Budgeting Tips for College Students

Tuition, lab fees, text books, note books, laptop, printer, transportation, room and board. The list goes on and on. Whether you received scholarships and grants, student loans, have a part time job, or mom and dad are paying, it is time to think about going on a budget. Even if you have scholarships and grants, chances are some of the money is coming out of your (or your parents) pocket.

If someone is helping finance your education find out what they are expecting to pay for and what they expect you to contribute. Make a list of all anticipated expenses. Many times, the school can supply you with a list, but make sure you also consider things like laundry, toiletries, gas, maintenance, and parking (if you will have a car) or transportation such as bus and train fare. Try to be as complete as possible and don't forget about your social life!



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