Essential Financial Planning for Students: Track and Calculate Your Expenses
By the end of today, complete your worksheet on educational expenses. Follow the outlined steps: calculate all your educational costs, including tuition and fees, and find a suitable living situation. Use formulas in Excel to calculate mortgage payments, insurance, and property taxes. Remember to check car-related expenses but stay focused! Update your progress in the comments. Use the provided college cost calculator to estimate expenses based on your preferred school. Get organized for a successful financial plan!
Essential Financial Planning for Students: Track and Calculate Your Expenses
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Presentation Transcript
Continue Project 1 • By the end of today… • Calculate your educational expenses • Find a place to live • Calculate your mortgage/rent • Calculate your insurance • Calculate your property taxes • Get information on your car but don’t spend all day on that!!! • Update the comments as you go! • You need to have the worksheet completed by the end of class on Tuesday. • All calculations need to done through formulas in Excel
If you have a particular school in mind use this calculator to determine the costs: http://cgi.money.cnn.com/tools/collegecost/collegecost.html College Costs (per year) Source: The College Board Most students receive financial aid. In 2010-11, about $178 billion in financial aid was awarded to undergraduate students. The average amount of aid for a full-time undergraduate student was about $12,455 Source: The College Board