Easing the financial headache for students

How to create a budget, and other money-saving tips.

Philip Rebiere 20 August, 2015 | 5:00PM
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Editor's note: This article is part of Morningstar's August 2015 Focus on Education Savings special report.

Ever-increasing tuition fees vary wildly from province to province in Canada. However, as most students and parents have found, this large-ticket item is just the beginning -- countless other school fees and monthly costs may leave many unprepared.

As a parent, understanding the true cost of education and then providing your university-bound child with tools to navigate through this financial maze will definitely ease the burden. One vital tool is the preparation of a student budget, and if your student is like most, he or she is likely inexperienced in living on a budget.

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About Author

Philip Rebiere

Philip Rebiere  Phil Rebiere, a freelance contributor for Morningstar, is a student in the business-management program at Western University's Richard Ivey School of Business.

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