Money Management

Making a Budget

Whether you start your academic career and study abroad experience with sufficient financial resources or you are relying on a combination of scholarships and employment opportunities to stay on top of your expenses, you will benefit from maintaining a budget.

To begin with, you may want to get an idea of what your expenses will be during your studies at Memorial University:

Minimum Expense Form lists the tuition fees, administrative charges and estimates other expenses like books and stationery supplies, accommodations, meals, and so on. (Tuition and related fees for undergraduate students, medical students and Marine Institute may be found here.) The estimated cost of living for a single, international student completing a full-time master’s can be found here. Please make separate calculations for accompanying family members.

Once you have a good understanding of how much money you will need to live and study in St. John’s, you may print out this Student Budget Worksheet or copy it into a notebook. If you prefer, you could use this online budget planner instead. Once you have filled out all the expense sections and recorded all your different sources of income, you will get a realistic overview of your financial situation. With this information, you are better equipped to make a spending plan and to manage your cash flow.

For more assistance with making a budget, please check out the “Spending Plans” online course (free course offered by an external agency) to learn how to get the most out of your money and better meet your needs and goals.


Internationalization Office

230 Elizabeth Ave, St. John's, NL, CANADA, A1B 3X9

Postal Address: P.O. Box 4200, St. John's, NL, CANADA, A1C 5S7

Tel: (709) 864-8000