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.
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
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: