In the era of smartphones, saving money has become much easier. Budgeting apps have made it intuitive to spend your money as sensibly as possible. Apps that find the best deals around help you spend less on your basic necessities.
In 2016, there’s no reason students should find it difficult to save. It’s much easier for us than it ever was for our parents, thanks to modern technology.
If you use the following 10 apps, you’ll be rolling in unused money (or at the very least, stay debt free).
Goodbudget is a highly popular budgeting app that utilizes the proven envelope method. Simply put, it categorizes your spending into envelopes, allowing you to keep track of what you spend, as well as plan for the near future.
This simple app helps you sell your old textbooks that you spent an obscene amount of money on. You’re never going to use them again, so take the opportunity to help someone else and make yourself some extra money.
3. Too Good To Go (TGTG)
Too Good To Go has been a hit for many phone users. It lets you buy leftover food from restaurants. Don’t worry: they’re not leftovers from customers’ plates! What you’re getting is food that would simply have been thrown away at the end of the day since it wasn’t used. It’s really cheap, and you’re helping to stop food wastage, one of the “dumbest problems” in the world.
One of the best ways to save money is by finding deals on whatever you can. But who has time to scroll through every different deals app? Redeemia brings it all to one place, well organized so as to suit your particular needs. Unfortunately it is not yet available for Android.
5. Grocery iQ
We all waste plenty of money on impulse buys, and often the reason is simply that we don’t have a detailed enough shopping list. Go shopping with a list of everything down to the shopping bags themselves, and you’ll come out with only what you need. Grocery iQ helps you do just that, with millions of products you can search through and add to your list.
Ever found yourself with plenty of money but none of it in your account? As a student, you’re inevitably going to spot your friends every so often. Getting it back, though, can be tough. PayFriendz makes it easy to send money to each other, so that you don’t have to wait for them to be around, or conveniently have cash.
You’re probably wasting money just by spending at a particular store. Finding the best prices is not easy, and it’s often more practical just to pay that bit extra. Idealo does the hard work for you, so that there’s no reason to spend more than you have to.
Technically not a money saving app, BigOven saves you money by showing you what you can cook with the ingredients you already have. Instead of buying food to make a recipe that you found online, find a recipe that suits what’s in the house.
9. Meter Readings
Most of us can save money on electricity and rates. We all waste, and part of the reason is we’re just not aware we’re doing it. Meter Readings helps you track your meters and shows you when you’re using more than you should. Unfortunately, this is another that only has an Apple app.
10. Onavo Extend
Do you have a propensity to overspend on your data plan? Too many videos in places with no WiFi? Onavo Extend helps you by compressing files into a smaller size, so that they consume less data. They claim it will save you 80% on your data plan, so it’s worth giving it a try. It seems there is not an Android app at the moment, although Onavo do have another app which tracks your data usage.
International Money Transfer Apps & Mobile Sites
Another extremely important aspect for overseas students is the ability to move money between overseas and local bank accounts easily and cheaply. These transaction are usually very costly with banks and many students (or parents to overseas students) are looking for ways to improve this aspect.
There’s a huge selection of options nowadays, because 99% of the largest companies in this field would have mobile-friendly platforms, and most of them will also have apps. For instance you can transfer money abroad from your mobile from any of the companies listed here.
It is always a smart idea to harness the power of technology to increase the saving. Since too many apps can create somewhat of an information overload, out of this list of 10 recommendations, you can pick the top 3 you most liked and give them a try.