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 |
|
| 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= |
|
Reprinted from REALTOR ® Magazine Online by permission of the NATIONAL ASSOCIATION OF REALTORS ®
Copyright 2005. All rights reserved.
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