October 30, 2021

11 Best Budgeting Apps For College Students – You Must Know in 2022

11 Best Budgeting Apps For College Students – You Must Know in 2022

Topic – 11 best budgeting apps for college students | Also Check: Best Books For Financial Professionals in 2022

It is so overwhelming when it comes to finances and budgeting, right guys?

Being new to everything and fighting against all challenges of adulthood gets on your nerves at times. You cannot help but agree, right?

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Managing your budget along with your college studies is a nightmare, and we understand it.

Hence, we have brought you the 11 Best Budgeting Apps For College Students, or should I say, life saviors for you.

Read till the end to choose the best app out there for you.

Why do you need a budgeting app?

I remember going to college and trying to multitask. When it came to managing money, at times, I used to fail brilliantly.

College life makes you prone to unsettling financial mistakes like:

  • Uncontrollable expenditure
  • No savings
  • Absence of monthly budget
  • Nobody tracks how much they’re spending and so many more issues.

But then, just like you’ve come to this page in search of some good assistance, to help you out of this situation, I came across these 11 best budgeting apps which every college kid can benefit from.

Yeah, you can let your worries astray now.

Budgeting Apps 

When it comes to Budgeting apps, you come across two types of such applications.

Automated Budgeting apps

Here, the application is linked to your bank account and keeps a tab on your expenses and savings to save you the pain of logging in and out of your account, and provides impressive statistics.

Manual Budgeting apps

As the name suggests, in a manual budgeting application, you are going to manually log in and maintain all your expenses and savings to keep a tab on your budget.

You can make use of any of them as per your requirements.

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Comparison of 11 Best Budgeting Apps For College Students

Here’s your pretty list from where you can choose your best budgeting application, good luck!

List of 11 Best Budgeting Apps For College Students USA UK 2022

#1 Mint ( Best Budgeting Apps For College Students )

When it comes to budgeting apps, you can never miss mentioning Mint. The one place where you can manage your expenses, savings, net worth, credit cards, student loans, etc. As easy as butter.

The Positives:

  • You get quick access to all your credit reports and scores.
  • You can see all your bills, know what you have in your bank, right in one place. This helps you to know when are your bills due and you can clear them without breaking your head. Courtesy of the Bill payment tracking feature.
  • The app provides you with your estimated goal budget based on the data you provide the app about your expenditure. Jolly good, right?
  • Cool features like setting up alarms for upcoming bills, any suspicious activity, low balances are available. This helps you to avoid any of the late penalties and overdrawing, etc.
  • Best Budgeting Apps For College Students 2022

The Negatives:

  • Advertisement traffic since it is a free app.
  • This app works as a reminder app. No direct pay feature is available here. So once reminded, you have to pay the bills.

#2 EveryDollar

A Dave Ramsey Creation, EveryDollar is a monthly budgeting app with a customizable template.

The Positives:

  • Very quick and easy to set up
  • By default, the app comes with eight spending categories. But of course, you can add more!
  • You can create your own space as a saving fund for different plans and preferences.

The Negatives:

  • The bank syncing feature does not come with the free version. Hence, you have to enter all your transactions manually.
  • At times this turns out to be time-consuming if many transactions are happening daily.
  • Risk of forgetting to add important transactions.
  • To avail of the feature of bank sync, you have to upgrade this application by paying $129.99/ year.

#3 Mvelopes

Just another application based on the envelope budgeting system. You can set it up with your account and send envelopes for different spending categories. It’s a paid apphence make sure you use it before buying.

The Positives:

  • There’s an unlimited digital envelope feature
  • You can manually input transactions
  • Mvelopes app is a web platform and a mobile application
  • Avail quarterly coaching sessions (only for members)
  • There’s a feature for automatic transactions once you link it with your financial account

The Negatives:

  • Only 95% of the banks and credit unions sync with this application
  • There’s no free monthly plan option
  • The debt reduction calculator is basic as per expectations. 

#4 Daily Budget Original (exclusive for iOS only)

This budgeting application is available only on iOS. Budgeting of basic categories like shopping, dining etc can be maintained here. To avail more categories, you’ve to buy them for this app.

The monthly, yearly subscriptions are very cheap.

You can avail yourself of the feature of setting some saving goals and encouraging yourself to save more.

The app also tells you how much you can spend each day as per your budget.

This app displays all the essential requirements you need for managing your finance, a perfect no-nonsense application. 

The Positives:

  • Includes an impressive Fix Cost calculator
  • Automatic calculation of daily savings
  • You can create wish lists for your purchases and save for them 
  • You can set up respective categories to track where and for what your money is going
  • You can set up a daily budget here. The unspent amount rolls over to the next day.

The Negatives:

  • Surprisingly, no hefty complaints about the application are reported to date.

