So you have your soon-to-be college student all packed and ready to go to school. But now what?! These kids are entering adult-hood, yet still have your influence over the next few years. Don’t just hand them a credit card, give them keys to the car and send them on their way.
College is prime time for young adults to learn how to handle life, more specifically money. Before you send your college student on their way, take some time and work through this College Student Budget Worksheet together.
College Student Budget Worksheet
As best as you can, fill out the worksheet. The expenses might be a bit of an estimate the first semester of school. Staying within the set budget, have your student keep track of all expenses during the semester. Once the semester is over, together re-evaluate each variable category to see where adjustments needs to be made.
Getting your college student on the right track when it comes to budgeting will set them up for success for the rest of their lives.