When you are in college, some expenses - like textbooks and groceries - are hard to escape. Digit is available for download on the App Store and Google Play Store. After that, you can pay a monthly subscription fee of US$5. The best part? You enjoy a six-months free trial to familiarise yourself with the app. The app also separates the right amount to move into your “Bills” account to pay monthly bills like rent, utilities, or subscriptions. Whether it’s 75 cents or a dollar, it adds up. You can indicate the maximum limit for Digit to save on any given day. This budgeting app connects to your bank account and automatically saves small amounts of money for you each day. GoodbudgetĪre you looking for an effective method to save money? Download Digit. With Digit, you can automatically save small amounts of money every day. You can download the app on the App Store. With Wally, you can see your budget, making it easier to determine where you can cut back on your spending. On the plus side, you do not need to connect your bank account to enjoy the full benefits. However, you would have to record your transactions manually. Wally is another free app that functions similar to Mint. You can download Mint on the App Store, Google Play or sign up for a free account on its website. One user explained how he benefited from using Mint : “Without Mint helping me manage all of my accounts in one place, I wouldn’t have been motivated to pay off US$125,000 of student debts in 3 years.” Linking your bank accounts to your Mint profile will automatically analyse your spending and suggest personalised budget goals. With this free app, you can customise your budget based on different categories like bills, entertainment, personal care and more. Mint compiles all your accounts in one place, giving you a snapshot of your financial life. Source: Ina Fassbender/AFP Best budgeting apps for international students 1. Two of the biggest budget-busters are irregular income and expenses that either fluctuate month-to-month (we’re looking at you, electric bill) or are paid annually in a lump sum, like insurance premiums and subscriptions.Some of these apps can help you to set up your budget and automatically track your spending. Flexibility for irregular income and expenses Budgeting software should provide the flexibility to conform to your financial obligations and goals by letting you add, delete, and rename categories. But beyond common expenses like these, most people’s spending is unique to their situation. Virtually all budgeting software comes with preset categories like rent/mortgage, utilities, and food. As you’ll be assigning categories to every financial transaction you make in order to track your money, it’s critical that they be accurate. They let you know where your money is coming from and where it’s going. Income, spending, and savings categories are the building blocks of your budget. What to look for in budgeting software Customizable budget categories You can also set a monthly savings goal as a percentage of your income, analyze your spending trends, and keep tabs on your total income, expenses, and remaining budget. As you enter each transaction, you can add context by choosing from location-based list of merchants, tagging who you were with, and attaching a photo or the receipt. The Wally+ Android app makes it easy to record expenses as they’re incurred.
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