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As a college student I’m very aware of the financial struggle we all go through. In a sad attempt to try and keep track of my money I would always try to keep track of my spending in my head, but that never turned out too well. I would always either go over my budget or lose track of everything I spent altogether. So I finally decided to download an app for my phone to help me keep track of my budget, and these are my personal favorites.

1. Toshl Finance

The reason I love Toshl Finance is because of its easily understandable user interface. When you first start up the app, cute little monsters pop up and guide you through the registration process, which is quick. Next, you make a budget for yourself and you can decide how long that budget will last (weekly, biweekly, monthly, etc) and that’s it, you’re all set to start spending. Every time you enter in what you spent you can put a tag on it (i.e. food, bills, books) which makes it easier to categorize. A neat feature Toshl Finance has is being able to set daily reminders for yourself to enter in your spending just in case you forget (like I always do).

2. Pocket Expense

Pocket Expense is very business-oriented and gets straight to the point. When you first start the app, you create a budget account for yourself and you’re all ready to go. It keeps all your spending on a really easy to read pie chart and everything is sorted into categories as well. A feature I really liked in Pocket Expense which Toshl Finance didn’t have was a “bills” section. Here it displays all the bills that have been paid or still need to be paid.

3. Mint Personal Finance

Mint Personal Finance is somewhat complicated to use at first just because of the sheer amount of information that you get bombarded with when the app is first started. You have to create an account, but what makes Mint stand out from the rest of the apps is the ability to link your bank account with it. Mint gets very intricate with the way it budgets, and what I mean by that is that you get the standard categories like gas or food and you can make a budget for each category. So, you can have seven categories with seven different budgets at once! Mint also emails you a monthly summary just to show how much you spent.

4. Lemon Wallet

Lemon Wallet is a very nifty app to have to store all of the info from your cards on your phone. You can have your credit card, driver’s license, and even your insurance card all stored in one app. Not only is Lemon Wallet a good digital wallet to keep, it’s also another very good finance app that keeps track of what you spent and where you spent it as well.

The Final Verdict…

There are advantages and disadvantages to all of them. Try all four and see which one you like the best!

What are your favorite budget tracking apps?

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