• Follow us on Twitter
  • Join our Facebook Group

University Survival

  • Student Success Skills
    • Picking a College
    • Financing Your Education
    • Choosing a Major
    • Preparing for College
    • Managing the Personal Side of the Transition to College
    • Developing Discipline to Do Well
    • Managing the Social Side of College
    • Being an Efficient Learner
    • Taking Tests
    • Ensuring You Receive The Grade You Want
    • Managing Group Projects
    • Becoming a Campus Leader
    • Student Athletes
    • Navigating College Practices
    • Succeeding on Internships and Co-ops
    • Making Critical Decisions
    • Overcoming Challenges for Specific Types of Students
    • Setting Goals
    • Being an International Student In The United States
    • Using Resources
    • Communication Skills for College Graduates
    • Building a Professional Network
    • Using LinkedIn to Develop Your Network
    • Preparing for a Career
    • Understanding Job Protocols
    • Developing Essential Career Skills
    • Becoming a Leader
    • Overcoming Career Challenges
    • Planning for your Financial Future
  • Parent Connections
    • Parent Topics
      • Being a Supportive Parent
      • Making Critical Decisions
      • Financing Your Student’s Education
    • Parent Emails
  • Teacher Resources
  • Resources
  • Community
  • About
You are here: Student Success Skills » Financing Your Education » Developing a Realistic Budget

Student Success Skills

Developing a Realistic Budget

by jack
July 13, 2012

College is an expensive proposition. Once your tuition, fees, and books are paid for, there may not be much left for the other expenses you will have. Most college students need to live on a strict budget.

Exhibit one shows some items you might need to budget for. It doesn’t include tuition, fees, and books. The expenses listed are more of the daily items you need to budget for.

One good way to develop a budget is to keep track of what you pay for on your computer. You can find apps to help you develop your budget and keep track of your expenses.

As with much of college, living with your budget requires discipline and planning ahead.



Exhibit One

Budget Items

  • Rent – This could be a dorm expense or an apartment
  • Food- this could be a meal plan or the cost of groceries if you fix your own meals
  • Fast Food/ Restaurant Expenses – meals you buy
  • Utilities – money you pay for water, electricity, gas, and sewage.
  • Automobile expenses – includes parking, gasoline, insurance, car payment, and maintenance
  • Telephone – your cell phone costs
  • Socializing – cost for going out
  • Athletics – costs related to athletic events (e.g. tickets)
  • Entertainment – costs for concerts, plays, or other like events
  • Computer – includes upgrades, repair
  • Healthcare – this could include doctor’s visits and prescriptions
  • Other expenses

.

← Keeping Your Scholarships
Making the Decision to Transfer Colleges or Change Majors →

Suggest a Topic

Looking for a topic and can't find it? Why not submit one...

Suggest a Topic

Share This

Rate This Topic

1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)
Loading...

Testimonials

  • This semester I have made a number of improvements that have helped me in class. In my opinion, the biggest improvement I made was going to class more often. This has obviously helped in the classes I’m taking. Another improvement I’ve made is my note taking skills. I take more thorough notes than I did before and that has led to me understanding things much better. This semester I’ve kept track of my time way better. Using a wall calendar helped this cause tremendously while setting multiple alarms helped as well. Another improvement would be using my time between classes for better purposes. This helped give me time to study for tests and get a head start on homework. These are just a few of the improvements that have helped me this semester..

Sign Up For Student Emails

Enter your email below to get weekly student emails.

  • This field is for validation purposes and should be left unchanged.

Suggest a Topic

Looking for a topic and can't find it? Why not submit one...

Suggest a Topic

Share This

Sign Up For Parent Emails

Enter your email below to get weekly parent emails.

  • This field is for validation purposes and should be left unchanged.

Suggest a Topic

Looking for a topic and can't find it? Why not submit one...

Suggest a Topic
© Copyright - University Survival