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Life Skills Budget
Housing and overall plan
For the first two years of college I will be attending UAA University Center, and probably living in a dorm room. Tuition
for me is free.
College Costs
(UAA)
Books: estimated $1,300/year.
Dorms/meals on campus: estimated $8,000/year
Student Fees: $530/year
Total: $9830/year
I fill out scholarships every weekend, so I estimate I'll earn at least $1000 in scholarships by the time I start college.
Work
During my first two college years, I will have a part-time job at Lowe's Hardware at $8.50 an hour, working at least 20 hours
a week. This evens out to about $8160 a year, and after taxes, $5540.
Until I get into the media business full-time, I would also be working part-time at a radio station (channel 4 or channel
13) on weekends for minimum wage, which could even out to about $163 a month, or $1304 a year after taxes.
This, plus Lowes Hardware, evens out to a net total of $6844 a year.
Living Expenses/mo
Food: free (with dorm)
Car: free (given as graduation present)
Gas: $110/month
Misc.: $150/mo
Total: $260/mo
Shared dorm = $900/mo
Shared with 2 roommates = $300/mo
Cell phone charge (no landline) = $35/mo
OVERALL BUDGET PER MONTH
Total Income (after bills) = $570/mo
Total bills & living expenses/mo = $365
The rest earned would be saved in a savings account for extra groceries and/or the future.
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