University is a time for students to learn more than ever before in more ways than one, academically, professionally, socially and financially. With less parental support and more expenses than ever, students have to be aware of their finances like never before. They may not be ready to hire chartered accountants London just yet, so students need to aware of their funds and manage them in the right way. Looking after your money isn’t hard; it just takes a bit of practice and the right tools. Manage your finances with these financial tools that every student needs.
- Budget Apps – Keep on top of your daily, weekly and monthly finances using a budgeting app. Link your accounts to it and the app will let you track expenses, give you amounts you can spend each day, notifications when you spend too much, savings towards goals, and much more. Great budget apps include Mint, Moneydance, and Check.
- Peer to Peer Payment Systems – As you become more social in university, owing and loaning money to your friends is very likely as you turn up at venues that only accepts cash or you need to split a bill. Get your friends to repay you and stay on top of what you owe by using P2P payment systems. There are a huge amount of apps out there that are free or charge a small fee to send money to friends such as PayPal, Venmo, Dwolla, Share-A-Bill, WePay, Square and GoPayment.