The first step in getting yourself in financial shape to buy a home in Sarasota or Miami Florida is to know exactly how much money comes in and how much goes out. Use this worksheet to 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

 

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)

 


Looking to invest in or move to Florida? Contact Kijner & Sons International Realty at info@kijner.com

--

Source: The National Association of Realtors® (NAR)