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 (include taxes, principal, and insurance)
Life Insurance
Health/Disability Insurance
Vehicle Insurance
Homeowners or Other Insurance
Car Payments
Other Loan Payments
Savings/Pension Contribution
Utilities (gas, water, electric, phone)
Credit Card Payments
Car Upkeep (gas, maintenance)
Clothing
Personal Care Products (shampoo, shaving cream, etc.)
Groceries
Food prepared outside the home (restaurant meals and carry out)
Medical/Dental/Prescriptions
Household Goods (hardware, lawn and garden)
Recreation/Entertainment
Child Care
Education (continuing education, lessons for children)
Charitable Donations
Miscellaneous
Total Expenses =
Remaining Income After Expenses =

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