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Veterans Budget Plan

Learn how to budget with or without benefits
  • The first step in this process is for you to look at your current budget and determine the shortfall in your monthly budget. Follow the examples below:

    Budget with benefits:

    1. Total your monthly income with your benefits included.
    2. Total your itemized expenses.
    3. Subtract your monthly expenses from your monthly income.
    4. Identify where you can reduce your expenses and SAVE the surplus!

    Budget without benefits:

    1. Total your monthly income without your benefits included.
    2. Total your itemized monthly expenses.
    3. Subtract your monthly expenses from your monthly income.
    4. Determine where you can reduce expenses.
    5. Record the shortfall.
    6. Consider options to eliminate the shortfall:
    • Save before shutdown occurs
    • Find a part time job
    • Apply for financial aid

    Once you have given thorough thought to the above options, contact the VMRC staff to discuss your plan!