Activity: Budgeting

Use this monthly budget template to help get you started.

Once you have your budget

Calculate whether you have a surplus or deficit by subtracting your total expenses from your total resources/income.

If you have a surplus (+)
With your extra funds, you may want to consider creating an emergency fund or opening a savings account.

If you have a deficit (-)
Look at whether you can decrease your expenses and/or increase your resources. You can talk to your advisor to get some tips on how to do this.

Student Awards

Now that you have a monthly budget on paper, you can start completing the budget review worksheet in the Student Awards Portal, then print the budget and as a bonus you are one step closer to applying for student awards.