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School Year Budget Planner
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By:https://scholartree.ca/
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This is a tool designed to help students financially plan for the upcoming year of post-secondary school and determine if/how much debt they will need to take on to pay for school
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How it works:
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1. Fill out the information below to help populate the other workbook. We have set some defaults but make sure to enter what makes sense for you.
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2. Take a look at the "School Year Summary" tab. It will show you how much school will cost based on current averages for expenses. You can edit these if they are not correct for your situation. We suggest editing them on a monthly basis as it is easier to break expenses into monthly amount than over the full school year. The formulas embedded in the Workbook sum up the monthly values onto the "School Year Summary" sheet
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3. Every month update the current month's tab with your actual expenses tab and check if you are sticking to your budget.
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How Much Money Do you Have?
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Savings $ 1,000
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RESPs/Parent Contribution $ 3,000
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University Scholarship $ 2,000
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Other Scholarships (Psst...Check out ScholarTree.ca) $ 500
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Total $ 6,500
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Tuition
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What is your tuition cost for the year? $ 7,000
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Living Situation
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Are you living in Residence this year?Yes
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If YES to living in residence please entre cost of residence fees for the year. $ 6,500
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If YES to living in residence please entre cost for meal plan for the year. $ 4,000
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Are you paying rent this year? (Select no if living in residence)No
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If YES how much are you paying in rent per month?0
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Income
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On average, income you receive per month. $ 1,000
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