity bill gets high in the summer (with the AC) and my gas bill gets high in the winter (with the heater!) but in the spring and fall, they're not too expensive. Cable bill depends how much cable you want, how good of Internet :) My water bill is only about $20 a month. Then the other thing is just when stuff breaks. You know, when you have to buy a new refrigerator or whatever. You probably already have health insurance, car insurance, so that won't change. The only other thing is credit cards, student loans, car loans, if you have them. (Once you have kids it gets more complicated!)

by J. H.- 5 months ago

water and sewer from the same provider but divided on the bill gas and electric, depending on your needs internet land line phone? lawn service? congrats !!! [i also suggest considering photo voltaic for your roof instead of using local electric service and outside CAMS to protect your property from thieves and others--connected to a home computer]

by kemperk- 5 months ago

Utilites, property taxes, maintenance and upkeep of property and many more depending on your spending habits.

by Alterfemego- 5 months ago

oh my...you should rent first for a while to see if you two are compatible. I'd hate like heck to see you lose something you've spent that huge a downpayment on. Well people generally need food (grocery bill), car bills, car maintenance, car insurance, title the cars yearly (that doubled this year), flood insurance, home general insurance, home maintenance, things like washer and dryer. you'll have huge electric bills, water bills, garbage bills, phone or cell bills and maybe deposit and installation bills, cable bills and maybe an installation cost. When we bought a house six months later the city came in and said we're installing new street lights and water and sewer lines to the homes and you need to get your own loan to pay for that. Then we had a huge hump of dirt in our front yard for a year, and then we had to pay for our own water and sewer line connections into the house from the connection they made. So you need to find out what improvements would be made on your street within the next few years that you'd be responsible for (things like sidewalks, lighting, paving) As a married "couple" both of you would need health insurance (life insurance if you start a family). A child costs about $65,000 till they're 18. More if fertility pills have been used. Draperies, stove/frig, insulation. When you buy a house you need to be aware of things like flood zones, hurricanes, sink holes, lead paint, termites, roosters crowing or animals like sheep (smell), drugs, garbage dumps, and make sure there are no plans for a highway to go thru there or youd get just pennies on the dollar for your home if the government wants your land. The figures you quoted are really low so I can't imagine where you'd be living. Here's the rule of thumb I've learned from experience. If you plan on buying a home for $95,000 then between the both of you you should be earning $95,000 per year. This is your comfort zone. Other bills you need to consider are your credit cards. Some people hide that information till they're married. Others too don't know if the other person is a spendthrift or not. Still others haven't talked about children before marriage and you need to know how many and when to start having them. A lot of people get bogged down with medical bills. There are some new laws that are being considered with regard to green living and that a house has to be certified as such before it can be sold. I suggest you wait to hear about those. So I'd say rent and get to know each other before buying that home.

by sophieb- 5 months ago