How much should a college student spend?

On average, the cost for college is about $35,720 per year. A full-time community college student spends around $1,760 per year on transportation alone. Students spend roughly $413 per academic year on college course materials.

How much should I spend a month as a college student?

While the number is dependent on a range of factors, the average amount of spending money for a college student is $2,000 per year or about $200 per month. When figuring out how much money to set aside and deciding how you and your child should split the cost, here are some guidelines and tips to follow.

How much should a college student spend per week?

The consensus among the hundreds of parents who did send their college students spending money was that the range should be between $25-$75 a week for a student living on campus. The most common answer was $50 a week or $200 a month. Students who had cars on campus needed more than those who didn’t.

How much spending money should a college student have?

Since many college students work and earn an average of $195 per week or $10,000 if working part-time year-round, they should not need any help with “spending money.”

Sample Budget.

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Budget Category
Food (assuming that most meals are eaten on campus) $3,500- $7,500
Gas/Car Insurance $1,000-$5,000
Cell Phone $150-$800

How much should college students spend on groceries?

According to the USDA website, a typical college student will usually spend between $163 and $367 a month on food. This particular website avails different costs based on gender, as well as four distinct meal-plan estimate levels.

How much should a 20 year old have saved?

The general rule of thumb is that you should save 20% of your salary for retirement, emergencies, and long-term goals. By age 21, assuming you have worked full time earning the median salary for the equivalent of a year, you should have saved a little more than $6,000.

How often do college students eat out?

On average, college students eat at fast-food restaurants 1 to 3 times per week.

How much can a student live on per week?

The average student’s living costs are about £810 a month (or £187 a week), with our findings revealing that the Maintenance Loan often falls far short of covering students’ living expenses.

How much pocket money should a college student get?

Following a survey that said 75% of Indian parents approved pocket money for their kids, college students in the city reveal their monthly allowance ranges from Rs 15,000 to Rs 30,000.

Should I make my child pay for college?

You should only pay for your child’s college education if you can afford it. Parents, you may want to pay for your child’s college education, but it’s only a good idea if you can afford it.

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How can college students afford groceries?

FIVE WAYS TO AFFORD GROCERIES IN COLLEGE

  1. Self-Reliance in the Kitchen.
  2. Make a List with Priorities.
  3. Don’t Fear the Produce Section.
  4. Shop the Sales, Clip the Coupons.
  5. High-Cost Items Are Cheaper in Bulk.