Cost of Living Income Income: Mortgage Costs How much can you borrow? http://www.yourmortgage.co.uk/mortgage_calculators/first_time_buyer_calculator Cost of home: Mortgage Repayments = http://www.yourmortgage.co.uk/mortgage_calculators/mortgage_rate_calculator Tax http://www.listentotaxman.com/ Yearly Pay = Personal Allowance £5225 Starting rate 10% 0 - 2,230 National Insurance 11% Basic rate 22% 2,231 - 34,600 National Insurance 11% Higher rate 40% over 34,600 National Insurance 1% Council Tax Band A - £974.76 Band E - £1,787.06 Band B - £1,137.22 Band F - £2,111.98 Band C - £1,299.68 Band G - £2,436.90 Band D - £1,462.14 Band H - £2,924.28 Electricity Running Costs Calculator 1. Write down the item you are costing, e.g. Light bulb 2. Either find its Amps rating and x 240 or write down its Wattage 3. Watts/1000 = kilowatts or kW 4. Hours used in month (use an average) 5. Kilowatts x Hours = Kilowatt Hours or kWh 6. x Number of the same Items in the house 7. Total kWh to run all such Items in house for 1 month 8. Total estimated kWh of all major electrical items 9. Add on 10% to allow for extras First 900 units are called Primary Units The remainder are called Secondary Units Electricity Primary Units costs 16.18p each kWh (Kilo Watt Hour) Electricity Secondary Units cost 9.01p for each kWh 10. Number of Primary Units used 11. Cost of Primary Units 12. Number of secondary Units used 13. Cost of Secondary Units10% discount if you use both Gas and Electricity 14. Add 5% VAT Gas Number of Cubic Metres used Number of Cubic Metres multiplied by 31.4 First 1250 units are called Primary Units The remainder are called Secondary Units Gas Primary Units costs 4.04p each kWh (Kilo Watt Hour) Gas Secondary Units cost 2.06p for each kWh 10% discount if you use both Gas and Electricity Add 5% VAT Food and Toiletry Costs £40 to £200 per week for a couple Car 2007 Running costs http://www.theaa.com/allaboutcars/advice/advice_rcosts_petrol_table.jsp Investigate some other Costs Children Credit Card Bills Childcare Repairs to house Insurance Meals Out Water bill, Days Out Phone bills (landline, mobile). Holiday TV Licence Clothes Sky Electrical Items Pension payments Hairdressers Benefits http://www.dwp.gov.uk/lifeevent/benefits/ Cost of raising a child http://www.timesonline.co.uk/tol/news/uk/article632126.ece was £180,000 in 2006 and http://www.telegraph.co.uk/news/main.jhtml?xml=/news/2007/12/07/nrates407.xml was £186,000 in late 2007. Prepare a report to support or contradict these reports. Check out this US calculator, which ought to be promoted as contraception. http://conception.parenthood.com/colc.html http://conception.parenthood.com/crc2006_chart.html MEP Assessment online activity http://www.cimt.plymouth.ac.uk/projects/mepres/book7/book7int.htm
"Home Mortgage Calculator"