Know Your Budget

By
Real Estate Agent with Keller Williams Realty Diamond Partners, Inc.

Budget Basics Work Sheet

Buying a home requires much preparation before your become active in actually looking for that next home.  This should be read to continue that preparation, and it fits nicely into my series: 8 Ways to Improve Your Credit, [pre-] First Things First: 8 Steps to Getting Your Finances in Order and First Things First: Pre-approval to Purchase a Home

  The first step in getting yourself in financial shape to buy a home is to know what you make and what you spend now. Print this blog and 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

Life Insurance

Health/Disability Insurance

Vehicle Insurance

Homeowners or Other Insurance

Car Payments

Other Loan Payments

Savings/Pension Contribution

Utilities

Credit Card Payments

Car Upkeep

Clothing

Personal Care Products

Groceries

Food Prepared Outside the Home

Medical/Dental/Prescriptions

Household Goods

Recreation/Entertainment

Child Care

Education

Charitable Donations

Miscellaneous

Total Expenses=

Remaining Income After Expenses=

Contact me for a FREE consultation and to find out what to do next today!  Thanks.  MH

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Rainer
336,310
Chip Jefferson
Gibbs Realty and Auction Company - Columbia, SC
Great worksheet but it doesn't really facilitate what the lenders use to qualify. None the less it does help a consumer know whats left over for there home purchase.
Mar 15, 2008 02:28 AM #1
Rainer
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Brian Kreick
Willinger Real Estate - Wenatchee, WA
People do need to budget their money.  I don't use a form like this.  I don't think it will be very accurate.  I think if you keep your receipts for 3 months you'll know what your spending on average for the year.
Mar 15, 2008 02:49 AM #2
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Rainer
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Matt Hecker

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