This includes things like annual subscriptions or any quarterly payments/bills, registrations, fees, etc. To find your one number budget you must first calculate how much you spend on non-monthly expenses a year. This approach to budgeting is more flexible allowing increased freedom between variable expenses and only requires you to track one number as your spending guide. Housing: $700 Groceries: $500 Utilities: $50 Car Insurance: $75 Gas: $175 Fitness: $30 Date Night: $30 Donations: $350 Misc/Savings: $150 The One-Number BudgetĪnother budget example that may be easier for college students to follow is the “One-Number” budget. These T-Birds are married and combine their income and expenses. This is an example of a non-traditional student budget. Housing: $600 Groceries:$40 Utilities: $40 Gas: $80 Fun/Treats: $55 Misc/Savings: $40 Married Student Budget Because they aren’t living off of savings this budget varies more month to month, and has greater room for flexibility. This T-Bird has a current job that they work while attending college. Because of this, their budget is smaller and less flexible. 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. Four Real College Student Budgets Freshman Budget Remember, these are loose examples of how a few specific students have chosen to allot their income, your needs as a student and individual will vary. To help, we asked three different T-Birds with varying financial needs to share how they spend their money while in school. And while every student’s budget might look different, it can be beneficial to have a few examples to use as reference or inspiration while creating your own student budget. Especially with all the expenses that come with being a college student. Starting a new budget can seem like a daunting task. What a College Student Budget Actually Looks Like
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