![]() ![]() Discretionary spending (entertainment, social activities, and travel).Personal care (everything from grocery store items – like shampoo, toothpaste, and laundry detergent – to haircuts).Transportation (anything from bus passes to gas and maintenance for a vehicle to parking passes).Here is an overview of common college student budget categories: Their college student budget will differ dramatically from those created for students who live on campus or off-campus on their own, so following a typical college budget template might not fully suit their situation.īefore your student creates their college budget, they need to consider which categories apply to them. ![]() If your student needs to create a budget for college students but is living at home while they are in school, then their housing and food costs may be covered by their household. However, other costs, like housing, food, and transportation may or may not be a factor for your student. Some factors only apply to your student, so relying on an average college budget as a guide may not be ideal.įor example, nearly every typical college budget needs to address tuition and fees. While many budgets for college students address similar kinds of expenses, each one is unique.
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