• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer

Rachel Gontkovic - Long & Foster Annapolis

Live the Annapolis Lifestyle

  • Home
  • About Us
  • Listings
  • Testimonials
  • Resources
  • Blog
  • Contact
  • Search Homes
  • Home Evaluation

Creating a Home Budget

January 6, 2022 by Rachel Gontkovic

Creating a budget can be one of the most challenging steps in the home-buying process. Here are a few simple ways to create a one.

Photo by Pickawood on Unsplash

 

Write down how much income you make every month.

Note your monthly expenses, and don’t skip out on any. For example: dining and drinks at restaurants, groceries, car payments, cell phone payments, subscription services, etc. Go over this list a few times to be sure you haven’t forgotten anything. Use your credit card statements to help you remember. Don’t forget to treat regularly saving as a bill.

Predict that you’ll spend no more than 28% of your monthly income on a mortgage every month, and determine if that suits how much you have leftover for other monthly expenses.

Toy around with your budget until you find a sweet spot where you feel like you can still live a comfortable life while paying off your mortgage.

Have more questions about budgeting? Or ready to speak to a mortgage broker? Get in touch and I’ll get you started.

Filed Under: Ask the Realtor, First Time Homebuyers, For Buyers Tagged With: annapolis, annapolis homes, annapolis real estate, annapolis realtor, buying a home, buying tips, first home, getting a home loan, home buyer, home buying tips, Rachel Frenstos, real estate, real estate agent, real estate tips

More Posts

5 Mistakes Home Sellers Make

Your “Starter Home” Might Last Longer than You Think

A Crucial First Step: Mortgage Pre-Approval

Moving Forward with Rachel Reunion: Featuring Andrea O’Shea

Primary Sidebar

Sign up for my Newsletter

Annapolis Lifestyle

Waterfront homes in Annapolis Maryland

The Blog

Rachel Frentsos writing a blog article

Recent Posts

  • Where Will You Go If You Sell? You Have Options.
  • What Past Recessions Tell Us About the Housing Market
  • Think Twice Before Waiting for 3% Mortgage Rates
  • Is It Time To Sell Your Second Home?
  • What Experts Are Saying About the 2023 Housing Market

Archives

  • February 2023
  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020
  • December 2019
  • November 2019
  • October 2019
  • September 2019
  • August 2019
  • July 2019
  • June 2019
  • May 2019
  • April 2019
  • March 2019
  • February 2019
  • January 2019
  • December 2018
  • November 2018
  • October 2018
  • September 2018
  • August 2018
  • July 2018
  • June 2018
  • May 2018
  • April 2018
  • March 2018
  • February 2018
  • January 2018
  • December 2017
  • November 2017

Categories

  • Annapolis Lifestyle
  • Ask the Realtor
  • First Time Homebuyers
  • For Buyers
  • For Seller
  • Holiday
  • Home Improvement
  • Home Maintenance
  • Moving Forward with Rachel
  • Resources
  • Uncategorized
February 2023
M T W T F S S
 12345
6789101112
13141516171819
20212223242526
2728  
« Jan    

Footer

Rachel FrentsosRachel Gontkovic (Frentsos)
Realtor

Connect with Me on:

  • Facebook
  • Instagram
  • LinkedIn
Sign up for my Newsletter

Send Rachel a Message

Copyright © 2023 Rachel Gontkovic (Frentsos), Annapolis Fine Homes - All Rights Reserved

Website images by JLowe Photos unless otherwise indicated.

Site design and hosting by Fischer IT Solutions for Business By Barnhill