#5 Personal Capital

This application not just helps you manage your budget but also lets you track your net worth. You can also manage your investments here. 

Once you’ve linked your bank account to Personal Capital, it keeps updating everything periodically.

It’s easy to keep a tab on your network and investments along with your budget.

And lo! This application is free too.

The Positives:

  • Efficient financial advisors
  • Individual securities are available
  • Impressive investment management tools
  • The tax optimization strategy is advanced 

The Negatives:

  • The management fee is very high
  • $100,000 is the minimum account


The company’s renowned budget philosophy and reputation put You Need A Budget (YNAB) on the best budgeting apps list.

According to the statistics, the new budgeters save up to $600 in the initial months. And more than $6,000 in their first year.

This app is hence a costly option, but you can avail of the 34-day free trial before deciding whether to purchase it or not. 

The Positives:

  • Smooth in processing your financial information
  • Helps you switch in between various budget logs without restarting
  • Can sync more than 12,000 banks
  • Provides you customizable services
  • Best Budgeting Apps For College Students

 The Negatives:

  •  Lack of investment tracking features
  • The cost is $11.99 per month or $84 a year.
  • Lacks the feature of an overall financial health update

#7 PocketGuard

Another budgeting app for your assistance, that can switch from automatic to manual as you wish.

You can also avail yourself of the facility of setting up your account in sync with this app to set yourself some recurring payment options. 

Get yourself saving goals, smart statistics like pie charts to keep a tab where your money goes. The ‘In My Pocket’ feature analysis all your income, expenditure, and savings and get you a fine amount you can spend daily, of course, wisely. 

You can also add hashtags to your transactions so that you can smoothly track the functions.

The Positives:

  • Personalized reports and statistics on your spendings
  • Assists you build a budget and set some goals for the savings
  • The famous ‘In My Pocket’ feature to track your expenditure.
  • Syncs accounts from numerous institutes.

The Negatives:

  • To use this app, syncing your account is a must
  • Customizing limitations for the free versions
  • At times difficult to navigate through the website

#8 Clarity Money

Track your expenses and cut out the unwanted ones with Clarity Money. If you are looking for automated withdrawals, smart goals to save some bucks, the right place here.

You can also avail the facility to cancel some subscriptions right from the app. 

Popular as one of the good expense trackers rather than a budget managing app, this app does not give you much flexibility with spending limits and category management settings.

The Positives:

  • Affordable
  • You can avail product recommendations from time to time
  • Easy to use
  • You can also track your credit score

The Negatives:

  • Some features are only limited to iOS
  • No individual financial coaching
  • Less customizable compared to other apps

#9 Pocket Smith

One of the automated applications to manage all your budgets and banks in one place. Link them all together and track all your transactions.

Alas, this privilege is only for the paid version, watch out!

The free version gets you manual tracking though, with saving goals and a thorough breakdown of expenses.

The Positives:

  •  The budgeting and multiple accounts 
  • Importing transactions and information is smooth
  • The financial dashboard feature is very simple to use and impressive

The Negatives:

  • It is expensive for almost all of its features
  • No investment monitoring feature
  • The mobile version has limited facilities compared to the website

#10 Wally

A manual budget tracking application, for the smart college kids out there.

This app also adds up the details of the location of your expenses. Also, it allows you to add on notes, pointers for your transactions and keep significant attachments in order.

The only pullback for Wally is no known setting to keep a spending limit for yourself. You can also break down your transaction categories with hashtags here.

The Positives:

  •  Smooth and easy to use
  • Your banking data is sound since it does not connect to it.
  • Proper statistical reports to make you understand your budgeting health

The Negatives:

  • Manual data entry is required
  • Many features are a part of paid app
  • The coins concept from this app is a bit unclear for the users

#11 Goodbudget

Another application at your service, based on the envelope budgeting system. With a limit of adding up to 10 envelopes for free and a good breakdown of your expenses and savings.

You will find a broadly managed budget list for managing your expenditure.

It is not too expensive compared to the other budgeting apps, but you can also avail these facilities without paying for the same.

The Positives:

  • Not a cut through your pocket
  • Multiple devices assistance 
  • Allows you to import your transaction files from banks
  • Detailed reports for your budgeting

The Negatives:

  • The free plan is limited
  • You are required to do manual logging
  • Time-consuming
  • Limited features for assisting your budget management

Concluding Best Budgeting Apps For College Students in 2022

Doesn’t it feel better that now you have the 11 best budgeting apps to explore? Get your finance management in order by just making use of any of these budgeting applications. 

We hope that this post must’ve helped you to select your favorite budgeting application. With this, we conclude the topic of the 11 best budgeting applications for college students in 2022 USA UK.

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