# to plan future income and spending

Medicare Beneficiaries’ Out-of-Pocket Health Care Spending as a Share of Income Now and Projections for the Future - Report - 9129 | KFF » Introduction Medicare helps pay for the health care needs of 59 million people ages 65 and over and younger people living with permanent disabilities. Yet, people with Medicare can face significant health-related out-of-pocket costs, including premiums, deductibles, cost sharing for Medicare-covered services, and costs for services Medicare does not cover, such as long-term services and…More Kff.org

What Are the 5 Purposes of Budgeting? » Budgeting is a critical financial skill that is important for everyone, regardless of their level of financial knowledge. Learn five reasons why you should practice budgeting. Investopedia.com

The Cost of Raising a Child » USDA recently issued Expenditures on Children by Families, 2015. This report is also known as “The Cost of Raising a Child.” USDA has been tracking the cost of raising a child since 1960 and this analysis examines expenses by age of child, household income, budgetary component, and region of the country. Based on the most recent data from the Consumer Expenditures Survey, in 2015, a family will spend approximately $12,980 annually per child in a middle-income ($59,200-$107,400), two-child, married-couple family. Middle-income, married-couple parents of a child born in 2015 may expect to spend $233,610 ($284,570 if projected inflation costs are factored in*) for food, shelter, and other necessities to raise a child through age 17. This does not include the cost of a college education. Usda.gov

FACT SHEET: The American Families Plan | The White House » Today, President Biden announced the American Families Plan, an investment in our kids, our families, and our economic future. In March, the President signed into law the American Rescue Plan, which continues to provide immediate relief to American families and communities. Approximately 161 million payments of up to $1,400 per person have gone out to households, schools… Whitehouse.gov

Financial Plans: Meaning, Purpose, and Key Components » A financial plan is a document detailing a person’s current money situation and long-term monetary goals, as well as strategies to achieve them. Investopedia.com

Financial Terms Glossary | Consumer Financial Protection Bureau » Financial Terms Glossary Consumerfinance.gov