The first step in getting yourself in financial shape to buy a home is to know exactly how much money comes in and how much goes out. Use this worksheet to list your income and expenses below.
Income | |
---|---|
Take home pay (all family members) | |
Child support/Alimony | |
Pension/Social Security | |
Disability/Other Insurance | |
Interest/Dividends | |
Other | |
Total Income |
Expenses | |
---|---|
Rent/Mortgage (include taxes, principal, and insurance) | |
Life Insurance | |
Health/Disability Insurance | |
Vehicle Insurance | |
Homeowner’s or Other Insurance | |
Car Payments | |
Other Loan Payments | |
Savings/Pension Contribution | |
Utilities (gas, water, electric, phone) | |
Credit Card Payments | |
Car Upkeep (gas, maintenance, etc.) | |
Clothing | |
Personal Care Products (shampoo, cologne, etc.) | |
Groceries | |
Food Outside the Home (restaurant meals and carryout) | |
Medical/Dental/Prescriptions | |
Household Goods (hardware, lawn, and garden) | |
Recreation/Entertainment | |
Child Care | |
Education (continuing education, classes, etc.) | |
Charitable Donations | |
Miscellaneous | |
Total Expenses | |
Remaining Income After Expenses (Subtract Total Income from Total Expenses) |
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