Worksheet 1
Download Worksheet 1
Your Current Monthly Expenses
Use this worksheet to calculate your current monthly expenses. By comparing your non-housing expenses to your gross monthly income (see Worksheet 3), you can see how much you have left for housing-related expenses. Remember that as a homeowner, your housing expenses will include your monthly mortgage payment, property taxes and homeowner's insurance, condominium fee (if applicable), utilities and maintenance costs.
Average Monthly Payment
Current Housing Expenses
Rent
$
Utilities (electric, gas, oil)
$
Telephone
$
Current NON-Housing Expenses
(use averages for certain expenses such as medical bills)
Groceries/school lunches
$
Clothing
$
Day care/babysitting/tuition
$
Bank loans/car loans
$
Car Insurance
$
Gas and car repairs
$
Other transportation
$
Health care/medical bills
(monthly payments for non-covered expenses)
$
Credit cards/store charge cards
$
Restaurants/entertainment
$
Personal property taxes
$
Insurance (other than car)
$
Cable TV/satellite TV
$
Church/charity
$
Miscellaneous (anything else you pay monthly)
$
Savings (total saved per month)
$
Total Monthly expenses and savings
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