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- An example budget for a college student depends on various factors, such as location, lifestyle, and financial needs1. However, some possible categories and average costs per year are**23:
- Clothing and personal care: $750-$900
- Furnishings: $300-$1,200
- Entertainment: $1,300
- Electronics: $200-$1,000
- Food/Snacks: $4,500-$7,500
- Gas/car insurance/public transportation: $1,000-$5,000
- Cell phone: $200-$800
- Tuition and fees: Varies by school and financial aid
- Books and supplies: Varies by program and courses
- Rent and utilities: Varies by housing option and location
Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.College Board data shows that students who spend moderately should prepare a 12-month budget of approximately $27,200. An acceptable lower budget would be around $18,220 per year. This number can act as a guideline, but remember that your budget must ultimately reflect your location, your personal lifestyle, and your individual financial needs.
www.bestcolleges.com/resources/budgeting-in-coll…Here are some categories for where college kids are most likely to spend their money and the average cost of their spending per year:
- Clothing and personal care – $750-$900
- Furnishings – $300-$1,200 (includes students living on campus and in their own apartment)
www.kidsmoney.org/college/budgeting/example/Four Real College Student Budgets
- Freshman Budget This budget is an example of a student who isn’t currently working while in school, but worked and saved throughout the summer to have money to live off of during the semester. ...
www.suu.edu/blog/2022/01/college-student-budget.… How To Budget As A College Student [Sample …
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Aug 27, 2024 · This in-depth guide offers essential tips for putting together a college student budget. It covers money-saving strategies and provides a college budget example.
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This student budget worksheet will help you with college budget planning for each semester. It includes many school-related expense categories, so you can get a good realistic start on your budget. A budget is only as good as the …
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Simple Budget Template for College Students (Free PDF)
- This budget template is for college students who want a simple, straightforwardway to manage their cash flow. Pin Financial knowledge and education are crucial components of college success. The 2017 SCFWfound that while many college students reported frequently engaging in positive financial behaviors, nearly 70% are stressed about finances. What’...
- Estimated Reading Time: 5 mins
- Published: Apr 22, 2020
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Nov 11, 2024 · Example college student budget As you map out your budget for college students, it can be helpful to have an example. The first big step is to decide whether you want to budget on an annual or semester basis.
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Jul 8, 2024 · Here’s what the average college student expenses look like and how to track them. They say college is a taste of the real world. It’s also a taste of financial responsibility.
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