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Commonwealth Bank of Australia ABN 48 123 123 124 AFSL and Australian credit licence 234945
Monthly Living Expenses
Calculation Template
This template has been designed to calculate Monthly Living Expenses during the home loan process. To calculate the
Monthly Living Expenses, which is the amount of money needed to maintain a reasonable standard of living, consider
existing expenses that will continue to be incurred, and any new expenses that will be incurred after the loan is funded.
Expenses such as the ones below should be included (where applicable). If you are an existing CommBank customer you
can use the tools located on the CommBank app to assist with completing this.
Number of Adults in Household
Number of Dependants in Household
Age of Dependants in Household
Monthly Living Expenses
Food and Groceries
Items you should consider include fruit, meat, groceries, household items, take away food and coee (e.g. Uber
Eats, Deliveroo, Menulog).
Capturing of food and groceries costs is mandatory and the amount must be greater than $0.
$
Primary Residence Utility and Maintenance
Items you should consider include utilities such as water, electricity and gas, council rates, ongoing maintenance,
repairs, household goods and furnishings.
Do not include mortgage repayments, rent, insurance, strata and other body corporate fees on your own
dwelling, gardening and home help services, and land tax.
Where you own or rent a property the amount should be greater than $0.
$
Communication
Items you should consider include internet, pay tv, phone and media streaming subscriptions (e.g. Netflix,
Spotify, Foxtel).
$
Tertiary and Public Education
Items you should consider include public school/uni fees, books, materials, courses, higher education and
professional development.
Do not include private education costs.
Where you have children of school age and they attend a public school, the amount must be greater than $0.
$
Clothing and Personal Care
Items you should consider include clothing, shoes, accessories, hair styling and hair products, cosmetics and
toiletries.
Do not include beauty treatments (e.g. nails, tanning, spa treatments).
Capturing of clothing and personal care costs is mandatory and the amount must be greater than $0.
$
Transport and Auto
Items you should consider include public transport, car registration, petrol, tolls, repairs and maintenance, and
rideshare costs (e.g. Uber, taxi).
Do not include car insurance and recreational vehicle expenses (e.g. boats, caravans, trailers).
$
Please Note:
Do not include investment property expenses as part of your Monthly Living Expenses. These are to be captured as
Rental Expenses.
