Budgeting 101:
Your Money Guide For Getting Through School
Part Two: Budgeting
Expense Worksheets
Fixed Expenses remain the same each month, i.e. rent, loans, car payments, etc.
| Monthly Expenses |
Current Payment |
|---|---|
| Dorm Payment/Rent | |
| Extracurricular Activity Fees | |
| Class Trips and Required Outings | |
| Car Loans/Lease Payments | |
| Car Insurance | |
| Student Loans | |
| Books | |
| Medical Insurance | |
| Total Credit Card Debt (from other worksheet) |
|
| Other | |
| Other | |
| Total |
Step 3 - Flexible Expenses
Flexible expenses are ones where you control the amount of money you spend. Sometimes flexible expenses are items you need (like groceries) but you can control how much you spend on them by choosing less expensive items, shopping at discount stores, etc. Depending on your circumstances, a few of the items listed below may fall into the Fixed Expenses category.
| Monthly Expenses |
Current Expenditure |
Adjusted to Balance Income |
|---|---|---|
| Telephone Bill | ||
| Electric/Gas/Oil/Fuel Bills | ||
| Cable Television Bill | ||
| Groceries | ||
| Household Supplies | ||
| School Supplies | ||
| Clothes | ||
| Dry Cleaning/Laundry | ||
| Savings (5% is your goal) | ||
| Other | ||
| Other | ||
| Total |
Tips:
Smart Spending Techniques, Practices and Recommendations
- Sell items that are losing value
- Review all insurance coverage for duplication, raised deductibles, etc.
- Take advantage of consignment shops, rebuilt, and used items
- Start doing things yourself and do not pay for services you can perform.
Get Relief From Debt
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