Student Budget Worksheet

From: Financial Consumer Agency of Canada

Print this worksheet and fill out the expenses and income sections to see if you have a realistic budget.

Multiply the monthly amounts by the number of months you'll have the expense to get a yearly amount for each category. For example, if you pay $500 a month in rent for 8 months and move home for the other 4 months of the year, you'll pay $4,000 in rent that year.

If your expenses are greater than your income, start looking for ways to save.

One-time expenses
Education expenses Amount ($)
Tuition  
Fees (lab, library, etc) if not included   
Books  
Computer/laptop/tablet  
Other course material  
Other  
Ongoing living expenses
Housing $ per month $ per year
Rent/mortgage payments    
Residence fees    
Utilities (hydro, gas, electricity, etc)    
Home/tenant insurance    
Other    
Communications $ per month $ per year
Internet    
Cell phone    
Cable    
Other    
Food $ per month $ per year
Groceries    
Meal plan    
Take-out/order in    
Coffee/tea/snacks    
Other    
Transportation $ per month $ per year
Public transit     
Parking    
Gas    
Car payments (loan/lease)    
Car insurance    
Car maintenance and repairs    
Holiday travel (visit family, etc)    
Taxi fare    
Ride services    
Other    
Clothing $ per month $ per year
Clothes    
Shoes    
Accessories    
Other    
Miscellaneous $ per month $ per year
Recreation (sports, gym, etc)    
Entertainment (movies, outings, bars, etc)    
Personal care (haircuts, beauty products)    
Laundry    
Vacation    
Gifts    
House supplies    
Socializing expenses    
Other    
Medical $ per month $ per year
Medical insurance (if not included in tuition)    
Dental insurance (if not included in tuition)    
Medical/dental procedures    
Specialists (chiropractor, physio, etc)    
Eye care    
Prescriptions    
Other    
Savings $ per month $ per year
Emergency fund    
Other savings    
Debt repayment $ per month $ per year
Credit card    
Line of credit    
Personal loan    
Other    
Children $ per month $ per year
Daycare    
Babysitting    
Clothes    
Baby supplies    
Other    
Total yearly expenses  
Income (sources of money)
Sources Amount ($)
Registered Education Savings Plan  
Part-time work   
Tips  
Scholarships, grants and bursaries  
Other personal savings  
Family contributions  
Student loans  
Gifts  
Other  
Total yearly income  
Balance Amount ($)
Total yearly expenses  
Total yearly income  
Difference:  
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