College Student Budget Calculator

A simple way to calculate and create your college budget using Excel - by Alex Bejanishvili
Posted in category BUDGETS FAMILY & HOME

The minute when you become a student you begin your first steps as an adult as you become increasingly responsible for many financial aspects of your life. Hence, knowing how to handle money and how to make it last longer is essential for you as a student.

Spreadsheet123's college student budget can come in handy to help you plan ahead and survive college without running out of money too early or getting yourself into unnecessary debt.

A college budget plan can help you to set a strategy to make the most out of your available funds by giving you a tool to plan your monthly spendings, as well as your expenses for semester and the year.

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College Student Budget

for Excel® 2003+ & OpenOffice
College Student Budget Screenshot
Screenshots
1
2
Excel 2003(XP)
File: XLS
Excel 2007 +
File: XLSX
OpenOffice
File: OTS
Template Specifications
Version
1.0.0
Requirements
Microsoft Excel® 2003 or Higher (PC & Mac)
Macros
Not Used
Installation
Not Required
Author
of Spreadsheet123.com
Help & Questions?
Contact Us

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Description

The college student budget, just like any other budget spreadsheet is only good if the information you entered is accurate. To do just that, you will need to, so to speak, shop around and gather as much information as possible prior to creating your budget plan to make it more realistic. Just because word "affordable" has different meanings for everyone in society, you should not rely on one source of information and try obtain information from various sources.

Work out your income and available funds

Before you can create your spending and expenses plan, you should determine your income and all other funding options available to you, which may include income from college savings, grants, scholarships, student loans, part time job or parents. It is essential to base your expenses only on the guaranteed income leaving occasional income such as awards that have yet not been granted aside.

Planning your Expenses

Majority of your college expenses will be known upfront, like accommodation, tuition, textbooks and such. Other expenses may not be so easy to determine. The recommended method as always is to dig up your old bills and base your assumptions on those. Of course this is not the most accurate way to go about this, but at least you can get more realistic image on the subject.

Savings and Credit Cards

Savings a must for every budget and college budget is not an exception. While you are planning your expenses, there surely will be few things that you can survive without, so why not save? Methods of establishing savings can be different, but the idea is always the same, you can always try to search for cheaper alternative or get better deals on various things, such as your cell phone or internet, which can help you to save for rainy day.

As a student, you will obtain your first credit card, which is one of the great financial tools that helps to build up your credit score, yet it can also have a devastating effect on you, if you are not careful or simply do not know how to handle your credit card responsibly.

Savings and Credit Cards

Savings a must for every budget and college budget is not an exception. While you are planning your expenses, there surely will be few things that you can survive without, so why not save? Methods of establishing savings can be different, but the idea is always the same, you can always try to search for cheaper alternative or get better deals on various things, such as your cell phone or internet, which can help you to save for rainy day.

As a student, you will obtain your first credit card, which is one of the great financial tools that helps to build up your credit score, yet it can also have a devastating effect on you, if you are not careful or simply do not know how to handle your credit card responsibly. Try to avoid using your credit card as much as possible, but if it is unavoidable then download this credit card debt pay-off calculator, which will help you to keep an eye on your credit card charges and account balance.

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