A budget is a plan to help you manage your money by establishing how much money you have coming in and what expenses you have on a monthly basis. Students are recommended to include all the costs of student life when making a budget.
Outside of tuition and fees you pay to the university you will have other categories such as housing, food and transportation to pay monthly. For a cost of living estimate as a student living in Edmonton, Alberta please view the Estimating University Costs for International Students.