Our Blog
April 30, 2015

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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