Worried about how you are going to pay your next loan? Wish you had a better way of managing your money?
If so, you are not alone. Almost every student in college has found themselves with a tight budget.
This is because managing money while in school is hard. It requires discipline and self-control.
If you are tired of constantly being broke, working to pay pilling loans or living paycheck to paycheck, then it is time to take a new approach to manage money.
Luckily, you can use apps to make sure that your personal finances are always on track.
Whether it is your living expenses, emergencies, textbooks, or tuition, here are the 6 best personal finance apps for college students that will make it easier for you to keep track of your money.
1. Best Personal Finance Apps for College Students: Mint
Mint is one of the most popular expense tracker apps. It is free, supports a wide variety of lenders and banks, which means that you can directly connect it to your bank, and it will update your spending automatically.
With this app, you can create a daily or monthly budget and get as specific as you want.
What makes this app great for keeping your finances in check is that when you get closer to your spending limit, you will get warnings in the form of brightly colored graphics.
Mint is available on Android, iOS, and Kindle.
2. Best Personal Finance Apps for College Students: Personal Capital
Even for a student, it is never too early to start thinking of investments. If you start investing in your 20s, you will lay a foundation for the kind of lifestyle you hope to have in the future.
If you are a student, who wants to maintain a budget yet dive into investing, then Personal Capital can help you in that.
This free app allows you to make smart decisions with your money wherever you are. It links to accounts and is available both on iOS and Android.
Personal Capita is not just a budgeting tool. It also has an optional wealth management services which are offered at a fee.
Instead of manually putting the data, the app will collect it from the linked accounts. This app is ideal for students who want to focus more on long term planning and investing than on budgeting alone.
3. Best Personal Finance Apps for College Students: Level Money
The app works by subtracting recurring expenses and savings from your income.
It will then go further to divide up what is left so that you can get an accurate figure of how much you can spend per day, each week and month.
Level Money is ideal for students because it is easy to feel overwhelmed, especially when you have so many assignments that you need to submit before the deadline.
In such a situation, you might need someone to help you with your writing assignments. This can cost you money.
If you have a tight budget yet need writing help, you can use this app to track your finances and gauge how much you can afford to pay for a paper.
This ensures that you pay for services that are within your budget.
4. Best Personal Finance Apps for College Students: Wally
While other apps allow the user to link accounts from which they can track their expenses, with Wally you can take photos of your receipts and manually organize your cash spending.
The app is a free budget tool that is easy to navigate and is ideal for students as it helps you monitor your cash as well as your card spending.
5. Best Personal Finance Apps for College Students: You Need a Budget (YNAB)
It is common to hear students complain that they are drowning in overdraft and are sinking deeper into debt every month because they are overspending with the hope that they can pay off the money next coming weeks.
What this app does is to help you identify your spending habits and how to manage your current income and get out of debt.
6. Best Personal Finance Apps for College Students: LearnVest
Did you know that budgeting ensures that you have money to pay for things that are important to you?
Besides, it helps students control their spending habits and work their way out of debt.
So how does LearnVest help you maintain financial security? While the app is designed for users with iOS devices, it has interesting features such as the ability to link to accounts.
This will help you if you don’t want spend your time keying in your budget manually. If you like fine-tuned control you can even go further and input your budget manually.
This app makes budgeting easy for students as it categorizes transaction by expense type.
If you are a student that need to track their expenses and stick to a budget, then any of the listed above financial apps will be an excellent fit for you as you will understand where your money goes.