Top 5 Budgeting Apps That Every Student Must Have

Keeping track of your finances during an international stay can be difficult, but it is important to do so. This financial management can assist you in avoiding getting into debt or spending more than you can afford. To do so, you can download various budgeting apps on your phone to keep a record of spending on books to meals throughout your stay abroad.

In addition to this, you can download these applications on various devices as well. However, while choosing the most suitable application for your budget planning it is important to compare their features first. So, in this article, we shed light on the top budget applications for students. You can choose any one from the list.

Well, for your visa-related queries, you can approach the best us visa consultants. They will guide you with the best assistance on the course and university selection abroad. Moreover, they assist you in making wise decisions while choosing both by keeping in mind the cost of each.

Why Do Students Need Budgeting Apps?

Before diving into the best apps, let’s understand why budgeting is crucial for students abroad:

Avoid Overspending – Track where your money goes (food, transport, entertainment).
Save for Emergencies – Set aside funds for unexpected expenses.
Plan for Big Purchases – Save for textbooks, travel, or gadgets.
Reduce Financial Stress – Stay in control of your finances.
Build Good Money Habits –Learn to manage your finances early.

Top 5 Budgeting Apps That Every Student Must Have 

Here are the top 5 budgeting apps that every student must download on their cell phones to manage their spending wisely: 

Mint

This app is free to download and makes it easy to create a budget. There are various categories that you can use to set a budget for college books and weekly meal expenses. Moreover, you can set limits on the amount of money you plan on spending in each category. Also, make a list of spending for each category in a spreadsheet. In this way, you can save your money wisely while studying abroad. 

Best for:

 Automated budgeting & expense tracking

Syncs with bank accounts to categorize spending (food, rent, books, etc.).

Set monthly spending limits with alerts for overspending.

Free credit score monitoring.

Wally

Wally is a free budgeting application for international students that helps you track your spending. However, it does not automatically record your transactions like other apps do. On the plus side, Wally does not require you to hook up your bank account to get the most out of it, which can offer peace of mind in terms of security. After downloading this app, you can enter each transaction you make to see how you are doing on your budget. 

Best for: 

Manual expense tracking (no bank linking required)

Simple interface to log daily expenses.

Supports multiple currencies—ideal for international students.

No ads or hidden fees.

Personal Capital

This is one of the best money-saving apps to use if you are focusing on investing or saving for retirement in the future. This application allows you to see your investments on your dashboard and use an asset allocation tool to determine your net worth. By using this app, you can keep track of how much you have saved and spent to improve your overall finances while living in a foreign country. 

Best for: 

Saving & long-term investing

Tracks net worth, investments, and retirement savings.

Analyzes portfolio performance.

Useful for students planning part-time jobs/internships.

EveryDollar

EveryDollar is an app that is designed to help with zero-based budgeting, which involves subtracting all of your expenses from your income until you hit $0. Moreover, it helps students to follow Dave Ramsey’s Baby steps to help students to save money and reduce unnecessary spending. It includes building up a $1000 emergency fund and setting aside up to six months’ worth of expenses. The free version of this app allows you to enter transactions manually, while the paid version does so automatically. 

Best for:

Zero-based budgeting (Dave Ramsey’s method)

Allocates every dollar of income to expenses/savings.

Free version: Manual entry. Paid version: Auto-syncs transactions.

Helps build emergency funds.

Albert

This is one of the top money-saving apps. By using this, users can keep a record of their penances and spending. Through this app, you will get suggestions on how one can cut back on their spending in certain areas, for example, canceling a subscription you don’t use much or cooking more often instead of dining out. Moreover, you can send texts to finance experts to make informed decisions on your expenses. For instance, you might be able to ask an expert whether or not you should make a certain purchase based on your budgeting information. 

Best for: 

AI-driven financial advice

Analyzes spending habits to suggest cuts (e.g., unused subscriptions).

Offers access to human financial experts via chat.

Automatically saves small amounts for future goals.

Bonus Tips for Managing Finances Abroad

Use Student Discounts – Apps like UNiDAYS & StudentBeans offer deals on food, tech, and travel.

Open a Student Bank Account – Many banks offer zero-fee accounts for international students.

Track Currency Exchange Rates – Use Wise (TransferWise) or Revolut for low-cost international transfers.

Cook at Home – Eating out frequently drains money; meal prepping saves cash.

Find Part-Time Work. Check visa rules; many countries allow 20 hrs/week for students.

Are you looking for the best visa consultancy to get your visa easily? If your answer is yes, you can approach the study visa consultants. Moreover, you will get to know about various job opportunities after completing your studies abroad. 

Wrapping Up

To wrap up, we hope that after reading the above article, you will get to know the top budgeting apps. These apps not only save your money but also help you keep a record of all of your spendings.

Author Bio:

This is Aryan, I am a professional SEO Expert & Tech Write for us blog and submit a guest post on different platforms- Technoohub provides a good opportunity for content writers to submit guest posts on our website. We frequently highlight and tend to showcase guests.