![]() Compare prices on different websites and call local booksellers around Ottawa. Ask them for their book lists in advance so you can shop around. After you’ve completed a course, turn unneeded books into cash by selling them online or posting them on student bulletin boards.ĭon’t be shy about emailing your professors. And if you have friends that are taking the same course as you but during a different term, share the books. If you have friends who’ve taken the same courses you’re planning to take, borrow, rent or buy their textbooks. Also try to keep your books in good shape. You can rent, buy used or order your textbooks online. Our campus bookstore is a great place to start. If you go home between terms, remember to budget for the cost of this travel. ![]() You should also consider travel in this section, including the cost of any airfare, car rentals, gas, hotel or meals while on vacation. Don’t forget about other expenses too, such as pet-related costs (veterinary visits, vaccines, food and accessories), music downloads, movies, sporting events and dining out. ![]() While it’s important to take a break from your studies and enjoy yourself, you should always look for ways to do this at little or no cost. This is an emergency fund to help you in times of need so you won’t have to fall back on credit or loans. Try to have an emergency fund of $500 throughout your studies. Check if any banking fees are withdrawn from your account-as a student, you should be able to find a bank that offers no-fee student products. Include any existing financial obligations like loan payments, credit card payments as well as contributions to your savings plan and premiums for life or disability insurance. While you can’t plan for unforeseen illness or injury, you can at least plan for regular appointments and prescriptions. Keep in mind any fees related to your vision, such as glasses, contacts and eye exams. Health careīe sure to get healthcare coverage if you aren’t covered by either your parent or guardian’s health plan or by the student health plan. If you decide to ride your bike to school, budget $40 per term to lock your bike indoors or pay the one-time $15 (refundable) fee for a security card to access the free bicycle parking facility. ![]() However, if you choose to drive your own vehicle, remember to consider all of the added costs, such as loan or lease payments, regular maintenance and oil changes, insurance, gas and parking. If you’re living on or near campus, you probably won’t need a vehicle. Any other public transportation pass you purchase must be included as an expense. Transportationįull-time uOttawa students residing in Ontario receive a uPass, which provides unlimited access to Ottawa’s public transportation system. It’s very important to put a lot of thought into how much you can reasonably afford to spend on each of these items and learn to distinguish between needs and wants. How much is your rent and will it change? Will you have a roommate or live on your own? Are you living in residence? Are you expected to pay your residence fees by a certain date? What are your plans for food and meals? Should you buy a meal plan? If so, which one? What bills will need to be paid every month (i.e., hydro, gas and electricity, tenant insurance, home or cellular phone service, Internet, television)? How much do you anticipate spending on personal expenses like haircuts and laundry? All of these items are part of living and will reduce your savings. Finally, consider other factors like whether you’ll need a new personal computer or you’ll need to photocopy and print numerous documents on campus. Also take the cost of your books and supplies into consideration and that this will have an impact on your budget at the beginning of each term. Tuition and cost of studyingįind out the amount of tuition fees, incidental fees, ancillary fees and administrative fees that will automatically apply in your program. While you may be able to afford that $5 coffee today, you’ll have much greater demands on your wallet when you’re a university student. You’ll be able to see how your purchases and spending habits change and where you need to watch your spending. Evaluate your expenses by prioritizing and recording them-to help you create a truly honest budget. Starting this before beginning your university studies will help you through the transition to student life. ![]()
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