Many students have found themselves in a challenging situation when it comes to saving.
Many things require money, making it hard for students to save. However, there are many applications that can save you trouble and help you save consistently.
The idea of saving as a student prepares you to have financial discipline in the future.
Again, according to DissertationTeam research, you will gain financial literacy that will help you manage your finances and avoid unrealistic debts. Let us evaluate the apps you can use when saving money below.
With the personal capital application, you can keep an eye on your investment returns, credit card transactions, and all your bank accounts at any time.
The app has notifications that remind you of your upcoming bills and general financial reports so that you can spend wisely.
The incomparable feature of this app is the retirement planner. The feature helps you to customize your spending plan every month.
Acorns is a budgeting application that has an in-built investing process. With over seven million users, the app rounds up all the purchases you make through your accounts and grow your portfolio with the remaining balance. Acorns app uses investment theory to monitor all activities in your portfolio.
Some of the app’s unique features include special savings accounts, mortgage rates, and different articles related to money spending habits.
Note: You must pay a fee of either $1, $3, or $5 to access the app monthly.
PocketGuard application helps you to track all your transactions because you link all your account to the app. Suppose you have more accounts, the better because the app has unique tools that support multiple accounts. You can check how you spend money and identify areas you can cut off expenses with the app. Again, you can set notifications for upcoming bills so that you don’t forget.
The unique feature of PocketGuard is that it can help you calculate the balance you have after spending money daily.
The Dollarbird app is different from other applications because it lets you calculate your daily transactions manually instead of automatic updates like other apps. The app is cloud-based software, and it can share your financial information with your loved ones.
Note: Even though you can share information with other people, you must pay $40 yearly for the services
You Need a Budget
YNAB app focuses on the future by prioritizing requirements when purchasing items. You plan and prioritize all your requirements to identify areas you need to spend more and areas you need to cut down on expenditure.
Note: You can use the app for free up to the first 34 days, then, later on, pay a monthly fee of $12 and $84 annually to access the application’s services.
Financial discipline starts when you understand the benefits of saving. However, as a student, it can be tough to manage your cash and ensure you save.
Without some applications, it is easy to stop tracking your transactions to improve on saving. That is why there are several applications to aid you throughout the process. You can try the above apps and experience the difference.