Student Budget Calculator

A student budget calculator is a free online tool that helps Canadian high school and university students track monthly income and expenses. By entering tuition, rent, groceries, transit, and other costs, you can see how much money you’ll have left each month and plan smarter for the school year.

Canadian students face high tuition and living costs, especially in major cities like Toronto and Vancouver. A budget calculator helps you avoid overspending, prepare for unexpected expenses, and build savings—all while focusing on your studies.

Your budget should include tuition, books, technology, housing, utilities, groceries, dining out, transportation (transit pass, car insurance, gas), phone bill, and personal spending. Adding categories like tutoring support can also help you plan for academic success.

The average monthly student budget in Canada varies by province and lifestyle, but many undergraduates spend between $1,200–$2,500 per month on living expenses in addition to tuition. Using a calculator lets you tailor these estimates to your actual costs.

Yes. By seeing where your money goes, you can identify areas to cut back—like reducing takeout, finding cheaper transit options, or planning for shared housing. Many students use a budget calculator to free up money for savings or essentials like tutoring.

Our calculator is tailored for Canadian students, using categories that reflect real expenses like tuition, rent, and textbooks. It’s quick, mobile-friendly, and designed to support both high school and university students balancing academics and finances.