Unless the tenancy for your student home or professional let includes bills when you move into your new shared house, you’ll have to think about how you’ll pay your utility bills between you and your housemates.
You might decide to set up a joint account between you, or choose the slightly easier route of opting for a bill package offered by companies such as Split The Bills. From electricity and gas to internet and water, coordinating payments can quickly become a headache.
What are bill packages?
Bill packages allow you to bundle your household utilities and services into one monthly payment split equally between everyone in your student/shared house. Instead of juggling multiple due dates, providers and one person taking responsibility for everything, you pay a set amount each month, which covers all your essential bills.
These packages usually include:
If you’re not sure how signing up for a bill package could help you, here are some of the benefits to consider:
1. Simplifies payments
One of the biggest benefits of using a bill splitting service is the simplicity and convenience. All you need to do is make one monthly payment covering all your utilities. This saves the hassle of managing several different bills from multiple providers and ensures your bills are paid on time.
2. Makes budgeting easier
Knowing exactly how much you’ll be paying per month and when is a huge help when it comes to budgeting. You can manage your finances for the month and avoid any unexpected costs.
3. Makes paying bills fair
Signing up for a bill package ensures that the cost of your utilities is split fairly among you and your housemates. This helps reduce the risk of arguments over who owes what and who hasn’t paid.
At Split The Bills, we divide the total cost equally, so everyone pays their own share.
4. Saves time
When you’re at uni, you want to focus on studying, socialising and nights out, you don’t want to be spending hours on the phone to your utility providers!
Using a student bill splitting company frees up time sorting out your bills. One provider manages all your utilities, saving you time and effort. This gives you more time to focus on your studies and make the most of your uni life.
5. Provides one point of contact
If any problems occur with your bills, when you opt for a student bill package, all you have to do is call one provider. You don’t have to worry about sifting through various pieces of paperwork or calling around to find the right contact.
A service such as Split The Bills allows you to manage everything easily through one point of contact. Good bill package providers offer great customer support (and are rated Excellent on Trustpilot), ensuring any issues are resolved quickly and efficiently.
6. Set up is completely taken care of
When you use a provider such as Split The Bills, all you have to do is sign up and set your payments up and you’re ready to go.
Your bill-splitting provider will contact all of your providers to get you up and running so you can move in without the worry of paying multiple bills. Plus, when you move out, it’s all sorted again for you (we’ll close all the accounts on your behalf), providing you with a completely hassle-free service.
As you can see, signing up for a bill package with a bill splitting provider offers a huge range of benefits. Before you make your mind up, it’s worth considering the cons too…
1. Less control over providers
When you opt for a bill package, you might have less control over which utility providers are used. This can be a drawback if you’d rather stick to certain providers or take advantage of student deals.
2. Commitment and contracts
Some bill packages require you to commit to a minimum contract term. This can be restrictive if your living situation changes or you only plan to stay in your house for a shorter period of time.
It might be worth checking the terms and conditions before applying to know exactly where you stand if you or one of your housemates choose to move out for any reason.
3. Limited customisation
Some bill packages can offer less flexibility when it comes to customising your services. If you want to add or remove certain utilities, it might not be as straightforward as managing each bill separately.
At Split The Bills, we offer flexibility in our packages. You choose the utilities you want us to provide, and we’ll build a package just for you. For example, your rent may include gas and electricity, but you’ll still need to pay for everything else. Just let us know what you want us to take care of and we’ll set it all up for you.
Student bill packages offer a range of benefits that can make living in your student house more manageable.
At Split The Bills, we aim to make student life easier by ensuring you can focus on what matters most – your studies and enjoying your time at uni.
Split The Bills is a bill-splitting service trusted by thousands of students nationwide. We handle the responsibility of setting up your utility accounts, managing direct debits, and ensuring everyone pays their share! You don’t need to worry about when or how to set up each bill; you just need to create an account with us and we’ll do the rest.
You can create a personalised package based on your household needs. This can include energy, broadband, water and even a TV Licence if you plan to watch live TV.
If you want to make your uni experience as simple as possible, learn more about how Split The Bills works or get a price today!
The move from first to second year at university often comes with a lot of change as most students will have to start paying bills for the first time. In this feature we discuss how you can keep your finances organised and pay bills responsibly.
The move from first to second year at university often comes with a lot of change as most students will have to start paying bills for the first time. In this feature we discuss how you can keep your finances organised and pay bills responsibly.
The move from first to second year at university often comes with a lot of change as most students will have to start paying bills for the first time. In this feature we discuss how you can keep your finances organised and pay bills responsibly.