Need Help with BUDGETING...Try this Worksheet

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Real Estate Agent with Precious Memories - Photography

Budget Basics Worksheet

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 (include taxes, principal, and insurance)
Life Insurance
Health/Disability Insurance
Vehicle Insurance
Homeowners or Other Insurance
Car Payments
Other Loan Payments
Savings/Pension Contribution
Utilities (gas, water, electric, phone)
Credit Card Payments
Car Upkeep (gas, maintenance)
Clothing
Personal Care Products (shampoo, shaving cream, etc.)
Groceries
Food prepared outside the home (restaurant meals and carry out)
Medical/Dental/Prescriptions
Household Goods (hardware, lawn and garden)
Recreation/Entertainment
Child Care
Education (continuing education, lessons for children)
Charitable Donations
Miscellaneous
Total Expenses =

 

Income After Expenses (Subtract Expenses from Income)=

This may seem so simple but you would be amazed at how many people have never sat down and figured this number out. It helps to do this for so many reasons. For one you will be able to see any areas that you're spending more than you realized and possibly cut back.

 

--Our goal in maintaining this blog is to provide you with valuable information, tips, and general insight for buyers, sellers and investors in the Dallas Texas real estate market. If you choose to use Exceptional Realty Services, feel free to call us anytime, we'd be honored to help. We can assist you with the process of finding a home, help with getting a loan, information for relocation, listing and selling your home, investment tips and toolsforeclosure assistance, and short sale information.

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Monica Bourgeau
Portland, OR
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Thanks for the post.
Oct 01, 2007 06:14 AM #1
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Christy Schleicher

Precious Memories - Dallas TX
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