Monitoring your Spending

Living and studying in London is far from cheap. Not only do you have to pay for tuition fees, but accommodation, food, and travel all add up. And then there’s trying to have a social life in order to be able to take a break from your study. As such, staying on top of your finances is key to ensuring that your time in higher education is about more than simple survival.

Thanks to the rise of smartphones, keeping track of your expenditure is easier than ever, with a selection of apps for iPhones and Android devices available to monitor how much you’re spending and when. Below are just a few of the best and most popular apps currently available to help you keep an eye on your spending.

GoodBudget

Cost: FREE
Operating system: iOS, Android

Adopting the traditional ‘envelope budget’ system of maintaining your finances but putting onto your handheld device, Good Budget enables you to specify certain amounts for each expense; food, bills, rent, etc. and helps you keep track of what you’re spending and where.

Spending Tracker

Cost: FREE
Operating system: iOS, Android

Similar to GoodBudget, the Spending Tracker app for iPhone and Android enables you to monitor your income and expenditure. This app provides graphical representations of where your money is being spent, and helps identify where savings can be made.

Daily Budget Original

Cost: FREE
Operating system: iOS, Android

For a simple and easy overview of your spending, Daily Budget Original is the perfect choice. As the name implies, this app calculates a daily budget for you based on your income and expenditure. This is a great means to accumulate savings and limit spending, and its easy-to-use interface will prove rewarding in more ways than one.

Pocket Expense

Cost: FREE
Operating system: iOS, Android

Providing a visual overview of your spending, the Pocket Expense app lets you manually enter your income and purchases, helping you keep a record of where your money is going. Though this requires more work on your behalf, having to write down individual transactions will help you see precisely where your money is going.

Contact UKCBC at either London or Essex for More Information

For more tips and advice on controlling your spending during your study, you can contact the team at UK College of Business and Computing today. We always aim to provide our students with valuable advice, so we’ll do all we can to ensure we’re able to answer any questions you may have. Get in touch now for further details. Also, check out our other money saving blog posts; Cheap Days and Nights Out for Students in London.

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