How much should a college student spend on expenses?

On average, the cost for college is about $35,720 per year. A full-time community college student spends around $1,760 per year on transportation alone. Students spend roughly $413 per academic year on college course materials.

What is a reasonable budget for a college student?

While the number is dependent on a range of factors, the average amount of spending money for a college student is $2,000 per year or about $200 per month. When figuring out how much money to set aside and deciding how you and your child should split the cost, here are some guidelines and tips to follow.

How much does the average college student spend on personal expenses?

3. Personal spending outweighs spending on academic needs. An analysis of available data shows that throughout a 4-year degree students spend close to $53,000 on personal expenses. This is around 12% more than the average expenditure on academic needs during the same period.

What is a reasonable food budget for a college student?

Your grocery budget will depend a lot on how much money you have to spend, how much you cook yourself versus eating out and what your tastes are. 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.

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How much should a college student spend per month?

Students in California spend about $2,020 per month or $18,180 annually per nine-month academic year for expenses outside of tuition.

How much money should a college student spend a 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.

What do college students buy the most?

Although this may not seem like much, on a national scale that number adds up: college students have an average combined $417 billion in spending power.

The “Non-Essentials”

  • Restaurants – 99%
  • Beauty – 76%
  • Fashion – 70%
  • Electronics – 60%
  • Live music – 59%
  • Media – 57%
  • Gyms and fitness – 38%

How much money do college students have in their bank account?

Most Students have $51-$500 in their Bank Accounts

399 student responses over 82 schools. The majority of students (23% of respondents) reported having $51-$500 in their bank accounts. This is a very low amount and can definitely be concerning.

What is the best food for college students?

Keep your room stocked with healthy snacks you can grab when you’re hungry, such as:

  • Brown rice cakes.
  • Canned fruit in natural juices.
  • Crackers (whole grain)
  • Energy (or protein) bars.
  • Fresh fruit.
  • Granola bars.
  • High fiber cereal.
  • Nut butters (peanut butter)
Notes for students