How much money does an average college student spend?

Woot. =] asked:


How much money does a college student spend per month on clothes, books, food, gas, bills, insurance, etc? Excluding what they actually have to pay to go to college.

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5 Responses to “How much money does an average college student spend?”

  1. idk i gess $3,000 australin $$$

  2. depends on your housing situation and how campus focused your life is and whether or not you have public transport.

    i guess my expenditures were something like

    $500 per semester on books and stuff
    $600 for everything else per month(but i lived on campus, used public transport, and my city was not really exciting so i never really did much off campus)

    for reference, i’m a poor grad student now and i spend: (per month)
    $750 on housing (i have two roomies)
    ~$300 on food
    ~$0-200 on clothing
    max $300 on other things like going out to bars, movies, theater, coffee, etc.

    $3000 Aus? That seems like alot… I live on less than $1500 a month.

  3. This is when you need to do a budget. It will be different for everyone. But here’s the main things people have in a budget, so you can write one up for yourself. If you don’t know the cost of certain things, estimate or ask around.

    Rent
    Electric/gas
    Water
    trash
    phone
    internet
    gas
    car insurance
    renter’s insurance
    car license plate
    groceries
    credit card payment
    fun (but stick to the budget!)

    Figure out how much each of these things is per month. Then take your income, whether it’s from a job or your student loans or whatever, and see how much you need to set aside each month for the essentials (depends on your situation what are the essentials). Then never spend more than what’s left over on fun stuff and non-essential stuff.

  4. Exactly what they earn from working or what Mom and Dad gives them.

  5. depends how many times I visit collegepad.com a month

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