Comparison figures in this calculator are reliant on information from the Australian Bureau of Statistics Household Expenditure Survey 2009-10, as at 11 November 2014: http://www.abs.gov.au/AUSSTATS/abs@.nsf/mf/6530.0/
The following categories were used:
InsuranceLine Expense Comparison Category
Official ABS Name as it appears in the ABS Household Expenditure Survey 2009-2010 (Table 17)
Current housing costs (select dwelling)
Electricity & Gas
Domestic fuel and power
Food, non-alcoholic beverages, alcoholic beverages, tobacco products and personal care
Medical & Healthcare
Medical care and health expenses
Miscellaneous Goods & Services
Miscellaneous goods & services
Household Services & Operations
Household services and operation
Furniture and Appliances
Household furnishings and equipment
The figures used have been indexed as per the Selected Living Cost Indexes, Australia, September 2014The full report can be downloaded here:
The Transport index figures have been applied to Domestic Fuel and Power and the Footwear index figures have been applied to Personal Care.
The information contained in the calculator has been produced with the intention of providing a fun and engaging way for consumers to compare their monthly spending habits with those in similar living arrangements; single, couple, single parent, couple with kids. The calculator uses the most recent data supplied by the Australian Bureau of Statistics. Although this calculator applies indexation to these figures their relevance may change over time.
Definitions A household is one or more persons, one of whom is at least 15 years of age, usually resident in the same private dwelling.
Expenditure is the cost of goods and services acquired during the survey reference period for private use, whether or not the goods were paid for or consumed. It is reduced by refunds received or expected.
Your home costs relate only to the dwelling in which the household usually lives, and refer to costs such as rent, mortgage interest, body corporate levies, insurance, repairs and maintenance. The principal component of a mortgage repayment is excluded.
The InsuranceLine Expense Comparison Calculator is operated by InsuranceLine and provides information on consumer spending habits in Australia. InsuranceLine is a division of TAL Services Limited ABN 60 076 105 130 a Dai-ichi Life Group Company.
Your use of this calculator is subject to the following terms and conditions:
Important Information This tool is provided by TAL Direct Pty Ltd ABN39 084 666 017 AFSL 243260, and provides information for Australian residents only. To the extent that any advice is provided, it does not take into account your financial objectives, circumstances or needs.
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