Financial Consumer Agency of Canada
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Financial Consumer Agency of Canada

www.fcac-acfc.gc.ca

 

Student Budget Worksheet

Fill out the expenses section followed by the income (sources of money for post-secondary school) section 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 etc...) 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 $3200 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
 
 
Miscellaneous
$ per month
$ per year
Cell phone
 
 
Clothing
 
 
Computer
 
 
Entertainment (movies, bars etc...)
 
 
Personal grooming (haircuts, etc...)
 
 
Travel
 
 
Other
 
 
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)

 
Amount ($)
Scholarships, grants and bursaries
 
Part-time work (estimate)
 
Registered Education Savings Plan
 
Student loans
 
Other personal savings
 
Other family contributions
 
Gifts
 
Other
 
 
Total yearly income
 
 
 
Amount($)
 
Total yearly expenses
 
 
Total yearly income
 
 
Difference:
 


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Date Modified:
2012-12-05