How to Budget: Best budgeting Apps for Students

Being a student, living on a budget is pretty much your life while you are at university. Can I afford that? Should I be buying this?

Having to write everything down or get the laptop out to look at a spreadsheet is a bit of a nightmare, but fear not, as everything can now be done through your smartphone or tablet! The world of banking is available on your phone which means you can budget from there too.

Most budgeting apps can collect information electronically by connecting to your bank account and collating everything in one place.  This not only makes managing your spending easier but also to budget more effectively, no more flipping from app to app is a huge bonus.

There are many budgeting apps that will help you get your finances on point.  Here are 3 FREE apps to get you started:

EMMA – Great for getting rid of those unwanted subscriptions

  • Allows you to set your budget goal
  • Helps you to avoid using your overdraft and helps you pay off your debts
  • Groups all your accounts together in one place
  • Offers savings advice and recommends affordable amounts for you to save each month, based on your budget
  • Highlights wasteful subscriptions so you can cancel them, helping you to cut down on your spending

YOLT – Great for spend tracking

  • Again, all your accounts in one place
  • Pre-paid debit card for your spending
  • Transfer money between accounts easily
  • Allows you to set budget goals and tracks your bills
  • Tracks your spending and sets realistic spending targets using reports from your spending history.

MONEY DASHBOARD – Great to help budget for future goals

  • Voted ‘Best Personal Finance App’ in 2017, 2018 and 2020
  • Has a dashboard to clearly see your spending categories
  • Automatically categorises your transactions
  • Allows you to set up multiple budgets and advises you on overspending

You can also get budgeting apps that you pay for, such as money hub which requires a 99p monthly subscription.

Getting your finances in order as a student will help you to keep them in order as you go through life, and you will be able to save for those luxury items you want.

We hope you have found this blog ‘How to Budget: Best budgeting Apps for Students’ useful and if we can be of any assistance in helping you find competitive student accommodation in Sheffield please get in touch.