• Understand how much money you have going out. Expected expenses include tuition, housing and food. But don’t forget about unexpected costs like equipment, books, supplies and personal expenses, which will vary from month to month.

The following image provides a sample breakdown of college expenses.

Expected costs include tuition, school fees, and room and board. Unexpected costs include equipment, books, school supplies, transportation and other personal expenses.

Tip: Consider opening an account with a bank or credit union that has convenient locations near your campus, and if you can, start an emergency fund in a savings account.

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