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4. Setting up a spending plan


Life’s Financial Journeys

Heading Off to College
Getting Out on Your Own
Blending Two Lives
Having a Child
Emptying the Nest
Entering Retirement
Divorce
Death of a Life Partner
Military Life


Setting up a spending plan. “How can I manage my money day-to-day?”

The best way to make sure your money is used for the things that are most important to you is to plan your spending.

The following subtasks may assist you in setting up a spending plan. You will find detailed resources for these subtasks under the links in the right column of this page.

Subtask 1: Track your expenditures and income

Subtask 2: Decide how much money to spend on each category of expenditures

Subtask 3: Use your plan as a guide and record your actual expenditures

Subtask 4: Compare your planned and actual expenditures and make adjustments for the following month


Getting Out on Your Own Tasks

1. Finding housing
2. Building credit access and usage
3. Reaching financial goals
4. Setting up a spending plan
5. Getting properly insured

Setting up a spending plan Subtasks

1. Track your expenditures and income
2. Decide how much money to spend on each category of expenditures
3. Use your plan as a guide and record your actual expenditures
4. Compare your planned and actual expenditures and make adjustments for the following month

Permanent link to this article: http://napfafoundation.org/financial-help/getting-out-on-your-own-2/setting-up-a-spending-plan/