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![]() ![]() In the boxes provided under the Amount column, write in the monthly cost of your fixed expenses. Remember, fixed expenses are costs that stay the same, so little to no calculation should be needed. "It's a simple concept for college students," Hartsfield says. The next step is to calculate and write down the cost of your fixed expenses. And when you need money for a night out, you can take cash or use a debit card tied to the account with your variable money. That way you won't deplete the money you need for must-pay bills like your rent or car insurance. Reid Hartsfield, a financial planner in Jacksonville, Fla. It's helpful to separate your money into two accounts, one for variable expenses and another account for fixed expenses, says F. The Department of Education's federal student aid office offers a number of resources on budgeting for college students. ![]() It can even send an alert when a budgeted category is close to exceeding its limit, says Mullins. It syncs with your bank account and automatically buckets your spending into different categories that you set up. Mint is one of the most popular and comprehensive budgeting apps, he says. Breakdown of a monthly budget for college students. ![]() "It's never been easier to track your spending and create budgets that will keep your spending in check," says Mullins. Once you prioritize your spending, use online tools or apps to make budgeting simple. Wants: concert tickets, your second soy latte of the day, beer, and that spring break plane ticket. Needs are staples like clothing, housing, school gear, food, and transportation. Saulino’s Social Studies course, then you’ll be completing a project called Personal Finance Webquest. A student budget can be created with the use of a spreadsheet program, otherwise known as Excel, as shown on the college student budget samples of this website. Saulino’s Personal Finance Webquest Project. Now comes the hard part: Categorizing your spending into two buckets, needs vs. Psst: Want more Don’t forget to check out these budget project for middle school students, and budget projects for high school students. Look at your debit card, bank account, and credit cards over the last few months to see where your money is going and what big-ticket items popped up. Once you see what you've been spending money on, you may be surprised at how much is on nonessentials. To make the college budget template work for you, you’ll need to know your various income sources, as well as any expenses that you’ll have. Next, figure out what you spend in a typical month. The College Student Budget Printable Sheet. It's likely to be "lumpy." You may have a chunk from savings or refunds from financial aid (that's money left over after loans, scholarships, and grants are applied to your tuition, room and board, and fees) at the start of the semester, and some regular income from your parents or a job. A college student budget should look at all sources of income as well as all expenses. First, tally up the money you expect to have for the semester. People who budget typically do it monthly, but it makes more sense for students to build a spending plan around each academic period. ![]()
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