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.
|Take Home Pay/All family members|
|Rent/Mortgage (include taxes, principal, and insurance)|
|Homeowners or Other Insurance|
|Other Loan Payments|
|Utilities (gas, water, electric, phone)|
|Credit Card Payments|
|Car Upkeep (gas, maintenance)|
|Personal Care Products (shampoo, shaving cream, etc.)|
|Food prepared outside the home (restaurant meals and carry out)|
|Household Goods (hardware, lawn and garden)|
|Education (continuing education, lessons for children)|
|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 tools, foreclosure assistance, and short sale information.