First determine your time frame.
If this your budget for the month? The quarter? Or Semester? Pick a time frame.
Then determine how much money you have to spend.
Consider all the sources of your “income” for that time period:
Job $ Savings $ Family gifts / Support $ Financial Aid (loan, grant, workstudy) $ Other $
*Remember this is your income for the time period you specified (monthly, quarter, semester). We’re going to assume its net income, or money you have to spend after taxes and deductions.
Now you know how much you have to spend so you can complete your budget by filling in your expenses, making sure they do not exceed your income.
Consider your living expenses:
Tuition* Housing Utilities (water, sewer, waste, power) automobile payment Gasoline Car repairs Automobile insurance Food Books/other educational costs Dentist Doctors Prescriptions Supplies Health Insurance Entertainment/recreation Personal expenses Phone/cell Internet Cable TV Bus/public transportation fare Savings Laundry Gifts Other Other Other Unexpected expenses Periodic expenses
On to the next section!