As things get more expensive The best budgeting apps can help you manage money better — and ultimately save it.
Being an international student doesn’t come cheap. On average, students at US universities spend money $10,000 to $18,000 per year for housing, food, school books, travel, weather-appropriate clothing and entertainment. Tuition for undergraduate programs can range from $3,800 to $38,070, according to the College Board, College Awards and Student Aid Trends 2021.
These expenses can add up. Setting up a budget lets you do more than just see where your money is going—it helps you plan for future spending and achieve your financial goals. Maybe you want to get out of debt, or save up for a new laptop, or a trip, or just for a rainy day — whatever it is, these are the ones The Best Budgeting Apps to Help You Get There:
Best Budgeting Apps for International Students
mint puts all your accounts together in one place, which gives you a snapshot of your financial life. This free app allows you to customize your budget based on different categories like bills, entertainment, personal care and more.
When you link your bank accounts to your Mint profile, your spending is automatically analyzed and personalized budget targets are suggested.
One user explained how he benefited from using Mint: “Without Mint helping me manage all my accounts in one place, I wouldn’t have been motivated to pay off $125,000 in student debt in 3 years.”
You can download Mint from the App Store or Google Play, or sign up for a free account on the website.
Wally is another free app that works similarly to Mint. However, you would have to enter your transactions manually. On the plus side, you don’t need to connect your bank account to enjoy the full benefits.
Wally lets you see your budget, making it easier to see where you can cut back on spending.
You can download the app from the App Store.
3. Good budget
Are you looking for an effective way to save money? Download digit. This budgeting app connects to your bank account and automatically saves small amounts of money for you every day.
You can specify the maximum savings limit for Digit on any given day. Whether it’s 75 cents or a dollar, it adds up. The app also separates the right amount to move to your “Bills” account to pay monthly bills like rent, utilities, or subscriptions.
The best part? you enjoy a try six months free of charge to familiarize yourself with the app. After that, you can pay a monthly subscription fee of $5. Digit can be downloaded from the App Store and Google Play Store.
When you’re in college, some expenses — like textbooks and groceries — are hard to avoid. You might be thinking, “Wouldn’t it be nice to earn some money back with these essentials?”
Rakuten can help. It’s an app and browser extension that helps you earn your money back when you shop online or in person. Once you connect your debit or credit cards to the app, you’ll get a percentage of the money back when you shop at a store connected to Rakuten’s network (over 3,500 stores are included).
Cashback is paid quarterly by check or PayPal. This app is available on iOS and Android.
5. Top Cashback
If you are an international student studying in the UK, Top Cashback you can claim money back for your online and in-store purchases from over 5,000 merchants.
Your cashback will appear on your Earnings page seven days after your purchase. Once the retailer pays the commission for your purchase, your cashback becomes “payable” and you can withdraw it through your PayPal account. You can also convert it into a gift card with a bonus of up to 20%.
You can download Top Cashback on the app store and Google play store for free.