Budgeting 101:
Your Money Guide For Getting Through School
Part Two: Budgeting
Expense Worksheets
Fixed Expenses remain the same each month, i.e. rent, loans, car payments, etc.
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Monthly |
Current |
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Residence Payment/Rent
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Extracurricular Activity Fees
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Class Trips and Required Outings
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Car Loans/Lease Payments
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Car Insurance
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Student Loans
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Books
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Total Credit Card Debt |
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Other
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Other
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Other |
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Total |
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Step 3 - Flexible Expenses
Flexible expenses are ones where you control the amount of money you spend. Sometimes
flexible expenses are items you need (like groceries) but you can control how much
you spend on them by choosing less expensive items, shopping at discount stores,
etc. Depending on your circumstances, a few of the items listed below may fall into the Fixed Expenses category.
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Monthly |
Current |
Adjusted to |
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Telephone Bill
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Electric (Hydro)/Gas/Oil/Bill |
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Cable Television Bill
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Groceries
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Household Supplies
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School Supplies
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Clothes
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Dry Cleaning/Laundry
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Savings (5% is your goal)
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Other
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Other
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Total
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Tips:
Smart Spending Techniques, Practices and Recommendations
- • Sell items that are losing value
• Review all insurance coverage for duplication, raised deductibles, etc.
• Take advantage of consignment shops, rebuilt, and used items
• Start doing things yourself and do not pay someone else.
