Budget Basics Worksheet

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)