The first step in getting yourself in financial shape to buy a home is to know exactly how much money comes in and how much goes out. Use this worksheet to list your income and expenses below.

  • monthly income
  • Take Home Pay
  • Child Support/Alimony
  • Pension/Social Security
  • Disability/Other Insurance
  • Interest/Dividends
  • Other
  • total income
  • monthly expenses
  • Rent/Mortgage (include taxes, principal, and insurance)
  • Insurance (life, auto, health, disability)
  • Car Payments
  • Other Loan Payments
  • Savings/401k Contributions
  • Utilities (gas/water/electric/phone)
  • Credit Card Payments
  • Car Gas/Maintenance
  • Clothing
  • Personal Care
  • Groceries
  • Eating Out
  • Medical/Dental Expenses and Prescriptions
  • Household Goods and Upkeep (hardware, lawn, garden)
  • Entertainment and Travel
  • Child Care
  • Educations
  • Charitable Donations
  • Miscellaneous
  • Total Expenses
  • Remaining Income After Expenses = ___________
  • (Subtract Total Income from Total Expenses)