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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 ___________ 
       
  Remaining Income After Expenses
(Subtract Total Income from Total Expenses)
   ___________

 

 


Reprinted from REALTOR® magazine (REALTOR.org/realtormag) with permission of the NATIONAL ASSOCIATION OF REALTORS®.
Copyright 2008. All rights reserved.
 





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TopFlight Realty
1467-B Tiny Town Rd.
Clarksville, TN 37042
Office (931) 572-1572
Direct (931) 302-3162
Fax (931) 572-1575
vbrooks@realtracs.com

Licensed in TN & KY

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