Here are a few tips on how best to use this calculator:
- Use it to help plan your spending – it shows you how much you can afford to borrow while you’re in school and how best to repay once you’re out
- Personalize the budget categories to reflect your own expenses so that it more accurately reflects what’s going on in your life
- Keep a daily journal of how you spend your money – write down what you spend in each category and then tally up the columns – it will be very eye-opening
- Keep track of your budget and your journal and, if you find yourself spending too much, make necessary adjustments – now is the time!