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Decide how much money to spend on each category of expenditures


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


Now that you are on your own you will recognize that there are many types of things you will need to spend your money on.

Life on your own can be complicated but a good spending plan can make things so much easier for you. And don’t forget to make provision for the savings you want to make for your goals.

The following resources may assist you in deciding how much money to spend on each category of expenditures:

Setting Up a Spending Plan

How To Budget

Budgeting Tips

Budgeting Worksheet

Downloadable Budget Spreadsheets


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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