If you’re sick of going through the monthly panic around paying your bills, consider seeking help from your phone. There are several free apps that do the heavy lifting for you. With these tools, you can optimize your budget to identify where you are wasting money you can use these apps to hit your financial goals. These spending tracker apps link to your bank and credit card accounts. Because of this, they more or less run on autopilot. You don’t need to manually input deposits and expenses as you would if you were tracking your budget on a spreadsheet. There’s no need to spend an hour every day working on a budget when the best personal finance apps automate much of it and help you quickly learn habits and alert you to costly money mistakes before they happen. These few apps can help you track your monthly expenses and generate a budget.
Mint is perhaps the most popular finance app for sticking to a budget plan.
Mint is easy to recommend for three reasons: one, it’s a trusted, venerable app in a space where lots of players come and go. Two, it has continually invested in new features since being acquired by Intuit in 2009, and it now offers tools for paying your bills, checking your credit score, and making progress toward your savings goals. And three, it’s ubiquitous — you can get it on Android, iOS, and the web.
Digit’s arrival in 2015 was so welcome. Once you sign up, Digit creates a new savings account and manages it for you, socking away a few dollars at a time from your checking account. It learns when your bills are due and withdraws money only when it believes you wouldn’t miss the cash. The average user saves about 5 percent of their salary over the course of a year, not accounting for the savings that they later withdraw from their Digit account.
Digit, on the other hand, makes the savings process as painless as possible. It sets aside a little money every few days so you don’t even notice it missing.
The PocketGuard budget Finance Apps connects directly to your bank accounts so that you can always have access to your current transactions and balance. The feature that stood out to us when we started using it is the ability to see money in simple terms.
On the home screen, there is a number that shows you how much money is in your pocket now, your income and how much you have spent. The app analyzes your spending to identify recurring payments that you need to plan for and can identify your income so that you have a good idea of your cash flow.
Simple charts outline where you spend your money, and a tap shows what you are spending in each category. This is an essential tool in finding places to cut back and to optimize your purchases.
GoodBudget is a digital envelope budget system that helps you manage your finances using the envelope budgeting method without carrying around a stack of envelopes when you need to make payments. It’s an envelope budget for the digital age.
Instead of trying to reconcile envelopes, your budgets sync across all of your devices from iPhone to Android so everyone knows where money is going. The app can help you learn how to save for big purchases.
Here are Few more Finance Apps that help Students to keep track on their expenses:-