It’s extremely important to make an effective budget in student life. But in this digital age, everything is easy. There are hundreds of budgeting apps that can help you with saving money and stop spending unnecessarily. But you can get overwhelmed with so many apps and get confused about which one to use. To help you out, this article presents the list of the best budgeting apps that are useful for budgeting your finances and saving money.
Here are the top 10 best budgeting apps for students.
1. Mint
Mint is created to help you with budgeting. There are different categories for this like college books, the weekly cost of meals, etc. You can even set the highest amount you want to spend on each. You do not even need to remember tour expenditures. If you connect your bank account with Mint, it will provide your expense report in a spreadsheet.
2. Wally
This app comes in handy, particularly for college students, with separate categories of transactions. As you see how you spend money, you can be more careful in handling it. But unlike Mint, you need to note down all your expenses yourself. It works well for those who do not wish to link their bank account with an app.
3. Personal Capital
This app helps you save money. Your investment details are shown in the dashboard. They even assess your assets and find out your net worth. You can also get to know how much you save from this app. It helps you make smart decisions regarding handling money.
4. EveryDollar
This app works uniquely. It subtracts each of your expenses from your income until it becomes zero dollars. Thus, it makes you aware of the money you have at your hand so that you stop overspending. Suppose you use the free version of the app; you must record each expenditure manually. The paid version will track your expenditure records automatically.
5. Albert
This app gives you expert advice on spending less and saving more, apart from the traditional tracking record of your finances. It keeps track of even the minor expenses of your daily life. You can seek an opinion from experts too.
6. Dollarbird
This app does not track the expenditure based on categories; it does that date-wise. Thus, it helps you to form the long-term habit to record your expenditures every day manually. We often ignore the recurring wastage of money in some areas because they are small. This app makes you aware of that.
7. Goodbudget
This app takes a different approach to manage your expenses by offering digital envelopes to use. You can track your budget from both your phone and pc using this app. It helps you to track your debts too.
8. Simple
It works somewhat like Mint, i.e., it automatically tracks your transactions and presents that with your income, provided you connect your bank account with it. You can add your financial goals through the interface, and the app will find out how close you are to achieve it based on your saving and expenditure records.
9. PocketGuard
It helps to track your expenditure and plan your financial life accordingly. The best features include tips on saving as well as spending and helps you decide whether you need to have a big purchase or not.
10. Chip
This app prohibits you from spending unnecessarily and helps in saving wisely. You can link your bank account with Chip to have a clear knowledge of your expenditure, make saving goals that are realistic, and maintain a streak of days when you save. Chip helps you to save some bucks every day.
Conclusion
You can download these 10 apps on your phone, tablet, or PC. As you have read about them all, now it is time to decide which one will suit you best by comparing the features.
