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Budgeting Tools

Budgeting is great a way stay on top of your expenses while in school. Below are some tools you can use to calculate budget that works for you:

Guideline for Creating a Budget

  • Track your expenses for a month so you know exactly where you are spending your money.
  • Evaluate your income vs. expenses.
  • Classify your expenses into wants and needs.
  • Determine if the expenses in the ‘want’ category can be reduced.
  • Create your budget for a week or month and stick to this budget.
  • Write down your short-term and long-term financial goals, so that while you are following your budget you know what goals you are trying to achieve.

Tools

A budget can be as simple as writing down basic monthly income and expense amounts on a piece of paper or creating a detailed worksheet with information for each day of the week.


Useful Links: National Student Loan Data System (NSLDS)  | Studentaid.ed.gov