Use this expense worksheet to plan your budget for the school year. You can break it down to monthly expenses by creating your own expense worksheet and tracking the actual costs you spend each month to see if you are following your "Estimated Costs" for the year.
|Expense||Estimated Cost||Actual Cost|
|Tuition & Fees|
|Books & Supplies|
Budgeting gives an accurate picture of your current financial position
It will show if money is not being spent according to priorities set by you. Your budget will also highlight where changes in spending habits can be made and where savings can be made. Budgeting helps make your money go further.
The essential purpose of budgeting is to ensure that your basic needs are met and where necessary, be a debt management tool. A budget can be a very effective "STOP SIGN" for impulse spending.
Budgeting can help prevent you from accumulating debts to the point where repayments become difficult to make.
Effective budgeting will help you to live within your means as well as permit you to save and spend money on the things you have prioritized, including fun activities.
Operating on a budget will also help reduce your stress levels during exam times.
Budgeting tips that help keep your finances at your fingertips
Tips to help you manage your finances