Utility Bill

Meaning :

A utility bill refers to a monthly statement for essential household services  such as electricity, water, gas, internet, or telephone. It details your usage and the total  amount you need to pay.

Example : 

For example, receiving an electricity bill of ₹1,200 for your home illustrates  what a utility bill looks like.

How to Understand : 

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

If you use more services, your bill will be higher; if you use less, it will be lower.

Importance :

Utility bills assist in managing household expenses by providing a clear view of your  spending.

They can serve as proof of your address for various documents.

Utility bills are important for budgeting and financial planning, helping you keep track of  your overall finances.

Timely payment of your utility bill helps you avoid penalties or disconnection of services.