College Budget Worksheet Template (Page 2 of 2) in pdf

College Budget Worksheet Template Page 2

Subtract your monthly fixed expenses $___________ from your monthly income

$__________ to get the amount that is left for your variable expenses

$__________

Variable Expenses

Divide the amount from above into the following categories. You may have to

make a few hard decisions to stretch the dollars. Does your student need a

$100 allowance for groceries if he or she has an unlimited meal plan?. Keep in

mind that this area is flexible.

Laundry

$_________________

Groceries

$_________________

Entertainment

$_________________

(includes dining out)

Gas and car maintenance

$_________________

Other living expenses

$_________________

(clothing, room decorations, etc.)

Total per month

$_________________

The total of fixed and variable expenses should now be equal to—or, in the

best-case scenario—less than income. If it’s not, go back over everything with a

fine-tooth comb and figure out where she can either cut back or bring in more

money.

College Budget Worksheet Template Page 2