A budget is an itemized summary of likely income and expenses for a given period. The goal of budgeting is to cut unnecessary costs, prioritize spending, and plan for the future—no matter the state of your financial health.
How to make a budget
Record all sources of income and expenses that you incur every month. The objective is to calculate the monthly average of your spending and income. The more information you can dig up, the better.
Financial documents to collect:
Bank and/or credit card statements
Bills (electricity, internet, cellphones)
Student loan assessments
Loans, bursaries, grants, scholarship statements
Records of self-employment income
*If your paycheck has tax deductions, use the net income (take-home pay).
There are a lot of activities that you can do off-campus that don’t eat into your wallet: Montreal is a great city to walk – check out Old Montreal, Mount Royal and Ste-Catherine Street, to name a few. All are accessible from Concordia for free and you get the health benefits of walking, too!