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.
EXPENSES |
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Rent/Mortgage (include taxes, principal, and insurance) |
|
Life Insurance |
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Health/Disability Insurance |
|
Vehicle Insurance |
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Homeowner’s or Other Insurance |
|
Car Payments |
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Other Loan Payments |
|
Savings/Pension Contribution |
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Utilities (gas, water, electric, phone) |
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Credit Card Payments |
|
Car Upkeep (gas, maintenance, etc.) |
|
Clothing |
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Personal Care Products (shampoo, cologne, etc.) |
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Groceries |
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Food Outside the Home (restaurant meals and carryout) |
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Medical/Dental/Prescriptions |
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Household Goods (hardware, lawn, and garden) |
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Recreation/Entertainment |
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Child Care |
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Education (continuing education, classes, etc.) |
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Charitable Donations |
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Miscellaneous |
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Total Expenses |
|
Remaining Income After Expenses
(Subtract Total Income from Total Expenses) |
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