Off Campus Housing

Budgeting Tips

Monthly Budget Worksheet (PDF, 128Kb)

There is more to living on your own than paying the rent each month.  In addition to rent and security deposits, your financial responsibilities for off-campus living usually involve utility expenses, groceries, laundry, cleaning supplies, and transportation costs.  If you want to share costs with your roommates, organization and communication are very important.

Creating a monthly budget showing your  expected income and expenses is one way to stay on top of your finances.  If you know how much you need to cover essentials like rent, gas, and groceries, you will also know how much money you have left for things like eating out, entertainment, and the like. Below are some specific tips on how to manage spending. You can learn more about saving on the Student Housing Sustainability page.

 

Saving at the Grocery Store

• Make a grocery list in advance to eliminate costly "impulse buying."
• Eat before you shop.  If you are hungry, you will probably end up buying more.
• Try supermarket and generic brands.   These items are often identical to products sold under name brand labels.
• "Convenience" foods cost more, but are often on sale. Look at store ads and stock up on items you know you'll use.
• Buy in large quantities and take advantage of sales.

Other Money Saving Ideas

• Be aware of peer pressure when it comes to spending money on entertainment, etc.  Don't feel bad if you cannot go because you can't afford it.  At the same time, don't hassle somebody when they can't afford to do something.
• Be on the lookout for student discounts and use them while you can.  These are available on buses, at movies or museums, and some stores. Take advantage of UC Items discounts on amusement park and movie tickets.
• Always try to purchase USED books if you can, or ask around and borrow them from somebody who has already taken the class.
• Don't keep a lot of cash on hand - you'll spend it.
• Walk to UCI or ride the OCTA bus for a low-fee.  Not only will you save having to buy a parking permit, but you'll save on gas and maintenance, too.