Module Three
Living on a Shoestring

BS00044A.gif (2779 bytes)
Introduction

Individuals are more successful with money management when they develop good budgeting skills. In this module you will complete annual and multiyear budgets to assist with determining how much money you will need for the length of your post-secondary courses and programs. It is assumed that you have completed basic career planning, have a specific career goal in mind, have a clear understanding of how you spend money, and possess basic arithmetic skills.

Learning Outcomes

Using information gained around spending habits, you will develop a one-year budget as well as a longer-term budget based on the length of the selected educational program.

Learning Objectives

At the conclusion of this module you will be able to:

  • Identify and list all direct and indirect educational costs and living expenses on a monthly and annual basis, as well as over the entire length of a selected educational program.
  • List all existing and continuing sources of income that will be available to you while attending university or college.
  • Determine the amount of money needed beyond these sources.
  • List all living resources that may be available that cost little or no money.
  • Review budget models and focus on the one that is most appropriate for the student.
  • Develop an annual (one year) budget.
  • Develop a full educational budget.

    back   forward

Apply online for your
Canada-B.C. Student Loan
6 to 8 weeks before
you register.

Apply for Interest-free status and
continue your full-time studies
without renewing your student loan.

Apply for UFV Bursaries
online through myUFV.
Applications accepted
every semester.

Find out about UFV Scholarships.
Applications accepted from
March 15 to May 10.

Twitter Facebook Linkedin Flikr UFV on Google+ YouTube goUFV