That smart phone that you have permanently attached to your right hand or never out if arms' length distance is actually more than your portal to who's-doing-what-where or up-to-the-minute sports standings. In fact, its much more. For those students prepping for study abroad, you're in luck. Your favorite toy can actually double agent as your personal money-yoda on-the-go. Awe$ome!
Before you board that plane, fire up the app store and tap the cloud to download these apps. Spend, save, and monitor your finances with our comprehensive list of best apps for helping students to budget.
No but's about it, there's a reason why this app pops up on just about every recommended-money-app list. Mint is user-friendly, secure, free, and easy to operate. Here, you can automatically input your purchases, and the app will comeback with a breakdown of where your money is going (food? rent? fun?) - handy if you're looking for areas to cut back. Spend less time laboring over entering each purchase and more time reveling in what you'll spend your saved dollars on!
2. My Currency Converter
Having a pulse on exchange trends in your study abroad destination will clue you in on day-to-day savings opportunities. While you could fork out the 99 cents for a currency conversion app with fancy charts and historical data, My Currency Converter is a free, no-frills tool for converting over 150 world monies. It even has BitCoin and LiteCoin options! For an all-in-one currency converter, give this app a whirl. If you're lucky, you'll be traveling abroad while your home country's currency is strong!
3. ATM Hunter
You should plan to rely on ATM withdrawals for your everyday-expenses money supply. While you will inevitably be dinged with fees from both the local bank and your bank back home, you'll almost always come out ahead, with the exchange fees in your favor. Use this handy app, from Mastercard, to easily locate your next cash fill up.
Pro tip: Call your bank in advance and have them raise your daily withdrawal limit. By withdrawing larger sums fewer times, you'll minimize your overall bank fees.
iMetro is a more practical budget app for when you're navigating a new city. Rather than forking out beaucoup bucks for taxi cabs, why not take a more budget-friendly bus or subway? This app will give you the best (er, cheapest!) route between point A and point B. Now your hard-earned dollars can be spent on having fun rather than getting to the fun!
Heading to Venice for the weekend and need a place to crash? Wanting to stretch your holiday break travel funds even further? Tap into this app's extensive network and save some serious cash. The Couchsurfing app connects users with other locals or travelers with spare rooms for the taking. You'll also get to meet other interesting, intrepid travelers to boot. Win-win-win!
While the above apps are our favorites, we'd be ashamed of ourselves for not sharing a few others that are widely used and highly useful. These apps have also proved true-blue as personal finance software tools. Check them out to see which features you find most relevant and useful for your student budget needs:
- Your home bank's app: No other app will give you the down and dirty of your bank account's current status.
- LeftToSpend: Handy for those not so interested in detailing every bit of their spending habits - they just want to know how much leftover money they have.
- PocketBook: All-inclusive app for finances and a good alternative to Mint.
- XE Currency Converter: Daily updates for current exchange rates.
- Check: Incredibly useful if you have ongoing bills to pay and have a knack for never knowing the date. Set up automatic payments!
In conclusion, traveling the world isn't free, and you're going to need to pinch a penny (or 2!) to make your life as a student abroad go smoothly. Don't get stuck with a pile of receipts in a myriad of languages. These apps will simplify your financial burdens and help you stay (gasp!) ahead of your budget. What other apps have you found useful for understanding your spending,