When you have decided to take the first steps in buying a home you need to make sure that your finances are in order. This budget sheet will help you determine what you make now and what you are spending. All you need to do is list all income and expenses below to find out how much a surplus you have to devote to buying a home, what you could possibly afford, and where you can cut corners.

Income
Income Take - Home Pay/All Family Members
Child Support/Alimony
Pension/Social Security
Disability/Other Insurance
Interest/Dividends
Other
Total Income

 

Expenses
Car Payments
Car Upkeep
Charitable Donations
Child Care
Clothing
Credit Card Payments
Dining Out
Education
Groceries
Health/Disability Insurance
Homeowners or Other Insurance
Household Goods
Life Insurance
Medical/Dental/Prescriptions
Other Loan Payments
Personal Care Products
Recreation/Entertainment
Rent/Mortgage
Savings/Pension Contribution
Utilities
Vehicle Insurance
Miscellaneous (anything not mentioned)
Total Expenses
Remaining Income After Expenses

 

This sheet should be a big help in laying out all the costs associated with your daily life and what it may take to own a home that you are not currently paying. As with all material listed on our site if you have any questions at all please do not hesitate to contact me.