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.
monthly income
Take Home Pay
Child Support/Alimony
Pension/Social Security
Disability/Other Insurance
Interest/Dividends
Other
total income
monthly expenses
Rent/Mortgage (include taxes, principal, and insurance)
Insurance (life, auto, health, disability)
Car Payments
Other Loan Payments
Savings/401k Contributions
Utilities (gas/water/electric/phone)
Credit Card Payments
Car Gas/Maintenance
Clothing
Personal Care
Groceries
Eating Out
Medical/Dental Expenses and Prescriptions
Household Goods and Upkeep (hardware, lawn, garden)