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.


  • Take Home Pay (all family members)
  • Child Support/Alimony
  • Pension/Social Security
  • Disability/Other Insurance
  • Interest/Dividends
  • Other

Total Income __________


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

Total Expenses _________

Remaining Income After Expenses __________
(Subtract Total Income from Total Expenses)

Source: REALTOR® magazine (RealtorMag.Realtor.org) with permission of the NATIONAL ASSOCIATION OF REALTORS®.