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Questions & answers

The idea is to divide your income into three categories, spending 50% on needs, 30% on wants, and 20% on savings. Learn more about the 50/30/20 budget rule and if it's right for you.
Sample Budget for a College Student Per MonthPer Academic YearRent/Housing$500$4,500Utilities$200$1,800Cable/Internet$35$315Laundry$0$013 more rows
One of the most common percentage-based budgets is the 50/30/20 rule. The idea is to divide your income into three categories, spending 50% on needs, 30% on wants, and 20% on savings. Learn more about the 50/30/20 budget rule and if it's right for you.
How to create a budget while in college Calculate your net income. List monthly expenses. Organize your expenses into fixed and variable categories. Determine average monthly costs for each expense. Make adjustments.
On average, the cost for college is about $35,720 per year. A full-time community college student spends around $1,760 per year on transportation alone. Students spend roughly $413 per academic year on college course materials.
Here are seven college budgeting tips with insight from financial experts. Track Your Spending. Set Long-Term Financial Goals. Build Credit Into Your Budget. Create an Income Source. Spend Below Your Means. Keep Searching for Scholarships. Set Aside Savings.