

Be sure to Cash in on $ tips that will help you live for less. If it is not working, it is okay to make adjustments as needed. We know sometimes this is easier said than done. Once you have a plan, it is important to use it. If you are in year one, you can add estimated amounts in the tabs for subsequent years, and consult the final tab, Budget and Debt Overview, where the sheet has been set up to calculate your total educational and living expenses. The Toolkit is set up so that you can enter your expenses by academic year.Depending on how long you will be studying, you can use the Frugal Scholar Toolkit to calculate your Education Expenses, Living Expenses and Resources over the span of your studies. This will help you figure out how much money you will need to finance your entire degree. You are going to be at McGill for more than one year, so you will need an overall budget plan, too. You will find this information on the Budget and Debt Overview tab.


Now that you have thought about the cost of studying at McGill, living in Montreal and have a good idea of what percentage of your income should be set aside for each living expense, you are ready to create a budget! Visit our Budgeting 101 webinar to help get you started.
