Budget Template | UNB

Budget template

Successful financial planning is a very important skill.  How you manage your money can determine whether or not you complete your academic year successfully.  You should not be worrying about where your next meal is coming from or how to pay for textbooks/supplies.  Lack of funds can also create a stressful situation, which could be very detrimental to your studies.

Plan your budget

Calculate your costs:

  • write down fixed expenses - tuition, fees, textbooks, rent, heat, power, telephone
  • write down flexible expenses - such as food, clothing, entertainment
  • be realistic

Calculate your resources:

  • savings form summer job 
  • part-time work 
  • scholarships or bursaries  
  • parental/spousal  contribution  
  • government student loan
  • bank loan or line of credit 
  • Canada pension plan (CPP)
  • sponsorship
  • Training skills and development (TSD) funding

Costs minus resources equals your financial position.

If resources do not cover costs, you must devise a means of making up the shortfall by:

  • applying for a government student loan (or appealing for additional assistance if you already have a student loan)
  • applying for part-time work through UNB’s Work-Study Program.
  • applying for UNB special bursary/student abroad bursary/graduate bursary (please review program eligibility requirements).
  • applying for an university loan.
  • applying for assistance from the UNB advance program to cover the costs of textbooks and/or living expenses.

The online budget planner available through the federal government website financial consumer agency of Canada (FCAC) will help you make a good financial plan.

Contact the financial aid office to review financial aid options.