First-Time Homebuyer Budget Worksheet – Spreadsheet Template

A home under consideration by a first-time homebuyer

Determining just how much you can afford to spend on your home can be tricky, especially when you’re buying a home for the first time. Careful budgeting can help you to plan, ensuring that you always have enough money for your living expenses as well as your homeownership costs. Using this free, downloadable first-time homebuyer budget worksheet (i.e., spreadsheet template) can help guide you through the process of creating your budget.

What’s Inside

The budget worksheet identifies key expenses that will help you to understand your financial health, so you can determine if you’re financially ready to buy your first home. These expenses include:

  • Car payments
  • Credit-card minimums
  • Student loans
  • Child support
  • And other obligations

In fact, the worksheet breaks down your financial obligations into different expense areas so you can understand exactly where your money goes. It also includes some tips to help you determine what you should reasonably spend on each area.

The Goal

The goal is that, once you complete the first-time homebuyer budget worksheet, you can better plan for the new and additional expenses that you will face as a homeowner.

Remember: As you develop your budget, look for ways to increase your income and to reduce your expenses. Small changes can add up to increased savings.

The budget worksheet can also help you to determine if you’re ready to buy a home. Plus, if and/or when you do decide to buy a home, having this detailed budget worksheet on hand will be pivotal in helping you to determine exactly how much home you can afford.

Complete the Form to Get the Worksheet

If this free, downloadable first-time homebuyer budget worksheet sounds like something that will help you, complete the short form below to receive your complementary copy. (Please note that the worksheet comes as an Excel spreadsheet linked within the PDF.)

Best of luck to you as you undergo your first first-time home-buying adventure!