Budgeting: Create a Financial Plan
Knowing the costs of attending university and the funding you have available, will help you stay on top of your finances. Here are some easy steps you can take to develop a financial plan for your education.
1
Know your costs
This includes tuition, books, transportation, living costs, etc.
2
Find what funding is available
Here are some examples of funding opportunities:
- Scholarships and awards
- Government student assistance
- Income from part-time or summer employment
- Family support
- Third-party funding (i.e., band funding, sponsorship)
- External awards
3
Put it all together
Total your costs, then total your funding available. Subtract your costs from the funding available.
Your total costs MINUS total funds available = ??
If the amount is greater than zero, you will need additional financial support to attend University.
If the amount is less than or equal to zero, you will have enough to cover your costs.
Need help?
Email finaid@tru.ca
As well, a number of budgeting tools can be found on the Web; select one of the following links below for further information:
