Let’s go step by step to figure out what the student needs each month.
We’re looking at the “College Expense Estimator” table on the right side of the image. It lists different expenses, how much they cost per month, whether to add them to the total (“Add to Total?”), and some notes.
Our goal is to find the
Total Needed Each Month, which is already shown as $555.00 — but let’s verify that by adding up only the items where “Add to Total?” says “YES”.
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Step 1: Go through each row in the “College Expense Estimator” table and pick only the ones with “YES” under “Add to Total?”.
Here are those rows:
- Food (main meals) → $95.00 → YES
- Food (snacks, coffee, etc.) → $25.00 → YES
- Medical expenses → $50.00 → YES
- Clubs/Organizations → $10.00 → YES
- Entertainment → $50.00 → YES
- Hygiene (deodorant/shampoo/etc.) → $20.00 → YES
- Haircut/manicure/pedicure → $10.00 → YES
- Parking → $15.00 → YES
- Car Payment → $175.00 → YES
- Gas → $50.00 → YES
- Other transportation → $15.00 → YES
- Computer supplies (printer ink/paper) → $10.00 → YES
- Emergency money → $30.00 → YES
Now let’s add these amounts one by one carefully.
Start with:
$95.00
+ $25.00 = $120.00
+ $50.00 = $170.00
+ $10.00 = $180.00
+ $50.00 = $230.00
+ $20.00 = $250.00
+ $10.00 = $260.00
+ $15.00 = $275.00
+ $175.00 = $450.00
+ $50.00 = $500.00
+ $15.00 = $515.00
+ $10.00 = $525.00
+ $30.00 = $555.00
✔
That matches the “Total Needed Each Month” shown at the top:
$555.00
So even though there are many other expenses listed, we only count the ones marked “YES” for inclusion in the monthly total.
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Final Answer:
$555.00
Parent Tip: Review the logic above to help your child master the concept of budgeting worksheet for college students.