Student budget worksheet

Fill out the expenses section followed by the income section (sources of money for post-secondary school) to see if you have a realistic budget. If your expenses are greater than your income, you can start looking for ways to save.

The Student budget worksheet is also available as a downloadable interactive calculator that does the math for you.

Expenses

One-time expenses

Education expenses ($)
Tuition  
Fees (lab, library, gym) if not included in tuition  
Other course material  
Other  

Living expenses (ongoing expenses)

*To get a yearly $ amount, multiply the monthly amount by the number of months you will have the expense. 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.

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    
Other    
Miscellaneous $ per month $ per year
Cell phone    
Clothing    
Computer    
Entertainment (movies, bars)    
Personal grooming (haircuts)    
Travel    
Other    
Health $ 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  
Other personal savings  
Gifts  
Other  
Total yearly income  
 
  Amount ($)
Total yearly expenses  
Total yearly income  
Difference: