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Life’s Financial Journeys Heading Off to College |
Based on what you learned as you kept track of your spending and income you can develop a spending plan for future months. Your income and spending amounts must balance so that you are living within your means and saving enough money to cover unexpected expenses and to reach your goals. The following resources may assist you in developing a spending plan: |
Having a Child Tasks 1. Protecting against risk 2. Updating your estate plan 3. Arranging child care 4. Revising your spending plan 5. Saving for your child’s education Revising your spending plan Subtasks 1. Set financial goals 2. Determine your income and expenses 3. Develop a spending plan 4. Understand the income tax impacts of having a child |
