When is YOUR Bills Freedom Day? Use our calculator to find out how long you ... trends now

When is YOUR Bills Freedom Day? Use our calculator to find out how long you ... trends now
When is YOUR Bills Freedom Day? Use our calculator to find out how long you ... trends now

When is YOUR Bills Freedom Day? Use our calculator to find out how long you ... trends now

Today is 'Bills Freedom Day' - the date a typical earner works until just to cover their household bills, according to research carried out exclusively for MailOnline.

All the take-home pay a person on an average salary has made up until now in 2024 will go on bills - even before accounting for mortgage, rent or food, the study found.

The average person will pay £4,561 this year on bills for energy, council tax, water, broadband, mobile phones, insurance and entertainment subscriptions.

That amounts to 16 per cent - or 59 days' worth - of the average British worker's take-home pay of £28,245, according to AI household money saving firm Nous.co.

This means that Leap Year Day today - February 29 - is the first day after all the bills have been covered this year. Experts said the day was 'getting later each year'.

Here, input your information into this calculator to find out your Bills Freedom Day:

Nous.co chief executive Greg Marsh told MailOnline: 'It's depressing to think that all the work you've done this year, all the money earned so far, has been entirely swallowed up by your bills. 

'And Bills Freedom Day is getting later each year.

'Energy bills are still 50 per cent above their pre-pandemic levels, and mobile and broadband costs are spiking too – partly thanks to unfair mid-contract price rises.

'What makes it even worse is that almost all of us are paying far more than we need to on our household bills. 

'Keeping on top of contracts is a huge headache. Suppliers know this, and use it to take advantage.'

According to the Office for National Statistics, the average annual salary in the UK is £34,963, which amounts to annual take-home pay of £28,245.

Based on a household with two adults sharing, almost £1,000 per person will go on energy bills, another £1,000 on council tax, £400 on mobile phones, and almost £300 on broadband.

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