June 17, 2022

Apps For Tracking And Saving Your Money In Coliving

Pretty hard to save money without an expense tracker app when you’re a migrant, right? We know, bro. Because neither do you get to hear the bone-chilling taunts of your mum. Nor do you get the death stare from your dad to keep your expenses in check. But that’s okay. It’s only your first time in a co-living space. And thankfully, now you’ve got the option of something better (and less hurtful) than your folks’ taunts and death stares i.e the best money management apps to track and save every last penny.

And yep, we know what it’s like living away from home. Only because we, at Stanza Living, have built more than 450+ second homes (co-living spaces and managed flats) for young folks like you. So we know exactly what you want and sort of realize how you like to function. It’s how we’re able to tell which of the money-saving apps will suit you the best. So don’t wait no more. Read on about the 3 best money-saving apps. So you don’t avoid checking your UPI balance anymore lol.

Best Apps to Track and Save Your Money in Co-living

Top 3 apps to track and save your money in co-living in 2022 are:

Looking for a place to stay that gives you the best bang for your buck? Check out our Stanza Living residences and managed flats.

Wallet

When it comes to money management apps, you don’t want to use an interface that looks like it came straight outta Windows 98. But with Wallet, you don’t need to. They have a solid interface that links to your bank account. And records every bit of your monthly expenses. But here’s the best thing about Wallet, it has a ‘Was it Worth it feature which produces a score based on your recent purchases. Now, now, we know you might be terrified of it, but it’s a good way to build a habit of saving. Also, most features of Wallet are free. Though for the premium ones, you have to pay a sum of Rs. 210 per month. Sounds too much? Well, it takes money to make money, we guess.

Walnut

Even though the app’s been named ‘Walnut’, learning to use its features is no tough nut to crack. Promise. On top of that, it’s got multiple features that send you timely reminders for your bills. Helps you locate ATMs nearby. And also keeps track of your expenses when you’re traveling in a group. Basically, when you use Walnut, your trips don’t end with talking about who-owns-whom and by how much. The coolest way to keep that friend who doesn’t get the meaning of ‘budget’ in budget traveling.

Monefy

Monefy is one of the best expense tracker apps out there. Especially when you’re sharing a room with a roomie, or two, in a co-living space. Mostly because when every little expense is divided between you lot, it gets hard to keep track of the numbers. It’s why Monefy uses colorful pie charts to display your spending and your spending behaviors. Also, it’s so accurate that even those jewelry shopkeepers – who keep counting and licking notes upon notes – can’t seem to beat it. So think no more, get Monefy asap.

FAQs on Best Apps to Track and Save Money

Which are the Best Expense Tracker Apps?

Weve asked a lot of young users, and these are the top 3 expense tracking apps weve found on both iOS and Android:

  • Wallet
  • Walnut
  • Monefy

Which are the Ways I can Save Money Together with My Roomie?

If you and your roomie manage to stay on the same page, then these are a few ways you can get some savings done together:

  • Shop for the Whole Month
  • Order Less. Cook More.
  • Plan your commute together
  • Share stuff with each other
  • Keep a coin jar at home

What are Things I Should Carry for My First Week in a Co-living Space?

Things you must carry for your first week in a co-living space:

  • Cleaning Supplies
  • Tool kit
  • Toiletries
  • Extension Cords
  • First Aid Kit

How Much Should I Spend On Rent?

We get it. When youre leaving your hometown for the first time, you dont know anything about managing finances, let alone rent. So these are two rules you can follow to calculate your rental budget:

  • 30% rule
  • 50-30-20 rule

Which is the Best Rent Saving Tips for Mumbai?

Mumbaikars keep asking this question. And we continue to provide the best possible answers. So here are the best rent-saving tips to follow when you live in Mumbai:

  • Find a cheaper neighborhood
  • Do apartment-hunting in the off-season
  • Get a roomie
  • Look for fully furnished accommodation and prioritize amenities
  • Talk to the landlord – and read the Agreement – properly
  • Take a longer lease or negotiate when you renew your lease
  • Avoid brokerage
  • Referral fees
  • Save on electricity
  • Make sure to get the security deposit in full
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