A rough guide is about $400 a month for a college student, which gives you a bit of money to spend on a few dinners out but cooking mostly at home. When you go to set a budget, you can set it based on what you’re currently spending or try and set it slightly lower so you can start saving money straight away.
What is a good food budget for a college student?
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. While these options are not ultimate, they can serve as a fantastic starting point.
How much should I give my college student per month?
Some families give their students a monthly allowance, ranging from $75–$225, to supplement the student’s own savings. After the first year, especially for students making good money through summer employment, an allowance may no longer be necessary.
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 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.
How much money should a college student have in the bank?
How much should a college student have in savings? Survey Finds 1 in 3 College Students Have At Least $1,000 Saved. Young people aren’t typically known being financial savvy.
What is the average living expenses for a college student?
The total estimated cost of living per year for students, including food, housing, clothing, phone plan, miscellaneous, etc., is around $14,435. 83% of undergraduate college students own at least one credit card. The student loan debt, on average, is $37,584.
How much should a college student spend on groceries a month?
An individual college-aged student will spend approximately $163-$367 monthly according to the Official USDA Food Plans. The USDA website provides different costs for men and women and also provides four levels of estimates: thrifty, low-cost, moderate-cost, and liberal.
How can college students afford groceries?
FIVE WAYS TO AFFORD GROCERIES IN COLLEGE
- Self-Reliance in the Kitchen.
- Make a List with Priorities.
- Don’t Fear the Produce Section.
- Shop the Sales, Clip the Coupons.
- High-Cost Items Are Cheaper in Bulk.