Coping with limited resources is a common problem faced by students. While you can never predict some expenses - such as for unexpected medical treatment or car repairs - preparing a budget will help you to plan for your regular and ongoing expenses. It can also allow you to save for unexpected items and large bills by setting up an emergency fund. Bottom line is your budget needs to work for you. If it doesn't take into account your actual needs it will not be a useful tool in balancing your income with your expenses.

The Australian government website has a detailed budget planner. Download and complete the budget planner to see just where your money goes, and find where you can save.

Our welfare officers can also help you create a budget. We also hold regular Money Smart @ Uni workshops.