When applying for a credit card, you will need to enter your share of monthly living expenses.
Below is a list of living expenses you should consider:
- Clothing and personal care e.g. footwear, beauty products
- Groceries e.g. meat, fruit, vegetables, toiletries, cleaning products
- Insurance e.g. health, home and contents, car, life, pet
- Transport e.g. all public transport costs, motor vehicle costs such as petrol, maintenance, registration (excluding any motor vehicle loan repayments)
- Medical and Health e.g. regular prescriptions, doctor visits, dental, physio, vet bills
- Recreation and entertainment e.g. movies, concerts, shows, eating out, travel
- Childcare e.g. day care and preschool fees, nannies, before and after school care
- Education e.g. school fees and contributions, ongoing professional development costs, general education costs
- Telephone and internet e.g. mobile and land lines, internet and streaming services
- Owner occupied and/or investment property utilities and rates e.g. water and council rates, body corporate, electricity, ongoing maintenance costs