Money Matters
Preparing a Budget
Print this page and fill it out to calculate how much it will cost you to go to school for one year.
| Annual / Irregular Expenses |
| Education |
| Tuition |
$ |
| Books/Supplies |
$ |
Clothing & Laundry Costs
(annual amount for each family member) |
1. $ |
| 2. $ |
| 3. $ |
| 4. $ |
| Insurance |
| Vehicle |
$ |
| Life |
$ |
| Home/Contents |
$ |
| Other |
$ |
| Taxes |
| Income |
$ |
| Property |
$ |
| Maintenance/Repair |
| Vehicle |
$ |
| Computer |
$ |
| Furnishings |
$ |
| Home & Garden |
$ |
Gifts
(i.e. birthdays, Christmas) |
$ |
| Travel |
| Trips Home |
$ |
| Vacation |
$ |
| Other |
$ |
| Other Irregular/Annual Expenses |
$ |
| TOTAL ANNUAL/IRREGULAR EXPENSES |
$ |
|
|
| Monthly Expenses |
| Rent/Mortgage |
$ |
| Food (plus other grocery store items) |
$ |
| Personal/Health Items/Toiletries |
$ |
| Utilities |
| Electricity |
$ |
| Telephone |
$ |
| Cable |
$ |
| Internet |
$ |
| Natural Gas |
$ |
| Water |
$ |
| Transportation |
| Bus Fares |
$ |
| Gasoline |
$ |
| Parking |
$ |
| Family Entertainment |
$ |
| Monthly debt payments |
| Credit cards |
$ |
| Loans (i.e. car) |
$ |
| Medical/Dental Expenses |
$ |
| Other (daycare, child support, alimony, etc.) |
$ |
| TOTAL EXPENSES FOR ONE MONTH |
$ |
TOTAL OF MONTHLY EXPENSES
(Monthly Expenses x 12 months/year) |
$ |
| Total of All Expenses |
| TOTAL OF MONTHLY EXPENSES |
$ |
| TOTAL ANNUAL/IRREGULAR EXPENSES |
+ $ |
| |
|
| TOTAL ANNUAL EXPENSES |
$ |
|
|
| Monthly Income |
Employment
(part-time, summer job, etc.) |
$ |
| Parental contributions/gifts |
$ |
| Student loans |
$ |
| Scholarships, bursaries, awards |
$ |
| Savings |
$ |
| Other |
$ |
| TOTAL MONTHLY INCOME |
$ |
| TOTAL ANNUAL INCOME (Monthly Income x 12 months/year) |
$ |
|
|
| Budget Summary |
| TOTAL ANNUAL INCOME |
$ |
| minus |
|
| TOTAL ANNUAL EXPENSES |
$ |
| |
|
| BALANCE |
$ |
|
If your balance is negative, re-examine what you'll spend your money on. Where can you save money? Did you research all possible sources of income?