Budgeting basics

payment with card, machine, tuitionWe believe financial health is an essential part of student well-being. Use our toolkit of resources to plan your finances and stay on track so you can make the most of your UBC student experience.

Budgeting basics

Want to reduce your stress during the school year? Plan ahead.

Use our Student Spending Plan template (xlsx) and budget planning worksheet to create your personalized financial plan for the year. Not sure what your program costs? Check the cost calculator.

Know your credit

Managing debt and maintaining good credit are essential skills. Find out how credit card savvy you are and learn about credit basics by reviewing the Understanding Credit presentation listed below.

Why do you need to know your credit rating?

Your credit score can affect your ability to obtain future credit (such as line of credit, mortgage, or car loan) and may be checked by potential landlords or even some employers.

You can order a free credit report from either of the following Canadian agencies:

Have fun on the cheap

Here are some of our favourite tips from UBC students and staff on cutting costs, saving money, and having fun:

  • Buy used items and save money on everything from textbooks to clothing to furniture. Look for used copies of textbooks at the UBC Bookstore or the UBCSUO Green Text and More Bookstore (UNC 103). Check out local garage/yard sales and advertisements for free or cheap items on websites such as Castanet, Craigslist, or Kijiji.
  • Find local free or cheap events to attend. Look for postings on bulletin boards in the UNC and find events throughout Kelowna and the Okanagan in local papers.
  • Have a clothing swap with friends. Gather clothes that no longer fit or that you haven’t worn in a while and get your friends together for a swap (You can do the same for household items and books).
  • Cut grocery costs by comparing labels (certain brands may cost as much as double the store brand for an almost identical item) and inquire about student discounts and/or customer appreciation days.
  • Get your fruit and veggie fix by buying fresh produce at local farmer’s markets.
  • Track your spending. For a couple of weeks, write down everything you buy. Add up how much you’ve spent and see if you could get better at managing your cash flow. It’s amazing how the little things add up.


Check out these links for more information on financial planning:

Financial advising

Need help? Stop by Student Records & Financial Services to make an appointment to speak with an Advisor.