Off-Campus Housing
Student & Administrative Services Center, Rm. 1033 · (570) 320-8023 or (800) 367-9222
Budget
What can you afford to spend on an apartment? Can you afford to buy or lease that new car? How can you save money for a great vacation next summer? All of these questions have a very simple answer: make a budget. A budget can help you get your monthly expenses under control, plan for future big expenses, or determine how much you can afford to spend on your next apartment.
The following form has been developed to help students work out a semester/monthly budget. It will help you plan and track expenses each semester. Complete the worksheet as thoroughly as possible.
| INCOME (List all income available to you from all sources) | ||||
|---|---|---|---|---|
| One-Time Income: | Monthly Income: | |||
| Scholarship | $_________ | Salary/work wages | $_________ | |
| Grants | $_________ | Allotment (from parents) | $_________ | |
| Monetary gifts received | $_________ | Stipend | $_________ | |
| Personal savings | $_________ | Other | $_________ | |
| Loans | $_________ | Subtotal Monthly Income | $_________ | |
| Other | $_________ | |||
| Subtotal One-Time Income: | $_________ | TOTAL INCOME: | $_________ | |
| EXPENDITURES (List all expenses you expect to have each semester or month) | ||||
| One-Time Expenses Per Semester | ||||
| School Related | Non-School Related | |||
| Tuition | $_________ | Telephone installation | $_________ | |
| Fees | $_________ | Cable installation | $_________ | |
| Books and supplies | $_________ | Renter's Insurance | $_________ | |
| Meal plan | $_________ | Health/medical insurance | $_________ | |
| College parking permit | $_________ | Vehicle insurance | $_________ | |
| Other | $_________ | Furniture | $_________ | |
| Subtotal School: | $_________ | Other | $_________ | |
| Subtotal Non-School: | $_________ | |||
| Travel Related (break periods) | ||||
| Airfare | $_________ | |||
| Train | $_________ | |||
| Hotel | $_________ | |||
| Food | $_________ | |||
| Other | $_________ | |||
| Subtotal Travel | $_________ | TOTAL ONE-TIME EXPENSES | $_________ | |
| Monthly Expenses | ||||
| Housing | Transportation | |||
| Rent | $_________ | Car payment | $_________ | |
| Electric | $_________ | Fuel | $_________ | |
| Gas | $_________ | Vehicle maintenance | $_________ | |
| Telephone local | $_________ | Other | $_________ | |
| Telephone long distance | $_________ | Subtotal Transportation | $_________ | |
| Cable | $_________ | |||
| Furniture rental | $_________ | Recreation | ||
| Newspaper | $_________ | Eating out | $_________ | |
| Other | $_________ | Entertainment | $_________ | |
| Subtotal Housing: | $_________ | Movies | $_________ | |
| Other | $_________ | |||
| Household | Subtotal Recreation: | $_________ | ||
| Food | $_________ | |||
| Toiletries | $_________ | Monetary Commitments | ||
| Laundry | $_________ | Credit card payments | $_________ | |
| Dry cleaning | $_________ | Loan payment | $_________ | |
| Cleaning supplies | $_________ | Membership dues | $_________ | |
| Other | $_________ | Subscriptions | $_________ | |
| Subtotal Household: | $_________ | Gifts (holidays) | $_________ | |
| Gifts (birthdays) | $_________ | |||
| Clothing | Other | $_________ | ||
| School clothes | $_________ | Subtotal Commitments: | $_________ | |
| Work clothes | $_________ | |||
| Other | $_________ | |||
| Subtotal Clothing: | $_________ | TOTAL MONTHLY EXPENSES: | $_________ | |
| Compare your total expenses with your total income. Your income should be greater than your expenses. If that is not the case, try to reduce your expenses and/or increase your income. | ||||
| TOTAL INCOME: | $_________ | TOTAL EXPENSES: | $_________ | |