Total Monthly Needed: $555.00

Expenses Breakdown

Included in Budget ($555 Total)

• Food (Main Meals): $95
• Food (Snacks, Coffee, etc.): $25
• Medical Expenses (Asthma Prescription): $50
• Clubs/Organizations (Breakfast Club): $10
• Entertainment (Music Downloads, Events, etc.): $50
• Hygiene (Deodorant, Shampoo, etc.): $20
• Haircuts/Manicures (Beauty School): $10
• Parking: $15
• Car Payment: $175
• Gas: $50 (Bus used most of the time)
• Other Transportation (Bus Pass): $15
• Computer Supplies (Printer Ink/Paper): $10
• Emergency Money: $30

Excluded from Budget (Parents Cover or Not Needed)

• Laundry: $25 (Take to Mom's)
• Health Insurance: $0 (On Mom's plan)
• Clothes: $60 (Request Mom to buy)
• Car Insurance: $0 (Mom covers)
• Cell Phone: $20 (Request Mom to pay)
• Cable: $50 (Request Dad to pay)
• Internet Service: $0 (Included in dorm cost)
• Utilities (Electricity/Natural Gas): $0 (Included in dorm cost)
• Gym Membership: $35 (Use campus facility instead)

Key Observations

• Parental Support: Many expenses, like health insurance, car insurance, and cable, are covered by parents.
• Transportation Costs: Includes car payment ($175), gas ($50), and a bus pass ($15) for flexibility.
• Food Budget: $120 total, with $95 for main meals and $25 for snacks and coffee.
• Potential Savings: Consider negotiating further parental support for the car payment to reduce out-of-pocket expenses.

Suggestions to Optimize

• Explore Public Transportation: Using the bus more often could reduce gas and parking expenses further.
• Entertainment Budget: Look into free or low-cost campus events to trim the $50 entertainment allocation.
• Car Sharing: If feasible, sharing rides could lower the car payment burden.
• Printer Usage: Use campus resources for printing to save on computer supply costs.

By fine-tuning a few categories, additional savings can further stretch the $555 monthly budget effectively!

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