How to Budget for Your New Manufactured Home

Learn how to build a home budget in with this budgeting worksheet!

Buying a new home can be stressful when it comes to determining what your home buying budget should be. Whether you are a first time home buyer, are looking for a larger home for your growing family or are looking to downsize, figuring out how much you can reasonably afford can be tricky, but it doesn’t have to be! These simple budget tips and tricks will help you determine how much home you can afford to help you make your homeownership dreams a reality.

Creating a budget will help you estimate the price range you can realistically afford before you even enter a home center. This will make the home buying process go smoother for you and can aid your home consultant in guiding you toward the types of homes you will be interested in!

You can easily create a budget by writing down all of your monthly expenses and comparing your expenses to your monthly income.

The easiest way to do this is by splitting all your bills and other costs into categories such as utilities, travel expenses, food, donations, etc., and writing down what you should spend each month for each individual category.

Simply sit down and write your income at the top of a piece of paper, and then determine your recurring expenses. From there, you can see how much money you have left that can be used for a mortgage payment. We have even created a simple budgeting worksheet to get you started!

With two sections for estimated cost and actual cost, our budgeting worksheet includes the following expense items for you to consider:


  • Rent/Mortgage
  • Taxes
  • Insurance
  • Repairs


  • Electric
  • Gas
  • Sewer/Trash
  • Internet
  • Home Phone
  • Cellphone
  • Cable


  • Grocery
  • Restaurants


  • Car Payment
  • Car Insurance
  • Gas
  • Maintenance


  • Entertainment
  • Clothing
  • Extracurricular
  • Cosmetics


  • Doctor Bills
  • Medications


  • Tithes
  • Charitable Donations

These examples may be just a few of the expenses you need to think about! Each category also has space for additional items so that you can tailor the worksheet to fit your personal situation.

You will start the worksheet by writing your starting account balance, starting debt and monthly income in the appropriate spaces at the top of your page. From there, you will enter your expenses to determine how much you should spend on all of the items and then discover how much you can afford monthly on a new home!



Fact Sheet

Monthly Budget Sheet

Creating a budget is hard, and even harder to stick to. Get helpful savings tips and our free budget worksheet to help you get started!

Are you ready to find your dream home?

Start shopping now or find a Clayton Family of Brands home center in your area to learn more about Clayton Built® home options.