Budgeting tips and tricks

Planning to pursue postsecondary education is a big decision and should not be taken lightly. A postsecondary education is an investment and should be treated as such.

Saving and budgeting for college and university is necessary to successfully complete your education. Learn how to make a budget, and stick to it!

Thrifty Thursdays

Financial Aid and Awards presents Thrifty Thursdays, a series of workshops to help you stay on track financially.

Upcoming workshops

Winter term

Workshops being planned for the winter term include:

  • You’re accepted: How to finance your program (for new students)
    Thursday, Jan. 26, 2023 from 12:30 to 1:30 p.m. 
  • You’re graduating: How to plan for OSAP repayment (for current students)
    Thursday, Feb. 23, 2023 from 12:30 to 1:30 p.m. 
  • Tax time: How to get and maximize your tax slips (for current students)
    Date to be determined

Check back soon for more information!

Past workshops

Budgeting basics: How to manage money during school

Money troubles: How to manage debt and financial stress

Thanks to all those who attended our first two workshops, Budgeting basics: How to manage money during school and Money troubles: How to manage debt and financial stress. If you missed it and want a copy of the information, please email Financial Aid and Awards.

My Budget

Check out the My Budget tool, located on the student portal under Money. With a budget in place, you will be able to effectively manage your money, save for expenses and prepare for emergencies.

The budget template includes educational expenses, housing, food, transportation, miscellaneous costs and health insurance, as well as sources of income from scholarships, grants, bursaries, RESP, loans, OSAP and work. The template is intuitive and easy to understand.

Budgeting – the foundation of sound financial planning

  • Review your budget monthly
    • Are you on target?
  • When you subtract your expenses from your incoming money, does it balance?
  • What extra expenses can you reduce if necessary?
  • Plan for the future
    • Try to save money as often as possible, even if it is only $5 at a time
  • Keep organized records of all your financial affairs (receipts, etc.)
  • Maintain a good credit standing
  • Even in emergencies, limit credit card use and available credit
  • Explore part-time jobs at the college

What should I do to prepare for the cost of my education?

Saving for your education is the key to success. How you fund your education is a decision that needs to be made early on.

If you are applying for a private student line of credit at a bank or financial institution, different rules and procedures may apply, so check with your bank or financial institution’s procedures and deadlines.

The more money you save for your education, the less debt you’ll face after graduation – it’s wise not to expect full funding of your education from another source since it’s not always available.

Contact us

Financial Aid and Awards provides a centralized service located at the Barrie Campus within the Office of the Registrar.

Please note, all Financial Aid and Awards services are available between 8.30 a.m. and 4:30 p.m., both in person and remotely.

Phone: 705.722.1530
Fax: 705.722.5136

Hours: Monday to Friday, 8:30 a.m. to 4:30 p.m.