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


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


A spending plan does not need to, or even should, stay the same from month to month. At the end of each month you will want to evaluate how well your plan fit with your reality.

The following resources may assist you in comparing your planned and actual expenditures and making adjustments for the following month:

How Evaluating Fits Into the Budgeting Process


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

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