Understanding how to budget and manage your money is important no matter what age you are. But for those in college, learning how to manage one’s finances is a rite of passage for many, but it can also be a tricky endeavor. If it’s the first time you’re on your own and responsible for your income and making payments for tuition, textbooks, rent, or something else, it can be challenging to adjust to this new lifestyle away from your parents. The good news is that there are many personal finance apps that can help!
Made by the same people behind QuickBooks and TurboTax, Mint is the ultimate organizational tool for personal finance. Not only does it gather all of the user’s bills, budgets, and bank accounts in one place, but it also updates automatically when payments are made or expenses are incurred. During the chaos of college, Mint could be exactly what a person needs to keep their finances on track.
LearnVest is a very simple budgeting app that doesn’t require a technical manual to understand. Users simply make categories for things like “rent,” “groceries,” and “college fees” and then add payment details when they’re ready. It’s a quick and easy way to track one’s expenses, and that’s exactly why it works.
Part game and part banking app, Qapital offers a fun twist when it comes to tracking one’s expenses and saving money for the future. For example, users can reward themselves with extra savings if they go to a specific coffee shop or take a certain number of steps per day. Adding to one’s bank account becomes a lively, everyday goal and make saving money easier.
Check lives up to its name by providing a way for users to check on all of their bills. It tracks things like billing cycles, recurring payments, and late fees; it also allows users to pay their bills directly through the app. It’s perfect for college students who don’t have the time or energy to log into multiple sites every month to handle all of their bills. Having everything in one place that keeps track of when it’s due makes it much harder to forget to make a payment.
You Need A Budget is a popular finance app that advertises itself as a no-fuss, no-stress way to save more money and stop living paycheck to paycheck. It’s ideal for college students who don’t have a lot of funds to begin with, and it breaks down dollars, percentages, ratios, incomes, and expenses in ways that are easy to understand.
These are just a few personal finance apps that can help college students. While some of them aren’t targeted at young people specifically, they can still serve as valuable tools for anyone figuring out their finances for the first time.