Budgeting for Off-Campus Living
ODU has partnered with iGrad, a company that specializes in financial literacy to help you
understand budgeting, your student loans, and financial well-being while in college. iGrad
offers free videos on a variety of financial topics and a free assessment of your financial
health. iGrad also has experts you can chat with about any topic related to financial
health. For more information, check out: igrad.com/
If you are living off-campus, it is important that you stick to a written budget so that you
can control spending.
Use this worksheet to create a semester budget. Once you have created a semester
budget, you then determine how much income and expenses you will have each month.
This will help you understand how much you can spend on off-campus housing.
Column A
Fixed Expenses/Income
(usually once per semester)
Column B
Recurring Monthly Income/Expenses
Income
Scholarships/Grants
$_________
Savings $_________
Loans $_________
Other $_________
Subtotal $_________ Income
Paycheck
$_________
Allowance
$_________
Stipend $_________
Other $_________
Subtotal $_________
Expenses
Tuition, Books, Fees
$_________
Meal Plan
$_________
Parking Permit
$_________
Transportation
$_________
Renter's Insurance
$_________
Membership Dues
$_________
Membership Dues
$_________
Other $_________
Subtotal $_________ Expenses
Housing $_________
Utilities $_________
Credit Card Payment $_________
Health Insurance
$_________
Recreation
$_________
Car Payment
$_________
Other $_________
Household Purchases $_________
Subtotal $_________
32 | Off-Campus Living Guide