Best Budget Apps for Students (Free Apps List)
Managing money as a student is not easy. Limited pocket money, rising food costs, travel expenses, online subscriptions, and unexpected fees can make your budget go out of control. The good news? There are many free budgeting apps that help students track expenses, save money, and avoid overspending.
In this article, you will discover the best free budget apps for students, how each app works, and why they are useful for daily money management.
Why Students Need Budget Apps?
Students face several financial challenges:
Limited monthly allowance
Increase in hostel, food, and travel costs
Online shopping temptations
Lack of money management skills
Forgetting expenses
Budget apps help you:
✔ Track where your money goes
✔ Set spending limits
✔ Save more every month
✔ Avoid unnecessary expenses
✔ Build good financial habits early
1. Walnut – Best for Automatic Expense Tracking
Walnut is one of the most popular budgeting apps in India.
It automatically reads your SMS and tracks:
Bank balance
UPI transactions
ATM withdrawals
Online payments
Monthly expenses
Key Features
Auto-expense tracking
Bill reminders
Monthly spending report
Split bills with friends
Why it’s good for students?
You don’t need to write expenses manually. Everything gets tracked automatically.
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2. Money Manager – Best for Students Wanting Full Control
If you like to manually track every rupee, Money Manager App is perfect.
Key Features
Add daily income and expenses
Create categories like food, travel, recharge
Compare weekly and monthly spending
Simple and clean interface
Why it’s good for students?
Perfect for hostel students who want an organized money record.
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3. Google Sheets – Best Free Custom Budgeting Tool
Google Sheets is free and flexible. You can create your own budget template.
Key Features
Fully customizable
Cloud storage
Automatic calculations
Free forever
Why it’s good for students?
You can create your own daily expense tracker and share it with friends or parents.
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4. Goodbudget – Best for Planning Monthly Allowance
Goodbudget uses the “envelope system.” You divide money into categories like:
Food
Travel
Savings
Recharge
Entertainment
Key Features
Expense envelopes
Sync across devices
Monthly spending report
Why it’s good for students?
It prevents overspending in any one category.
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5. Splitwise – Best for Hostel & College Friends
If you share food, travel, rent, or subscriptions with friends, Splitwise is a lifesaver.
Key Features
Track group expenses
Calculate who owes what
Send reminders
Useful for trips and outings
Why it’s good for students?
No more money fights or confusion among roommates.
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6. Jupiter Money – Smart Savings for Students
Jupiter is a modern neo-banking app with smart money tools.
Key Features
Track UPI spending
Auto-savings
Cashback on payments
Monthly insights
Why it’s good for students?
Helps you save money without extra effort.
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7. Fi Money – Best for Goal-Based Saving
Fi Money is popular among students who want to save for specific goals like:
Buying a phone
Buying a bike
College trip
Emergency fund
Key Features
Smart saving jars
Auto-save
-Free-to-use tools
Why it’s good for students?
Helps you save automatically without thinking much.
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8. Monefy – Simple & Fast Expense Tracker
One of the easiest apps for quick daily entries.
Key Features
One-tap expense entry
Colorful categories
Expense charts
Why it’s good for students?
Great for beginners who want a simple budgeting app.
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9. Paytm Money – Best for Students Starting Small Investments
This app is mainly for investments, but it also helps with expense tracking.
Key Features
Track UPI payments
Auto-categorize expenses
Start SIP with ₹100
Why it’s good for students?
Manages money + encourages saving and investing.
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10. Notion Budget Templates – Best for Organized Students
If you love planning, Notion is excellent.
Key Features
Budget templates
Expense calendars
Notes + finance in one place
Why it’s good for students?
Best for students who want everything organized in one app.
Which Budget App Should You Choose? (Summary Table)
App Name Best For Free?
⬇️ ⬇️ ⬇️
Walnut: ( Automatic expense trackin. ) ✔
Money: (Manager Manual tracking.) ✔
Google Sheets: (Custom budgets.) ✔
Good budget: (Monthly planning.) ✔
Splitwise: (Group sharing.) ✔
Jupiter Smart: ( savings. ) ✔
Fi Money: Goal-based savings. ✔
Monefy: (Simple tracking.) ✔
Paytm Money : (Expense + investing) ✔
Notion: (Full organization.) ✔
Final Words
Budgeting apps help
students control money, reduce waste, and build strong financial habits. Whether you want automatic tracking or simple manual entry, these apps can make your life easier and your savings bigger.
Start using any one of these apps today and take your first step toward better financial management!
If you like these topics please checkout my: 🧾What Is UPI? How It Works, Benefits & Hidden Features (2025 Guide)
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