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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 |
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| Take Home Pay (all family members) |
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| Child Support/Alimony |
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| Pension/Social Security |
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| Disability/Other Insurance |
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| Interest/Dividends |
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| Other |
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| Total Income |
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| EXPENSES |
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| Rent/Mortgage (include taxes, principal, and insurance) |
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| Life Insurance |
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| Health/Disability Insurance |
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| Vehicle Insurance |
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| Homeowner’s or Other Insurance |
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| Car Payments |
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| Other Loan Payments |
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| Savings/Pension Contribution |
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| Utilities (gas, water, electric, phone) |
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| Credit Card Payments |
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| Car Upkeep (gas, maintenance, etc.) |
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| Clothing |
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| Personal Care Products (shampoo, cologne, etc.) |
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| Groceries |
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| Food Outside the Home (restaurant meals and carryout) |
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| Medical/Dental/Prescriptions |
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| Household Goods (hardware, lawn, and garden) |
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| Recreation/Entertainment |
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| Child Care |
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| Education (continuing education, classes, etc.) |
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| Charitable Donations |
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| Miscellaneous |
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| Total Expenses |
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Remaining Income After Expenses
(Subtract Total Income from Total Expenses) |
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