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Now is the perfect time to figure out how to make your money work for you. It might seem like a chore, but it will definitely pay off in the long run.
Get help to learn how to make a budget - and stick to it - with these useful tips and resources.
Setting a budget involves allocating money to spend each month. To do this, you'll have to add up your monthly income and expenses for the entire school year.
See our Student Budget Calculator to get a good head start.
Here are some tips to help you create an accurate budget:
After you've listed your planned expenses, record every penny you spend for 2 weeks by:
Cutting corners is really easy when you know your weaknesses. For example: If you buy a $3 coffee and snack 3 times a week, that's about $300 for the school year. Can you afford to spend that? You won't know unless you do the math.
Here are some useful strategies to keep yourself in check throughout the school year:
Making a budget and sticking to it is the foundation of good financial planning. It helps you stay in control of your finances, no matter how much you have to work with.
Although it takes time and discipline, you'll be thankful when April rolls around and you've managed to make September's money last until your final exam. You just might be able squeeze in a special end-of-year celebration!
See a complete list of products for students.
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