5 Awesome Apps for Setting a College Student Budget

Managing money while attending college can be a constant struggle. You may have limited income due to devoting your time to classroom responsibilities, or maybe you’re living off of student loans and want to keep your expenses in track.

A good budgeting app can help college students keep track of their finances and help them find areas where they can cut back. Most budgeting apps can cover the basics—this article will provide you with five budgeting apps that stand out from the crowd and explain how they can help keep a college student’s budget in order. 

college_student_budget_mint1. Mint (iOS, Android)

  • How it stands out: One word: automation. Mint securely connects to your bank account and automatically inputs purchases. It also performs handy little tricks like separating the $2.50 from a $102.50 ATM withdrawal into a fees category, which serves a nice reminder to try and keep those fees down.



     
  • Why it’s good for college students: You spend less time entering every purchase, which is one of the hardest parts of keeping a budget. Mint allows college students to focus on what categories their budget breaks down into and areas they can cut back on. 





college_student_budget_toshl2. Toshl Finance (iOS, Android)

  • How it stands out: Toshl Finance has a simple, good looking interface that is very easy to pick up on. That simplicity makes setting up a monthly budget for college students a breeze—all you need is to input your income and your expenses with reusable tags to get a clear picture of where your money goes.
     

     
  • Why it’s good for college students: Toshl’s budgeting section allows you to set a hard line, for example $250 per month for groceries, that will give you a nice visualization of how close you are to going over budget. Sometimes seeing your last $20 as a tiny red sliver of a progress bar helps put you in the mindset to not overspend.  





college_student_budget_lefttospend3. Left to Spend (iOS)

  • How it stands out: Left to Spend keeps it simple—really, incredibly simple. You set a spending allowance and then subtract from there. No bells, no whistles, just straightforward budget tracking. If you’ve ever tried the “$20 in an envelope every day” budgeting method, this is essentially the digital equivalent.



     
  • Why it’s good for college students: Left to Spend prevents users from getting too caught up in budget details. Sometimes the time spent analyzing graphs comparing clothing and dining expenses would be better spent on things like studying.  
     




college_student_budget_check4. Check (iOS, Android)

  • How it stands out: Check, like Mint, works as a comprehensive budgeting app for college students. It can connect to all of your financial accounts, and also features the ability to set up bill payment reminders and notices if you’re close to overdrafting an account.


     
  • Why it’s good for college students: A lot of college students have never had the pleasure of paying monthly bills and consequently are a bit more likely to forget to pay. The reminders provided by this app can be a life saver for those of us who haven’t got into the monthly routine of paying bills.  






college_student_budget_debtpayoff5. Debt Payoff Planner (Android)

  • How it stands out: Debt Payoff Planner allows you to find the most effective way to pay back debt, whether it’s student loans or your balance on the emergency credit card. Users can prioritize debt by categories such as highest to lowest balance or highest to lowest interest rate.  It also allows users to see the projected debt payoff date based on payment amounts.


     
  • Why it’s good for college students: College students looking to pay off credit card debt or student loans get a clear picture of what they need to do in order to efficiently get their debt paid off. If you’ve ever wondered which loan would be best to pay off first but didn’t want to take the time to do the math, this is the app for you.  




Go forth and spend wisely

These apps should make setting and maintaining a budget for college students a breeze. Remember, keeping track of your spending is half of the battle, the other half involves spending wisely. No amount of tracking will help if you can’t resist consistently going over your budget.

Now that you’ve got the tools to get your budget in order, check out 50 Smartphone Apps for College Students for more useful ideas. If you have suggestions for other helpful college student budgeting apps, feel free to share them in the comments section below. 

External links provided on Rasmussen.edu are for reference only. Rasmussen College does not guarantee, approve, control, or specifically endorse the information or products available on websites linked to, and is not endorsed by website owners, authors and/or organizations referenced.

As a community blogger at Rasmussen College, Will researches and writes blog content focused on students, alumni and community events at Rasmussen College. He is passionate about learning and hopes that the inspiring stories of Rasmussen College students will help motivate current and prospective students to achieve their educational goals.

comments powered by Disqus
Share Your Story Ideas
Our campuses and online community have stories to tell and we want to hear them! Did your campus raise the most money in the community for an organization? Do you have online study tips for other students? Would you like to share a personal success story about overcoming an obstacle while earning your degree?
To have your story idea considered:
  • You must be a faculty member, current student or graduate
  • Story ideas must be regarding Rasmussen College or an inspiring story about a student at Rasmussen College
  • Your submission must be original and may not have been published elsewhere online already
Please Note: Your story idea may be featured on the Rasmussen College News Beat or on one of our social networks. A member of our news team will contact you should we move forward with a blog post.
Feel free to suggest an idea for a blog post to be featured on the Rasmussen College News Beat by filling out the form below:

First Name: (required)

Last Name: (required)

Email Address: (required)

Phone Number: (required)

500 characters or less

close

Your Story Idea Has Been Submitted

Thank you for sending us a story idea! We’re reviewing submissions and may contact you soon to learn more about your story. In the meantime, make sure to check out our current blogs to see what’s happening on campus.

close