Money management is the key to today’s economy, especially for many low- or medium-income households. The unfortunate thing is that they might teach you mathematics, calculus, and maybe a couple of theories about finance but budgeting is a whole different practical skill that NEEDS to be learned. Here, we’ll talk about budgeting, especially budgeting for utilities. If you are ready, let’s get started.
What Do We Mean by Utilities?
When we say utilities, we usually talk about the essentials that enable your house or your business to work properly. For example, you need to pay for electricity which is one of the most essential utilities. It is used for lighting, charging electronic devices, and powering various equipment. You pay what you use, which is measured as kWh (kilowatt-hours). Another utility that is vital is gas, either natural gas or propane. It is used mostly in heating, cooking, fueling, etc. Gas bills are determined by the volume of gas used. Water is another crucial utility. It is used for drinking, cooking, bathing, washing clothes, and irrigation. It is similar to gas when the bills are calculated. Other common utilities are sewage and wastewater services, HVAC utilities, trash and recycling, internet and cable television services, telephone, and fees required for homeowners’ associations.
Comments
Post a Comment