If you are experiencing financial difficulties and would like to receive free independent financial counselling, you can contact The Financial Counsellors Association of Western Australia on 1800 889 364 (free call) or (+61 8) 9325 1617.
Other resources available:
We also provide a comprehensive budget planning sheet:
Budgeting is estimating what you can afford to spend based on your income.
It is absolutely essential that you work out a budget. A budget will allow you to see where you are spending your money and what you can save in case of emergencies or planned expenses.
You should first begin by making a list of everything you currently spend your money on.You can do it based on your spending each week, fortnight or month. This list should give you an idea of where your dollars go and it may also give you some ideas on where you can save.
To assist you to work out where your money is going, record all your actual expenses every day for four to six weeks. Record what you have received in income for that period and examine any difference between your actual expenditure and your budget. This may help you make any adjustment/s to your budget as appropriate.
FIDO's Budget Planner, produced by the Australian Securities and Investments Commission, provides an excellent online budget calculator which is quite comprehensive for students. The Financial Aid Officer also has a budget planning sheet.
To help with your budgeting, you may need a general idea on the cost of living.
The information provided gives an estimate of the average cost of living for:
All estimates are based on the assumption that you have deferred or have already paid for your University fees. Use of public transport is assumed.
These tables are provided as a guide only. There may well be other costs for you as an individual that have not been included. Students should also refer to the relevant faculty handbook or contact the department direct to ascertain additional study costs.
There are a number of ways to save money in your every day life. They include:
There are also many ways to save on commitments such transport, incidentals and rent.