This is a template you can use to create a household budget based on your current financial situation.

NOTE: You will notice there is a space for ‘Rent/Mortgage Payment’. Once you finish your initial budget, if there is a home you are interested in purchasing or a price range you have in mind, you can use an online mortgage calculator (such as the one found here: to find out how much your monthly payments would be on a standard 25-year mortgage. Make note of the ‘down payments’, ‘additional costs’, and ‘monthly expenses’ totals as well. Use this information to create a second ‘homeowner’ budget to see if you could afford those home ownership costs.

Click to download: Budget Worksheet Template

Last modified: Tuesday, 11 October 2022, 2:55 PM