Ok, so I'm moving out of uni accommodation and into a rented house come august/september with my housemates and I have been thinking about how bills etc are going to be paid.
I like the idea of a joint account and Direct debit/money transfer as it just seems fair and less hassle...also, one of my housemates is a tad bad at remembering to pay back money, so with DD its automatically sorted.
But I'm new to all this bills and money management and was wondering- if you pay your bills online, how do you work out how much each person owes/has to pay? Is it possible to view the bills online a few days before payment is due? Or do most companies send a paper bill?
If we use DD then we will have to work out the average amount for each bills then pay in a little extra to cover any additional costs- I guess left over money can be used for cleaning products etc.
Money transfer is another option but I wouldn't want to go around reminding people again and again that it needs sorting....
any help appreciated [sorry if its a little long/confusing!]
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Paying bills in rented house watch
- Thread Starter
- 25-07-2009 02:55
- 25-07-2009 03:01
well i know when my cousin lived in a house with 3 others they split the bills into 4 and the bills came in one persons name.. and they gave the money to tht person for example the ntl came in a housemtes name so everyone would give their 1/4 each in cash to her and shed pay it.. x
(Original post by Em_maK)
- 25-07-2009 03:10
Direct debit etc
What we do in my flat is as follows.
We have 4 and we could not be bothered with any hassle and decided to make everything as automated as possible.
To this end, we created a joint account between two of the people living in my flat. (I know this could be an issue for many but I trust my friends as if they where my brothers so I don't mind it at all) Everyone then created a standing order of an amount we decided which would cover any and all bills(£25 a month with the option to increase) to this joint account on a set day every month. This then gets direct debited out when a bill comes through.
The bill gets payed and the remainder stays in the account for a rainy day (or a massive leccy bill).