HFA Smart Budget · Housing Foundation of America

Smart Budget

Housing Foundation of America
Helping You Reach Your Housing Goals
Income
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Expenses
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Left to Budget
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Your Monthly Income

Start with every dollar coming in each month. Use your gross (before-tax) pay — your HFA counselor reviews income just like this.

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Tip: Paid weekly? Multiply by 4.33. Paid every two weeks? Multiply by 2.17. That turns any paycheck into a true monthly figure.

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Income SourcesWages, benefits & other
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🔒Private by design. Everything you type stays on this device only — nothing is uploaded, tracked, or sent to HFA. Clearing your browser data erases it.

Your Spending Plan

Give every dollar a job. Tap a category to expand it and enter what you spend in a typical month. Colored tags show Needs Wants Savings/Debt.

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Zero-based budgeting (the YNAB method): keep assigning until “Left to Budget” reaches $0 — not because you spent it all, but because every dollar has a purpose, including savings.

Your Money, Visualized

A clear picture of where your money goes — and how healthy your plan looks.

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Budget Health ScoreBased on savings, housing & balance
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Let’s get started

Enter your income and expenses to see your score.

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Where It GoesSpending by category
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Total Spending
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The 50 / 30 / 20 RuleNeeds · Wants · Savings & Debt
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A trusted guideline: about 50% of take-home to needs, 30% to wants, 20% to savings & debt payoff. The marker shows your target.

Home Affordability

This mirrors the Affordability Study your HFA counselor prepares — using your income, the 30% housing guideline, and a 43% debt-to-income limit.

Estimated Home Price You May Afford
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Enter your income to estimate
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Your AssumptionsAdjust to match your situation
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HFA clients may qualify for Down Payment Assistance. Under the Miami-Dade HAP program, households at ≤80% AMI may receive up to $28,000 and those at 80–140% AMI up to $14,000 — and additional programs (SHIP, Surtax, City of Miami) may stack on top. Add an estimate above, then confirm your exact amount with a counselor.

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Your RatiosHow lenders & HFA evaluate you
Monthly gross incomeFrom your Income tab
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Front-end (housing) ratioHousing ÷ income · target ≤ 30%
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Back-end ratio (DTI)Housing + debts ÷ income · ≤ 43%
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% of Area Median IncomeMiami-Dade, by household size
Affordable monthly housing30% of gross — P&I, taxes, insurance, upkeep
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Ready to make it real?

HFA is a HUD-certified housing counseling agency. Our counselors review your budget, pull down-payment assistance, and build your personalized path to ownership — free.

ℹ️Estimates are for education only and are not a loan offer or commitment. AMI limits update annually — your counselor confirms current figures. Services in English, Spanish & Creole.

Money Basics

Short, practical lessons to help your budget go further.

🚨Build a starter emergency fund

Aim for $1,000 first, then work toward 3–6 months of expenses. It’s the buffer that keeps a flat tire or medical bill from becoming credit-card debt — and lenders love to see reserves.

❄️Pay off debt: Snowball vs. Avalanche

Snowball: pay smallest balance first for quick wins and motivation. Avalanche: pay highest interest rate first to save the most money. Both work — pick the one you’ll stick with.

🏠The 30% housing rule

Keep housing (rent or mortgage + taxes + insurance) near or below 30% of gross income. It’s the same front-end ratio HFA uses in your Affordability Study — staying under it keeps you mortgage-ready.

💳Protect your credit

Pay on time, every time, and keep card balances under 30% of your limit. On-time payments and low utilization are the two biggest drivers of your score — and your interest rate.

🎯Give every dollar a job

A budget where income minus everything (including savings) equals zero means you’re intentional with 100% of your money. That’s the heart of zero-based budgeting.

Talk with a HUD-certified counselor

Free, judgment-free guidance on budgeting, credit, and buying your first home — in English, Spanish & Creole.

Housing Foundation of America, Inc. · HUD-Certified Housing Counseling
(954) 923-5001 · homeapproved.org · hfatoday@gmail.com
Educational tool · not financial or lending advice