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Budget Basics Work Sheet

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 $

Reprinted from REALTOR® Magazine Online by permission of the NATIONAL ASSOCIATION OF REALTORS®
Copyright 2005. All rights reserved.                        www.REALTOR.org/realtormag