1. $$$$$$$$$

2. Budgeting is necessary …

3. BUDGETING YOUR FIRST YEAR HOMERESIDENCEOFF-CAMPUS (RENTING) FANSHAWE $7,730$14,440$14,450 WESTERN $14,765$23,110$22,190

4. LIVING EXPENSES ACCOMMODATION FOOD / MEALS BOOKS AND SUPPLIES PERSONAL EXPENSES TRANSPORTATION ENTERTAINMENT

7. “Adding up the Investment” Fanshawe College, 2014/15 Fanshawe College 2011/12 Home Renting Residence Tuition $3656+ Books and Supplies $1600+ Computer Related Expenses $500 Housing$0$4960$7104 (includes meal plan) Food$640$2080$640 Entertainment (34 weeks, $30 a week) $720 Clothing$600 Misc. (trips home, medical, etc) $560$1320$560 Total$8276$15436$15380 $ 3656 +

8. Fact: spending $2.50 a day on coffee costs you $912.50 a year. Divide your expenses into “wants” and “needs”. You need groceries. You want concert tickets.

9. Where the money comes from. $ Family Savings Bank Loans Gov’t Loans

10. Paying for Your Education Part-time job Education Savings Bursaries (a cash award that is based primarily on financial need, but academic standing may also be considered) Scholarships (academic achievement, volunteer work etc) Websites scholarshipscanada.com studentawards.com Many bursaries and scholarships go “unawarded” as students don’t apply

11. Paying For Your Education Loans (borrowed funds that must be paid back, often with interest) Bank Loans OSAP – Ontario Student Assistance Program http://osap.gov.on.cahttp://osap.gov.on.ca Listen to the announcements regarding financial aid information.

12. Research Your Financial Plan Talk with your family. Visit the guidance office. Listen to morning announcements. Search online scholarships and bursaries. Search post secondary institutions’ websites and financial aid publications. Go to your local bank and discuss options.

13. Plan Ahead

14. Undergrad tuition up five per cent Toronto Star Published on Wednesday September 12, 2012 $27,000: average school- related debt carried by undergraduates finishing school

15. Free Money Grants Bursaries Scholarships

23. Helpful Websites www.canlearn.ca http://osap.gov.ca www.scholarshipsCanada.com www.studentawards.com www.osca.ca

26. Be Smart – Take the Credit Education Credit – You can claim a full-time education amount of $400 for each whole or part month in the year in which you are enrolled in a qualifying education program. Textbook Credit – You are eligible to claim one textbook amount for each month that you are in school. Full-Time = $65 Part-Time = $20

27. USE THE RESOURCES AT YOUR SCHOOL FINANCIAL AID OFFICES COUNSELLORS