In the present paper the focus is on structural aspects of everyday competence and its relationship with various personal resources, such as health, social status, self concept and cognition. The findings support the hypothesis that two distinct, albeit intercorrelated, components of everyday competence are differentially related to the various resources examined in this paper. The two components are a basic level of competence (BaCo) which is defined mainly by self-care related activities, and an expanded level of competence (ExCo) associated mostly with leisure and social activities and advanced instrumental activities of daily living. In general, BaCo is more strongly related to health-related resources, and ExCo is more strongly associated with behavioural, psychological and social resources. 90.6% of the reliable variance in ExCo and 82.4% in BaCo are explained by these selected resources. Furthermore, all of the age-related variance in everyday competence is accounted for by these health-related and socio-behavioural resources.