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Trying To Create a Budget for my last Year in College

Posted on 6/30/14 at 3:14 pm
Posted by RadBro
Member since Aug 2012
969 posts
Posted on 6/30/14 at 3:14 pm
...and I have a few questions for you guys:


1.) How much do you think the average college student spends on food per week?

(Minus Beer...Cause, after all, this is why I'm doing this in the first place--to figure out how much I can spend on beer)

2.) How much do you think I'll spend on gas?

I drive an 03 Sierra (gas gauge doesn't work) and I live on Brightside...Plan on taking the bus to campus everyday, though.

3.) How much should I plan on spending on car insurance?

I cut myself off the nipple last year in hopes of it'd give me a head start on real life. Dumb, I know.

I've interned my past 2 summers at Chevron, so I should be okay coming out (fingers crossed, hiring is a little slow now), just wondering how much I'll be struggling this year.

Appreciate you guys (and gals).

Posted by KosmoCramer
Member since Dec 2007
76476 posts
Posted on 6/30/14 at 3:16 pm to
quote:

How much should I plan on spending on car insurance?


How much are you paying now? Shouldn't be that hard to figure out.
Posted by WG_Dawg
Hoover
Member since Jun 2004
86434 posts
Posted on 6/30/14 at 3:17 pm to
quote:

1.) How much do you think the average college student spends on food per week?


Do you eat at the dining halls? Do you have a meal plan? How disciplined are you eating wise?

quote:

2.) How much do you think I'll spend on gas?


I'm not familiar with campus so idk. Do you drive places on weekends?

quote:

3.) How much should I plan on spending on car insurance?


Depends. Could be anywhere from like $50-$100 a month. Who knows. Depends on the company and your record.
Posted by StealthCalais11
Lurker since 2007
Member since Aug 2011
12447 posts
Posted on 6/30/14 at 3:18 pm to
100 a week between food & gas.
Posted by kingbob
Sorrento, LA
Member since Nov 2010
66997 posts
Posted on 6/30/14 at 3:19 pm to
quote:

and I have a few questions for you guys:


1.) How much do you think the average college student spends on food per week?

(Minus Beer...Cause, after all, this is why I'm doing this in the first place--to figure out how much I can spend on beer)

2.) How much do you think I'll spend on gas?

I drive an 03 Sierra (gas gauge doesn't work) and I live on Brightside...Plan on taking the bus to campus everyday, though.

3.) How much should I plan on spending on car insurance?

I cut myself off the nipple last year in hopes of it'd give me a head start on real life. Dumb, I know.

I've interned my past 2 summers at Chevron, so I should be okay coming out (fingers crossed, hiring is a little slow now), just wondering how much I'll be struggling this year.

Appreciate you guys (and gals).


1. budget about $80 per week for food and other living expenses. Make sure that you don't spend the excess and roll it over for when you need to spend more.

2. Budget $40 per week. You probably won't use that much but have it in the budget anyways.

3. This will be by far your largest expense, possibly more than your food, gas, housing, entertainment money (including hookers, top shelf booze, and blow), and tuition combined.

Prepare your anus for the car insurance. It's a real bitch.
Posted by Sampson
Chicago
Member since Mar 2012
24560 posts
Posted on 6/30/14 at 3:20 pm to
quote:

this is why I'm doing this in the first place--to figure out how much I can spend on beer)

Factoring in lulls during exams/summer with football season being the great equalizer I'd say if you're the average LSU senior looking to go out big, a minimum of $5,000 a semester should be allocated towards fun.

This post was edited on 6/30/14 at 3:21 pm
Posted by RadBro
Member since Aug 2012
969 posts
Posted on 6/30/14 at 3:20 pm to
quote:

Do you eat at the dining halls? Do you have a meal plan? How disciplined are you eating wise?


No Meal Plan. I eat pretty healthy. Try to run/bike 3 times a week.

quote:

Do you drive places on weekends?


Nowhere too far. BR area

No idea what I'm paying now for insurance. No wrecks or tickets on my record.
Posted by biglego
Ask your mom where I been
Member since Nov 2007
76170 posts
Posted on 6/30/14 at 3:23 pm to
You're poor. We own fleets of Porches here on the OT
Posted by LSUChamp06
Kansas City
Member since Nov 2007
2859 posts
Posted on 6/30/14 at 3:23 pm to
quote:

100 a week between food & gas.


This.

As for the insurance? It depends on your record. If clean, about $100 a month.
Posted by OneMoreTime
Florida Gulf Coast Fan
Member since Dec 2008
61834 posts
Posted on 6/30/14 at 3:30 pm to
It really just depends on what/where you eat. You should have a decent idea of what your typical week of eating entails and about how much that costs.

If you're taking the bus to class everyday, and just using your truck to do other shite around BR, you can probably plan for about $30-$40 per week even though you likely won't use that much. Really depends on what your mpg is too.

Can't really comment on the insurance stuff since I don't have much experience there
Posted by Col reb 2011
#38
Member since Apr 2013
1614 posts
Posted on 6/30/14 at 3:33 pm to
My parents gave me 100 a week spending money (gas bars eating out) they also gave me 100 walmart gift card a month for food.. They paid all my bills too though.. It was rough sometimes but it made me realize what was more important beer or toilet paper
Posted by Brageous
Member since Jul 2008
107724 posts
Posted on 6/30/14 at 3:33 pm to
quote:

1.) How much do you think the average college student spends on food per week?



probably close to 100?

without beer of course

quote:

2.) How much do you think I'll spend on gas?



you can probably fill up once a month if you are only driving around campus

quote:

3.) How much should I plan on spending on car insurance?



If you have no accident history, with a 4x4 truck with only liability I'd say close to 12-1400 a year?
Posted by Sampson
Chicago
Member since Mar 2012
24560 posts
Posted on 6/30/14 at 3:34 pm to
How many nights a week do you see yourself going out? On the conservative end.
Posted by RadBro
Member since Aug 2012
969 posts
Posted on 6/30/14 at 3:49 pm to
2 nights a week, I'd say.
Posted by TigerPanzer
Orlando
Member since Sep 2006
9476 posts
Posted on 6/30/14 at 3:50 pm to
quote:

1.) How much do you think the average college student spends on food per week?

Eat a lot of them Ramadan or whatever the frick it is noodles. Go to happy hours where they serve up them greasy little weenies and chips. You're young, you can handle the sodium surges.
Posted by VABuckeye
Naples, FL
Member since Dec 2007
35473 posts
Posted on 6/30/14 at 3:51 pm to
This is your last year and you don't know how much these things cost? You're doing it wrong.
Posted by 777Tiger
Member since Mar 2011
73856 posts
Posted on 6/30/14 at 3:52 pm to
get a job as a bartender, takes care of a big chunk of the booze budget
This post was edited on 6/30/14 at 3:53 pm
Posted by jose canseco
Houston via Houma via BR via NOLA
Member since Jul 2007
5667 posts
Posted on 6/30/14 at 3:54 pm to
Budget $20 a day for everything.
Posted by SouthOfSouth
Baton Rouge
Member since Jun 2008
43456 posts
Posted on 6/30/14 at 3:55 pm to
Totino's pizzas. $1.35 for a meal. Rest of money on beer.
Posted by Sampson
Chicago
Member since Mar 2012
24560 posts
Posted on 6/30/14 at 3:56 pm to
So you will go out roughly 100 nights a semester at around $50 a night. You will need at least 10 large to really party your entire senior year and that's on the conservative end.
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