Build Your Budget

Download and use the Orange Budget to take control of your money. Start budgeting today by following these four steps:

1. In the “Monthly Income” section, enter all of your income for the month from different sources, after taxes have been taken out.

  • If you receive a refund from Financial Aid, whether it be from a loan or a scholarship, divide the full refund by the number of months you need the money to last. This is the number you will enter in the “Planned” column.

2. In the “Expenses” section, enter all of your planned monthly expenses. 

  • If you live on campus you may not have all of the listed expenses. Simply ignore those categories that do not apply to you and enter the expenses you do have, such as buying food outside of meal plans, phone, entertainment, and personal items.
  • If you live off campus, add in your additional expenses such as rent/mortgage and utilities. Below are some general spending ranges to consider:
Category Range
Housing 25-35%
Utilities 5-10%
Transportation 10-15%
Food 5-15%
Insurance 5-15%
Entertainment 5-9%
Miscellaneous/Personal 5-9%
Debt Payments 0-10%
Saving 10-15%

3. Subtract your expenses from your income. The Orange Budget does this for you.

  • If you have money left over, budget the rest to whatever you decide, whether it be saving, spending, or paying off debt. Give every dollar a job. Once income minus outgo equals zero, you have a zero-balanced budget.
  • If you are spending more than you make for the month, lower your expenses or raise your income. Contact the Financial Literacy Office for help making a plan.

4. Re-visit your budget daily to enter what you have actually received or spent.

  • In the “Received” column, enter your income as it actually comes in to see if you projected accurately.
  • In the “Spent” column, keep track of what you are spending throughout the month to make sure you do not exceed what you planned.
  • Are you on track? Do you need to curb your spending for a few weeks? Your budget may not be perfect, but it will help guide you to financial success over time.

Orange Budget Excel

 

Saving at Syracuse:

Academic

Bird Library – Syracuse University affiliated patrons can check out a wide selection of technology for personal use.

Carnegie Library – Resources include textbooks, TI graphing calculators, Mac and PC laptops for loan, geometry kits, and math-education curriculum materials.

Housing

Off-Campus and Commuter Services – Search for apartments, off-campus living, rental issues, and more.

Food

BrainFeeders – CSA/fresh produce delivered on campus.

Transportation

Bike Share – Free bike rentals from Schine Student Center for up to 24 hours.

Centro – Make use of the Centro buses while traveling around campus and the surrounding area.

Zipcar – Syracuse University has several zipcar stations located on main and south campuses. Rent a car for a few hours or for the whole day.

Recreation

SU Drumlins – Full-time undergraduate students can play tennis and golf for free during the academic year. Undergraduates and full-time graduates (including Law and ESF students) can also attend free tennis instructional clinics (SUID required for all).

University Union – Puts on free movie nights on Fridays and Saturdays.

Orange After Dark – Affordable, epic late night programs and events for SU undergrads.

Schine Student Center Box Office – Stop by the box office to pick up discount passes to Regal cinemas.

Affordable Fun Around Syracuse

Museum of Science & Technology

Erie Canal Museum

Green Lakes State Park

The Westcott Theater

Rosamond Gifford Zoo

Discounts at Destiny USA

Show your SUID at the stores listed below to receive the following discounts:

Alex and Ani: 10% off in-store non-sale items
Ann Taylor: 15% off (excludes sales and promotions)
Banana Republic: 15% in-store, full priced items
BC Surf and Sport: 10% off full price items only
Glow Golf: $1 off each person with a party of five or more
J Crew: 15% off (exclusions may apply)
Master Cuts: 10% off
The Limited: 15% off in-store purchases
Villa: 20% off on Thursdays (excludes sale items, AF1, Jordan and Timberland 10061)