Abstract The purpose of this study was to analyze Teaching Factory (Tefa) Financing Planning, Tefa Financing Implementation, Tefa Financing Evaluation at SMK Negeri 7 Semarang. This research method uses descriptive-qualitative methods. After the data is obtained and analyzed, the results show that SMK Negeri 7 Semarang uses the budget for the benefit of the school, namely by implementing eight education standards. The final step is for schools together with related parties to carry out a budget evaluation. Tefa management is the main point covering planning, organizing, implementing, and evaluating. Tefa developed is integrated with the production unit for the implementation of student practices. Education financing is the amount of money generated and spent for various educational purposes. There are seven concepts related to Tefa education financing, namely (1) cost objects, (2) cost management information, (3) financing, (4) finance, (5) budget, (6) costs, (7) cost triggers.