Budget Worksheet
It is important to make a budge when moving off campus. Working through
a budget will help you estimate the cost of living on your own. Below is an
example table to help. Use the table to determine your total income, and
then calculate how much should be spent on each expense.
INCOME SOURCES
FAMILY CONTRIBUTION
SCHOLARSHIPS
EMPLOYMENT
LOANS
FINANCIAL AID
SAVINGS
OTHER
TOTAL
AMOUNT
It can be confusing to manage how much of your total income
should be allocated for the costs associated with living off campus.
The following percentages of your total income represent the
average for commuter students. They are only guidelines and can
be tailored for your needs and priorities.
expenses
education
housing
food
transportation
personal / misc.
entertainment
other
% of total income
amount
70%
14%
6%
5%
3%
1%
1%
The Office of the Student Financial Services is
available to students to provide help in managing
financial obligations. You can view their services at
http://www.rit.edu/fa/sfs
ACEatRIT
[email protected]
thelink.rit.edu