Creating a student budget is extremely important to help students understand their expenses and income while attending college. A budget can help you to keep track of your expenses, analyze your assets and income and set financial goals for yourself. Use this budgeting statement to input your expenses and income for an eight-month school year running from September through April. If your balance is negative, re-examine what you'll spend your money on. Where can you save money? Did you research all possible sources of income? Contact one of the Academic and Financial Planners to help you budget your money for the upcoming academic year.
MONTHLY EXPENSES
Rent/Mortgage
$
Food (plus other grocery store items)
Personal/Health Items/Toiletries
Utilities
Electricity
Telephone
Cable
Internet
Natural Gas
Water
Transportation
Bus Fares
Gasoline
Parking
Family Entertainment
Monthly Debt Payments
Credit Cards
Loans (i.e. car)
Medical/Dental Payments
Other (daycare, child, laundry, clothing, support, alimony, etc.)
TOTAL Monthly Expenses
Total expenses (X 8 months)
ANNUAL EXPENSES
Tuition
Books/Supplies
Insurance
Vehicle
Life
Home/Contents
Other
Taxes
Income
Property
Maintenance/Repair
Computer
Furnishings
Home and Garden
Gifts (i.e. birthdays, gifts)
Travel
Home
Vacation
Other Irregular/Annual Expenses
TOTAL Annual Expenses
TOTAL ANNUAL EXPENSES
MONTHLY INCOME
Employment (part-time, summer job, etc.)
Parental contributions/gifts
Student loans
Scholarships, bursaries, awards
Savings
TOTAL Monthly Income
TOTAL INCOME (x 8 months)
TOTAL eight-month INCOME
minus
TOTAL ANNUAL EXPENSES plus eight-month EXPENSES
TOTAL
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