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BMO Student Budget Calculator

Need a little help figuring out your budget for the school year?

BMO has three easy steps to help you figure out your budget for the school year. The more detailed the information you enter into the calculator is, the more accurate your estimate will be.

How many months will you be in school?

The number of months you will be in school for the year.

tip icon Most post secondary programs are 8 months long however, your program may have a different set up that may include a co-op placement or internship. Be sure to account for that too.

  • 0
  • 6
  • 12

How much money will you have for the school year?

Income from all sources including job, savings, RESP savings, scholarships, loans and parental / family support.

tip icon Make a list of where all your sources of money are coming from and estimate how much you will get from each.

  • $0
  • $50,000
  • $100,000

Savings and Income

Total:

What are your expenses?*

One-time and monthly expenses including tuition, books, rent and utilities

tip icon Your school’s website is a great source of information on tuition, book and residence costs. Keeping a spending journal for one month will help you to determine what your monthly expenses may be.

Fixed Expenses

  • $0
  • $25,000
  • $50,000

Monthly Expenses

  • $0
  • $2,500
  • $5,000

Fixed Expenses

Total:

Monthly Expenses

Total: