Saturday, April 2, 2011

Budgeting


date: 15/3/11
Here is a sample budget:
yearly Budget for a student

Memberships can include Student Union and club fees.

item
cost
groceries
$7,500
rent*
$10,778
Tuition ^
$20,000
household bills
$2,406
clothes
$600
Overseas Health Cover
$400
books
$1,200
stationery
$300
entertainment
$500
health
$300
beauty
$200
shoes
$100
transport
$1,315.20
memberships
$150
mobile phone bill
$360
internet
$600
meals outside of the house
$800


income from work#
$19,800
income from parents
$6,000
presents
$5,000
money I brought to Australia
$36,000
total income
$66,800
total expenses
$47,509.20
money I would have left at the end of the year
$19,290.80

  • Rent is a variable cost. The price includes the setting up accommodation fees. These are things like crockery, utensils, furniture etc.
  • # Income from work is a variable cost. This is based upon what most students earn in a year from working in a small café. Part time jobs are hard to find in Australia. Don’t rely solely on income from part time jobs.
  • ^ - this is just a guide only. The cost of tuition varies. Check your program guide for more details.

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