Student budget worksheet

From Financial Consumer Agency of Canada

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

Multiply the monthly amount by the number of months you will have the expense to get a year dollar amount. For example, if you're paying $400 a month in rent for 8 months (generally, two school terms) and move home for the other 4 months of the year, you would have spent $3,200 on rent in the year.

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

One-time expenses
Education expenses Amount ($)
Tuition
Fees (lab, library, gym) if not included in tuition
Other course material
Other
Ongoing living expenses
Housing $ per month $ per year
Rent/mortgage payments    
Residence fees    
Groceries/meal plan    
Utilities (hydro, gas, electricity)    
Cable    
Internet    
Food $ per month $ per year
Groceries    
Meal plan    
Take-out/order in    
Other    
Transportation $ per month $ per year
Public transit (sometimes included in tuition)    
Parking    
Gas    
Car insurance    
Car payments    
Maintenance and repairs    
Other    
Miscellaneous $ per month $ per year
Cell phone    
Clothing    
Computer    
Entertainment (movies, bars)    
Personal grooming (haircuts)    
Travel    
Other    
Health (yearly) $ per month $ per year
Medical insurance (if not included in tuition)    
Dental insurance (if not included in tuition)    
Medical/dental procedures    
Prescriptions    
Other    
Total yearly expenses  
Income (sources of money)
Sources Amount ($)
Scholarships, grants and bursaries
Part-time work (estimate)
Registered Education Savings Plan
Student loans
Family contributions
Other personal savings
Gifts
Other
Total yearly income
Amount ($)
Total yearly expenses
Total yearly income
Difference:
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