By Radiyah Chowdhury

Managing money is not easy. When you’re a student, income comes from all sorts of places, whether it’s the annual OSAP deposit, the consistent income you make from a part-time job, or a generous parent who takes pity on your diet of instant noodles and gives you some money to buy real vegetables. And keeping track of it all can get overwhelming. While financial help isn’t usually what students look for in their potential phone apps, it’s something that definitely should be.

Mint is a free app that makes finances easier to comprehend. By gathering all your financial information in one place, you’re better able to understand how much you have and how much you owe. You can track your spending habits, investments and more.

Have you ever procrastinated on checking your bank statement, only to find unusual charges? With Mint, you’ll be alerted immediately when this happens. You’ll also be able to stay on top of potential late fees, and receive a weekly summary email of the money you spent so you’ll be better able to prepare for the week ahead.

Use more than one bank? No problem! That actually makes the experience better for you, because now everything will be in one place.

Mint also offers easy-to-follow advice based on your spending patterns and goals. They’ll help you identify and maximize on spending opportunities. Big spender? We’ve all been there. While a phone app can’t physically restrain you from overspending, it will help you budget your money better and encourage you to cut back on unneeded purchases. Give it a try and see how much you’re able to save monthly.

This will help you save for whatever your next dream is, whether it includes flights to foreign places or another degree, the ‘Goals’ feature helps you map out what you want to do and set a realistic plan for how your  finances today can help that dream come true tomorrow.

While it might be daunting to put all your financial history and information into a phone app, it’s very secure and you have the liberty to decide how much you want to share.

Mint affords the ability to put in your investments, loans, credit cards, chequing or saving accounts, and even properties. Having all of this at your disposal in an easily accessible application helps make the process of managing funds a lot less frightening. Give it a go and see how nice adulting feels — and even better, how nice saving feels!

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