Utility Bill

Meaning :

A utility bill is defined as a monthly invoice for essential household services,  including electricity, water, gas, internet, or telephone. It outlines your usage and the  total amount due for payment.

Example : 

For instance, receiving a monthly electricity bill of ₹1,200 for your residence  exemplifies a utility bill.

How to Understand : 

A utility bill represents the payment for services you use each month to operate your  home or office.

Increased usage results in a higher bill, while decreased usage leads to a lower bill.

Importance :

Utility bills are crucial for managing household expenses, providing insight into your  spending habits.

They can serve as valid proof of address for numerous official documents.

Utility bills are essential for budgeting and financial planning, enabling better control  over finances.

Timely payment of utility bills helps prevent penalties or the disconnection of services,  ensuring continuous access to necessary utilities.