Budgeting for students

Shakespeare’s advice “neither a borrower or a lender be", might have worked in the 1600s, but in Canada today, you need to borrow, and budget, to graduate with a grip on your finances

Ruth Saldanha 29 August, 2019 | 1:15AM

Student with books

This week, thousands of students all over Canada, are heading off to school again. Several are first time college or university students – and many are also leaving home for the first time. They probably have a bunch of things on their minds – classes, friends, homesickness – and money.

School costs money – quite a bit of it. Students who are living independently for the first time this year will need to deal with things they might not have had to in the past, including housing, food, rent and entertainment, apart from studying. And for many, there is the worry of rising student debt, which could lead to financial worries later in life.

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Ruth Saldanha

Ruth Saldanha  Ruth Saldanha is Senior Editor at Morningstar.ca