22 Expenses Houston First Time Home Buyers Should include in Their monthly budget

Hi there, I do hope you’re doing well this morning. Today we are going to touch just a bit on expenses you may want to include in your monthly budget, as you get ready to begin your home buying process.

If you are in the process or getting ready to begin your home buying process, it is of supreme importance that you take the time to comb through all your current expenses so you can fully understand your budget.

Knowing this information, will help to keep you within a price point your monthly overall budget will easily support without causing you any financial stress. Here are 22 monthly expenses you may want to include into your budget if they apply. These are in addition to your mortgage payment:

1. Utilities Bills

2. Vehicle and related maintenance cost

3. Car insurance

4. Food and essential household items

5. Internet

6. Cellphone

7. Life insurance

8. Student loan

9. Clothing and personal care

10. Personal loan

11. Subscriptions

12. Child care

13. College fund

14. Travel

15. Credit card payment

16. Health care

17. Saving

18. Miscellaneous

19. Large purchases

20. Pet food and care

21. Retirement

22. Emergency fund.

Not knowing what you are currently spending, may cause you to take on more than your current income can handle, thereby causing you unwanted stress. Take the time necessary to budget correctly, that way, you will not have to struggle to meet your monthly expenses. As always, thank you for visiting. Until next time... Diana

Image Created by Diana for First Home Houston