October 3, 2016
Making a budget can seem like an intimidating task, but the reduced stress and sense of accomplishment you’ll feel by getting in charge of your finances always pays off. Here are five free online and mobile tools you can use to track expenses and increase your financial health.
Mint is a great option because of its intuitive setup and visually-appealing display. It lets you create budgets, see your bills, manage your debt, and set savings goals. Mint also makes recommendations based on your particular financial situation that could potentially improve your credit score. It also sends email reminders about large transactions and upcoming bills.
If you love your gadgets, Personal Capital might be your favorite option. It works on desktop, tablets, mobile, and even smart watches. Whereas Mint lays out clear budgets and goals, Personal Capital is more about showing you the metrics and graphs about your cash flow, net worth, and investments over a longer period of time. It’s a great bet for anyone interested in building a stock portfolio.
Buxfer is another budget tool with simple, attractive visuals that can help you see where your money is going. Helpful pie charts and itemized lists of purchases will let you realize at a glance that your daily $4 lattes really do add up. It will also send you a real-time alert if you go over your budget for any spending category.
Budget Simple prides itself on being just that — simple. There’s very little visual clutter when using this tool, so it’s easy to get a clear picture of where your money is going in various spending categories. It also makes suggestions based on your unique data that could help you cut costs and save up for big purchases in the future. Like most of the tools on this list, Budget Simple is free but upgradable should you choose to unlock more features for a small monthly fee.
Spendee has a few special perks that set it apart. In addition to being mobile and watch friendly, it lets you use hashtags to tag certain types of spending for easy searching later. It also has a shared wallet feature in case you split your finances with a spouse or other family member. Another reason Spendee might be perfect for international students like you is that it has a “travel mode.” This means all currencies are supported and you can keep tracking your expenses no matter where you are on the planet.
Once you pick the tool that works best for you, be sure to stick with it and make using it part of your weekly routine. While you work on getting your finances in perfect shape, you may run into difficulty applying for a credit card in the U.S. if you do not have an SSN. ModernLend is the credit card optomized specifically for global citizens like you. Join our waitlist and start building your credit score right away.