Budgeting

The idea behind this page is to get you thinking about the money that comes into your home, that which goes out and to see which is greater than the other.

Firstly you estimate the total amount of your expenses for the year (or for any given period you choose), then you closely consider the total income you bring home. If your expenses outweigh your income then you need to reconsider your spending, your income or both. You may need to work out which expenses are not absolutely necessary.

If you think you will need help working out your realistic budget please make an appointment to see the Student Financial Advisor at Community Services on your campus.

As a guide Monash Residential Services with the assistance of the Student Financial Advisor from Health Wellbeing and Development at Clayton Campus has provided you with a budget expenditure sheet to help you work out your expenses. If you wish to print off a copy of this expenditure sheet, please click here (PDF 72 kb).