Utility Bill

Meaning :

A utility bill is a monthly bill for important household services like electricity,  water, gas, internet, or telephone. It shows how much you have used and the amount  you need to pay.

Example : 

For instance, receiving an electricity bill of ₹1,200 for your home is an example  of a utility bill.

How to Understand : 

A utility bill is simply the payment for services you use every month to keep your home  or office running.

More usage means a higher bill, while less usage means a lower bill.

Importance :

Utility bills help you manage your household expenses by showing how much you spend  on services.

They can act as proof of your address for many documents.

Utility bills are required for budgeting and financial planning to keep track of your  money.

Paying your utility bill on time helps you avoid penalties or having your services  disconnected.