Managing money can be especially difficult for students on a tight budget, so the Financial Aid Office has put together a few ideas to help make it easier. On this page you'll find a Quarterly Budget Worksheet and Tips for Stretching Your Dollars. If it seems like you spend more time worrying about money than you do studying, take time out to examine your budget and develop a plan that works for you.
To help you with budgeting and financial advice, MCC has partnered with the online web site Cash Course. This online resource provides very user-friendly tools to help you make good choices about your money.
Entering college is the perfect time to develop healthy financial habits, and it all starts with creating and adhering to a budget.
Develop your own personal budget to avoid the stress and inconvenience brought on by money problems. Use the Budget Worksheet included on this Web Page to plan your spending ahead of time.
|QUARTERLY BUDGET WORKSHEET
|List your expected expenses. Consult your checkbook record for amounts you spend for
fixed expenses (registration fees, rent, utilities) and flexible expenses (books/supplies,
|Utilities (Gas, Electric, Telephone)|
|Sub-Total FIXED EXPENSES||$||$||$||$|
|Sub-Total FLEXIBLE EXPENSES||$||$||$||$|
|TOTAL ALL EXPENSES (Fixed + Flexible)||$||$||$||$|
|List your expected income (include financial aid, earnings, savings, VA benefits,
|Savings (for education)|
|Other (Social Security, VA, etc.)|
|(Minus) TOTAL EXPENSES||$||$||$||$|
|Subtract your total expenses from your total income. If your income exceeds your expenses, you have a budget plan to follow. If not, you may need to reduce your expenses.|
Prior to accepting student loans, it’s important to understand the benefits and the consequences of assuming student loan debt, as well as, understand your responsibilities as the borrower.