Exceltemplates.org – As a college student, you must be able to manage everything by yourselves, including the budget for daily life during certain period of time (for example: monthly). Particularly for those who must stay away from home and living by themselves. It is not that you cannot ask for money to your parents directly –in fact, money today can be sent through ATM or internet–, but more on how you train yourself to be more independent and able to control your own finance. If you want, you can make use of College Budget Calculator to help you controlling financial things.
Purpose of College Budget Calculator
There are two big part of a College Budget Calculator. The first is the income. Most college students get their income solely from their parents; that’s why parents allowance can be the main source of income in a College Budget Calculator.
Nevertheless, some other students are creative enough to get additional income from their activities outside class. Those other parts of income column can be financial aid, scholarship, part time income, etc. In addition, savings from previous month(s) will also be a good income supply.
Another part of College Budget Calculator is the expense, which can be numerous, based on the students’ lifestyle and activities. Some points in expenditure column may include the books, college fee, medical, meal, room rental, gasoline, groceries, laundry, entertainment, and many more.
How to Use College Budget Calculator Excel Template
College Budget Calculator can be created by simply using Ms Excel worksheet. Just make a table with several columns for different information, such as the number, expense/income description, the amount of each income/outcome details, total, and others necessary. Type all of the information and put the sum up formula at the total box.
By having this College Budget Calculator, students will be able to arrange their expense based on their income, see how much they can go for saving, or what solutions to find if there is an imbalance in the calculator.
Using Microsoft Excel to simplify your spreadsheet tasks is not as difficult as you think. I learned how to use it in less than 24 hours and rely on internet to find the solution if I got stuck. I am not an Excel expert, but here are all useful spreadsheets I have collected and created.