My favorite Drugstore/Affordable Setting Loose Powders are:
On all these setting loose powders I actually own 2 colors a light (translucent)and a medium, one for winter where my skin gets lighter and one for summer where my skin is more tanned/bronzed. All three of these powders creates a smooth and soft looking skin, they all eliminate shine, and allow my liquid foundation to stay put without the oil and shine for well over 8 hours.
How to Apply? Well as you can see in the picture above these setting powders are loose so you either need a powder puff or a brush. These I believe come with a powder puff but i prefer a brush because I feel like the product blends a lot better and with a lot less effort! All of these setting powders are very easy to work with and blend perfectly into the skin, to create a natural look, and not cakey at all!