1. Managing your own money

Life’s Financial Journeys

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

Managing your own money. “Groceries, gas, rent… They cost how much?”

College life is primarily about academics. However, you still have to manage your life, too. More than likely, the amount of money coming in will be limited.

To make sure your money lasts and you have enough to pay your expenses, you need to know what your expenses are and how you are going to prioritize your limited income.

The following subtasks may assist you in managing your money. You will find detailed resources for these subtasks under the links in the right column of this page.

Subtask 1: Understand needs versus wants and financial priorities

Subtask 2: Create a budget

Subtask 3: Protect your money

Heading Off To College Tasks

1. Managing your own money
2. Finding a place to live
3. Setting up your own banking account
4. Getting your first job
5. Using credit wisely while in school

Managing your own money Subtasks

1. Understand needs versus wants and financial priorities
2. Create a budget
3. Protect your money


NAPFA Consumer Education Foundation
8700 W. Bryn Mawr Ave., Suite 700N
Chicago, IL 60631
(847) 483–5400 ext. 106