MGMT100-Section 0NA Workshop 9: Monthly College Budget Tamer Mohamed

Monthly
College Budget
september income: september expenses: september cash flow:

$5,300 $5,085 $215

financial aid room & board

wages (after-tax) tuition & fees

books & supplies
family help
transportation
from savings discretionary
other other expenses

september cash
flow:

CASH FLOW

sep oct nov dec jan feb mar apr may jun jul aug year

SEP Select First Budget Month

SEP
Monthly Cash After Expense SEP OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG YEAR % INC
Cash Flow 215 1,260 1,270 1,280 1,276 1,278 1,765 1,725 1,670 1,660 1,660 1,665 16,724 4.1%
Cumulative Cash Flow 215 1,475 2,745 4,025 5,301 6,579 8,344 10,069 11,739 13,399 15,059 16,724

MONTHLY INCOME SEP OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG YEAR % INC
Financial aid (grants, scholarships, loans) paid to you 1,500 1,500 1,500 1,500 1,500 1,500 1,500 1,500 1,500 1,500 1,500 1,500 18,000 28.3%
After-tax wages from a job 2,000 2,000 2,000 2,000 2,000 2,000 2,500 2,500 2,500 2,500 2,500 2,500 27,000 37.7%
Financial help from family - - - - - - - - - - - - 0 0.0%
Withdrawals from savings - - - - - - - - - - - - 0 0.0%
Other (child support, public assistance, gifts, etc.) 1,800 1,800 1,800 1,800 1,800 1,800 1,800 1,800 1,800 1,800 1,800 1,800 21,600 34.0%
TOTAL INCOME 5,300 5,300 5,300 5,300 5,300 5,300 5,800 5,800 5,800 5,800 5,800 5,800 66,600 100.0%

MONTHLY EXPENSE SEP OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG YEAR % INC
Room & Board 2,295 2,290 2,290 2,280 2,280 2,282 2,295 2,345 2,400 2,410 2,410 2,405 27,982 45.1%
Rent, mortgage, or dorm room 1,650 1,650 1,650 1,650 1,650 1,650 1,650 1,650 1,650 1,650 1,650 1,650 19,800 32.4%
Food (groceries or meal plan) 500 500 500 500 500 500 500 550 600 600 600 600 6,450 9.8%
Utilities (heat, water, electricity) 145 140 140 130 130 132 145 145 150 160 160 155 1,732 2.9%

Tuition & Fees 500 500 500 500 500 500 500 500 500 500 500 500 6,000 9.8%
Tuition you pay 400 400 400 400 400 400 400 400 400 400 400 400 4,800 7.9%
Fees you pay 100 100 100 100 100 100 100 100 100 100 100 100 1,200 2.0%

Books & Supplies 1,050 0 0 0 0 0 0 0 0 0 0 0 1,050 20.6%

Textbooks 450 - - - - - - - - - - - 450 8.8%
School supplies 600 - - - - - - - - - - - 600 11.8%

Transportation 140 150 140 140 144 150 150 140 140 140 140 140 1,714 2.8%
Gas, maintenance 120 130 120 120 124 130 130 120 120 120 120 120 1,474 2.4%
Vehicle payment - - - - - - - - - - - - 0 0.0%
Transit fares - - - - - - - - - - - - 0 0.0%
Travel at holidays 20 20 20 20 20 20 20 20 20 20 20 20 240 0.4%

Discretionary 311 311 311 311 311 301 301 301 301 301 301 301 3,662 6.1%
Savings 100 100 100 100 100 100 100 100 100 100 100 100 1,200 2.0%
Cell phone, Internet, cable 65 65 65 65 65 65 65 65 65 65 65 65 780 1.3%
Donations - - - - - - - - - - - - 0 0.0%
Snacks, dining out 90 90 90 90 90 80 80 80 80 80 80 80 1,010 1.8%
Clothes 45 45 45 45 45 45 45 45 45 45 45 45 540 0.9%
Entertainment (movies, dates, concerts) 11 11 11 11 11 11 11 11 11 11 11 11 132 0.2%

Other Expenses 789 789 789 789 789 789 789 789 789 789 789 789 9,468 15.5%
Insurance (car, health, renter's) 222 222 222 222 222 222 222 222 222 222 222 222 2,664 4.4%
Loan, credit card payment 567 567 567 567 567 567 567 567 567 567 567 567 6,804 11.2%
Other - - - - - - - - - - - - 0 0.0%

TOTAL EXPENSES 5,085 4,040 4,030 4,020 4,024 4,022 4,035 4,075 4,130 4,140 4,140 4,135 49,876 100.0%

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