Decide how much money to spend on each category of expenditures (Discretionary vs. Fixed items)


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


Creating a budget and organizing finances is often the integral piece to creating financial success. The key step is delineating between fixed and discretionary expenses.

While some may find this task to be the hardest task once taken, following a budget can help create financial freedoms many never dreamed existed.

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

Budgeting and Tracking Finances

Money Management Resources

10 Biggest Money Drains

Tracking Your Spending

Cash-flow Planning for Families

Where Does the Money Go?


Military Life Tasks

1. Budgeting finances
2. Reducing debt
3. Finding housing
4. Protecting against risk
5. Managing taxes
6. Saving for education
7. Preparing for retirement
8. Updating your estate plan
9. Explore Your Benefits

Budgeting finances Subtasks

1. Decide how much money to spend on each category of expenditures (Discretionary vs. Fixed items)
2. Create a system to track income and expenditures
3. Setting up bill pay while deployed
4. Establish a rainy day fund

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