Use this worksheet to see how much money you spend this month. For income received infrequently, such as bonuses or tax returns, calculate the annual income, then divide by 12 to find the monthly amount. Our budget worksheets are interactive and can be downloaded to excel if you are logged in, your website entries will populate the excel spreadsheet. A successful budget planner helps you decide how to best spend your money while avoiding or reducing debt. An effective budget needs to be put down on paper or via a spreadsheet from a student budget template.
The ohio state university college of dentistry 2014. Budget worksheet incomeexpenses what you currently make or spend adjusted budget amount percentage of net spendable income calculate how much you spend in this category vs. If not, you may want to consider looking for a more budgetfriendly home. Three separate parts should be considered when calculating your monthly budget. Education loans insurance life and health homerenter. Personal budget worksheet becu 659a 042019 please provide the following information to enable us to fully assess your situation. This worksheet should be adapted to your particular financial situation. Use this worksheet to create a budget and assess how youre doing each month. That however does not mean that you should not plan for your expenditure on these foodstuffs. Youll love this collection of budgeting scenarios for high school students, and money management worksheets for students pdfs.
Student budget templates are simple guides that help students to prepare inclusive budgets. To help you track your expenses and build a monthly budget, use the following worksheet for at least two or three consecutive months. The information you provide will be used to compute your household budgeting plan. Monthly budget worksheet in word and pdf formats toggle navigation. To start your budget, complete the monthly budget amount column in the expenses worksheet to the best of your ability for the next month. Monthly budgeting worksheet use this worksheet to determine and track your incomespending plan for each month. Common categories are included in this worksheet just fill in the amount you typically spend in the budget column.
If your monthly budget results in a negative sum, then you should take the time to consider your spending. College student budget worksheet common expenses and. Weekly groceries extras during weeks restaurant mealsweek transportation public transit car other taxi. My monthly budget worksheet sallie mae student loans.
This material has been prepared for informational and educational purposes only. Monthly budget worksheet managing your monthly budget becomes much more important when you move offcampus because you accumulate monthly bills along with new offcampus expenses. It is a detailed breakdown of the allocated expenses for more important things like food, water, electricity, and internet. It is not intended to provide, and should not be relied upon for. Budgeting worksheet for students monthly variable expenses. Print this worksheet and fill out the expenses and income sections to see if you have a realistic budget. His writing has been featured on forbes, the huffington post, yahoo finance, cbn, crosswalk, patheos and others. Use this worksheet to plan all the expenses you expect during university study. Nerdwallet recommends the 503020 budget, which suggests that 50% of your income goes. Rent or mortgage other housing costs property taxes, home insurance, etc. Having a welldefined student budget template is a fundamental solution for better school life. Make a budget use this worksheet to see how much money you spend this month. Teaching students how to budget doesnt have to be a drag, especially if you do it through fun budgeting activities.
Should a certain category not apply to you, you can simply leave it blank or enter a zero 0 in the box. Knowing how to create a budget is a vital step to ensure financial survival of school life. After you estimate your earnings, expenses and savings on the website, you can download the spreadsheet to track your actual monthly expenses. On this budget, make a list of all your forms of incomes including your job, loans, parents, etc. You will need to weigh this up against your expected income to ensure you can afford all your expenses.
Budgeting when done right enables you to plan for your future, pay off debts, and leave you with an ample amount of. Budget worksheet the bottom line monthly net income monthly expenses monthly surplus or deficit created date. Also, use the worksheet to plan for next months budget. Once you have this information, log in to the financial avenue budgeting course at. We encourage you to live as conservatively as possible while you are a student so you can graduate with the lowest possible. Foodhousehold supplies dining out clothes laundrydry cleaning gas, oil, auto maintenance parking medicaldentaleye care entertainment travelvacation utilities cdsbooksjournals personal care subscriptions cable tv and internet credit card payments charitycontributionsgifts. Learning how to budget is a smart and useful practice for you to be able to properly control the amount of money that you spend and not waste it on unnecessary things. Try not to inflate the numbers, but do not underestimate either. Enter your net after taxes income from all sources. Household budgeting worksheet for more information about managing your finances call 8007693571 to speak to a credit counselor today make sure that you include all net or takehome income and expenses as accurately as possible.
Student budget worksheet category monthly yearly income employment parental support scholarships financial aid public assistance other sources income subtotal expenses tuition textbooks college fees housing rentmortgage telephone groceries car payment car insurance gasolinemaintenance. Net salary after taxes and other deductions alimony child support interest dividends pension social security other income total monthly income monthly expenses. Budgeting worksheet suggested household budget monthly income spouse 1 spouse 2 other monies received from a boarder, etc. Student budget templates are best for tracking student expenses such as allowances, school fees, tuition payments, project expenses, and so on. Student budget worksheet use this worksheet to plan all the expenses you expect during university study. Student budget template budgeting worksheet for students. The worksheet will total your numbers at the bottom so you can see if you need to make. Estimate how much your university or college education is going to cost and start planning your student budget. Household budgeting worksheet photocopy this sheet before using it make sure that you include all takehome income and expenses as accurately as possible. A budget is one of the most important tools you can use to manage your money and save. Be sure to include all sources of income you receive, as well as your spouse or. Student budget worksheet study period costs monthly costs monthly resourcesamount rentmortgage net income from work take home heating electricity telephone cell phone property tax other cable, internet, etc pension income cpp, etc.
Setting and following a monthly budget is one of the best financial habits you can develop. Use this worksheet to examine how much income comes into your household on a monthly basis. Use this worksheet to create a budget and assess how youre doing each month compared with your. Planning and monitoring expenditures will help you identify wasteful expenditures, adapt quickly as your financial situation changes and achieve your financial goals. My budget worksheet monthly income after taxes incomesalary from all sources investment income other income savings total monthly income monthly expenses home mortgagerenthoa landscaping laundry gas electricity water home phone total health inc.
Groceries are not likely to stay until end month due to their quick expiry. Budget worksheet please use this space to map out a realistic spending plan, based on your income, expenses and goals. Salary or benefits net income from investments interests and dividends family allowances canada child tax benefit cctb other total irregular or annual income indicate the month. Using the simple weekly budget template word, you should make bulk purchases that last for five to seven days. Check your billing statements and receipts for the most accurate numbers.
It is equally important as a student to understand that budget templates differ from one student to. The lessons included will give teenage learners a way to connect budgeting to their personal wants. This will give you a sense of where you are spending your money and changes you can make to improve your situation, if necessary. Basic monthly budget worksheets everyone should have. This worksheet is provided to help you estimate your monthly budget and manage your financial resources. Budgeting worksheet net income my monthly takehome pay my spousepartners monthly takehome pay canada child tax benefit cctb social assistance child support income other income subtotal spending mandatory budget actual difference home rent mortgage payments property taxes condo fees home insurance hydro telephone cablesatellite internet. Students will understand that having a written financial plan a budget is a necessary part of responsible money management. Their total on this worksheet will be included on student handbook page 103, monthly budget worksheet 1, where theyll subtract taxes and expenses from their gross monthly income to find out if they can afgrade 9, money matters 1.
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