A FinaNcial PlaN

FOR Grads of 20____

FILL IN THE BLANKS. SAVE A COPY TITLED “FINANCIAL PLAN AND YOUR NAME”

EMAIL COMPLETED ASSIGNMENT TO

Financial Planning, for your first year after graduating from Gladstone. Be as accurate as possible! Use the provided form or any budget form of your choice (UBC, SFU, VanCity, Scotia Bank...)

For my first year after leaving Gladstone I ______

(Name) (Student number)


plan to...______

______

The following represents my expected expenses from July 1st, 20____ to June 30th, 20____

Automobile UPKEEP (only if applies)

Monthly Amounts / X12 = Yearly / Parent/Guardian / You / Other
Insurance
Gas/oil
Repairs/ Parking
Car payments
Total Expenses :

FIXED EXPENSES MONTHLY

Who’s responsible for the cost?
Monthly Amounts / X 12 = Yearly / Parent/Guardian / You / Other
Rent/ Housing($300+/month)
Cable TV programs
Internet
Other:
Total Fixed Expenses

VARIABLE EXPENSEs

Monthly Amounts / X 12 = Yearly / Parent/ Guardian / You / Other
Transportation (Adult pass $80 per month, Upass $32 per month included w/ tuition)
Clothing
Dining Out
(school lunches, coffee…etc)
Other expenses…
Groceries/Food
(at least $200 plus per month)
Personal Care Items
Gifts/Donations
Travel/Vacation Funds
Medical/ Prescriptions/Dental
Entertainment (movies, concert)
Haircuts
Eye Glasses/ Contact Supplies
Recreation/Fees/ Memberships
Computer/ Technology Upgrade
Cell Phone
Hobbies/Sports
Tuition Fees
(e.g. $500 per course-$8000 per year)
(check with school/institution)
Books/Supplies
(e.g. $500-$1000 per year)
(check with school/institution)
Other expenses
Total of all Expenses:
/ (D1) / (D2)

Income

Savings as of today Date: $______Family Contributions $______
Savings by June 30/20____ $______Scholarships $______
Summer Savings by Sept 1/20____ $______RESP: Registered $______
Projected savings full/part time work Educational Savings Plan
Sept –June 30,20____ $______ Other: $______
A: Your Total Savings $ = ______B: Total Contributions $ = ______
C: Total Projected Funds Available(A+B)=_______
Total Funds Available (C) $______
Minus Total Expenses (D1) Minus Parental $______(D2) Your Expenses $______
Your projected financial situation Total: $ ______(negative or positive?)