College Expense Worksheet:


Accurately budgeting for college living expenses can be a difficult task for families. Completing this worksheet will make you aware of the “hidden” expenses that you may not have considered and help families create a budget appropriate for the student’s needs. This worksheet will help you itemize your expenses and prioritize as necessary. Totals are calculated automatically ( fields).


Enter the number of months in your academic year:

Academic Year:
Months

Educational Expenses (per semister basis):

Books: $

Monthly Expenses (by category):

Phone: $
Utility
Cable / Internet: $
Utility
Electricity / Gas: $
Utility
Food / Drink: $
Personal
Entertainment: $
Personal
Laundry: $
Personal
Clothing: $
Personal
Personal products: $
Personal
Car payment: $
Transportation
Car insurance: $
Transportation
Parking: $
Transportation
Gas/oil: $
Transportation
Travel / Vacation: $
Transportation
Health Insurance: $
Health
Gym membership: $
Health

Results:

Keeping costs down while in college is extremely important. Credit cards should only be used in emergency situations to avoid getting into a tough financial situation, which can negatively impact your credit and credit score. Besides cutting costs, consider a part-time job while in-school and during breaks.

For more information on how to manage your finances and to learn about the importance of building good credit, click here.

Subtotals:

Education: $
Utilities: $
Personal: $
Transportation: $
Health: $

Estimated College Expenses for Academic Year (x Months):

Estimated Total: $

 

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