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Budget Basics Worksheet

The first step in getting yourself in financial shape to buy a home is to know what you make and what you spend now. 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  
Homeowners or Other Insurance  
Car Payments  
Other Loan Payments  
Savings/Pension Contribution  
Utilities (gas, water, electric, phone)  
Credit Card Payments  
Car Upkeep (gas, maintenance)  
Clothing  
Personal Care Products (shampoo, shaving cream, etc.)  
Groceries  
Food prepared outside the home (restaurant meals and carry out)  
Medical/Dental/Prescriptions  
Household Goods (hardware, lawn and garden)  
Recreation/Entertainment  
Child Care  
Education (continuing education, lessons for children)  
Charitable Donations  
Miscellaneous  
   
Total Expenses =  
   
Remaining Income After Expenses =  

Reprinted from REALTOR® Magazine (http://www.realtor.org/realtormag) with permission of the NATIONAL ASSOCIATION OF REALTORS®. Copyright 2005. All rights reserved."
 

 

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