If you don’t have a financial plan for your first year of university, now is a good time to start thinking about money management. There are a lot of factors to consider, and you might be surprised at just how quickly your expenses add up.
Costs to consider
As a university student, you’ll be responsible for paying tuition and student fees. If you’re applying for on-campus housing, you’ll also need to include residence fees in your budget and factor in a meal plan on the Okanagan or Vancouver campus. If you plan to live off campus in the Okanagan or Vancouver, you’ll want to set aside money for rent, utilities, and groceries. And don’t forget to budget for clothing, entertainment, and your monthly cell phone bill!
If you still have questions, you can always contact Student Services on the Okanagan campus or your Enrolment Services Advisor on the Vancouver campus. They’ll be more than happy to sit down and help you create a realistic budget for the year.