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What expenses do new college students need to consider after tuition, board, meals and book?

Looking for more budget information on expenses I might not think of upfront.
#collegeexpenses

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Kim’s Answer

Clare,

I would add clothes, shoes, haircuts, cellphone/computer related expenses.


As a much older person, facing retirement, a couple months ago I created a simple expense tracker on spreadsheet, with columns for various things (munchies, entertainment, car operations, car mtc, groceries, sales tax, gifts, tips, etc.) At the end of each day, I enter my expenses. Somehow, just the thought that I will have to write it down seems to curtail my spending. Weird! My only purpose in creating it was to try to get a grasp on where all the nickels and dimes disappeared to! Might be something to consider!


Kim

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Austin’s Answer

Clare,

Based off of your list you seem to have the major expenses accounted for. I would also take into account transportation costs (bus,train,subway,uber/lyft), cleaning supplies, other incidentals, and person social expenses. Often it is the little expenses that sneak up on you and they add up quickly. You don't want to be caught unprepared so budget wisely and expect to spend more than you think and expenses often pop up without warning.


I hope this helps and I wish you the best of luck!!


Best,

Austin

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Daniel A.’s Answer

You definitely have the big expenses covered, and the answers above are helpful.


Depending how far from home you are going and the type of university, consider grocery/cleaning/personal items, social outings, gas/bus tickets/uber, going out to eat, insurance/phone bills, school supplies, a weekly allowance, day trips to nearby towns with friends for the day, or sporting events - if not covered and paid for already. If possible, I would also try to set a little bit aside for emergencies for example, car troubles/fixes, health issues, or any other non reoccurring expenses, etc.


I definitely agree with the answer above, it's really the smaller expenses that creep up on you quick. I think it's great to note of places that give student discounts to help eliminate some small charges, anything helps while you're in school (restaurants, movies, stores, amazon prime etc.) - all you need is your student ID.

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