Budget Basics Worksheet
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 | Â Â Â |
| Remaining Income After Expenses
(Subtract Total Income from Total  Expenses) |
 Source Realtor Magazine
