11/04/2022
Friday Five! π
5 Steps to Making a Budget π
Having a budget and sticking to it will help you understand how much you can afford when it's time to buy a home. π΅ π
Here's how to get started:
βοΈ Step 1: Calculate your monthly income from all sources. Add your net income rather than your gross to get this figure.
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βοΈ Step 2: Create a list of fixed monthly expenses. These expenses don't change monthly and usually include everyday bills such as loan payments and insurance.
βοΈ Step 3: Determine your variable expenses, those that change monthly. Since these payments change, create an average based on the amount spent over the last three months.
βοΈ Step 4: Make adjustments depending on your budget difference. Subtract your total monthly expenses from your total monthly income. The resulting figure is your budget difference, either a surplus or deficit.
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βοΈ Step 5: With a budget in place, it's time to set some goals! Create a savings goal and stick to it. You can do this! πͺ
When you're preparing to buy a home, a budget can help you reach that goal, and so can I! Call or message me and let's chat about your real estate goals. π²
Wendy Stanley, Realtor
The Executives
(480) 709-4398
[email protected]
SA680078000
Winds Realty