HOBudgetbasics

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...............................................................................

Life Insurance..................................................................................

Health/Disability Insurance..........................................................

Vehicle Insurance...........................................................................

Homeowners or Other Insurance.................................................

Car Payments..................................................................................

Other Loan Payments....................................................................

Savings/Pension Contribution.....................................................

Utilities..............................................................................................

Credit Card Payments....................................................................

Car Upkeep......................................................................................

Clothing............................................................................................

Personal Care Products................................................................

Groceries..........................................................................................

Food Prepared Outside the Home..............................................

Medical/Dental/Prescriptions.....................................................

Household Goods...........................................................................

Recreation/Entertainment...........................................................

Child Care.........................................................................................

Education.........................................................................................

Charitable Donations.....................................................................

Miscellaneous.................................................................................

Total Expenses=

Remaining Income After Expenses=