You’re about to embark on an exciting (and expensive) journey as an incoming law student. That means it’s time to think about your finances for the next three years. Starting law school with a realistic budget is a great way to avoid taking on extra debt in the future. Plus, learning how to budget early on can help set you up for success for the rest of your life. Here are five apps that can help you create a law school budget.
For Creating Your Budget: Mint
Mint is the holy grail of budgeting apps. This app is an all in one money management platform that allows you to create a budget and track your spending, all while teaching you how to be more financially responsible. Whether you’re trying to get out of debt or just want to learn how to budget more effectively, you should give this app a try.
For Getting Out of Debt: You Need a Budget
Tired of living paycheck to paycheck? You Need a Budget is built to teach you how to live within your income and stay disciplined. The app sets you up with a built-in accountability manager that keeps you on track and offers helpful information throughout your budgeting journey. If you’ve had trouble sticking to a budget in the past, this is the app for you.
For Managing & Paying Your Bills: Prism
Prism allows you to track and manage your monthly bills, all in one place. If you’re having trouble keeping track of your bills and when to pay them, this is the app for you. This app makes it easy to organize your bills and stay on top of monthly expenses. You can also pay your bills through the app, saving you a little time that you can put towards your case reading. Trust us, you’ll need it!
For Taking Control of Your Finances: Clarity
Clarity is a budgeting app made for millennials. With a stunning interface, this app makes it easy to track monthly expenses, credit card debt, and gives you options to open a savings account. This app is designed for beginners only, as it’s savings and management options are not very robust. If you’re looking for something to help keep you on track that isn’t as structured as Mint or You Need a Budget, this is the app you should download.
For Saving & Investing Money: Acorns
Acorns is a unique app that helps you save money every day, without even noticing. Every time you make a purchase with a card connected to the app, Acorns rounds it up to the next highest dollar and automatically invests the difference in a portfolio of low-cost exchange-traded funds based on your risk preference. Acorns makes it easy to save money, a few cents at a time.
