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.
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EXPENSES
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Rent/Mortgage (include taxes, principal, and insurance)
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Life Insurance
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Health/Disability Insurance
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Vehicle Insurance
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Homeowner’s or Other Insurance
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Car Payments
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Other Loan Payments
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Savings/Pension Contribution
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Utilities (gas, water, electric, phone)
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Credit Card Payments
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Car Upkeep (gas, maintenance, etc.)
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Clothing
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Personal Care Products (shampoo, cologne, etc.)
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Groceries
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Food Outside the Home (restaurant meals and carryout)
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Medical/Dental/Prescriptions
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Household Goods (hardware, lawn, and garden)
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Recreation/Entertainment
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Child Care
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Education (continuing education, classes, etc.)
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Charitable Donations
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Miscellaneous
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Total Expenses
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Remaining Income After Expenses
(Subtract Total Income from Total Expenses)
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Each office is Independently Owned and Operated.