In the current paper, the consolidation settlement of a strip footing over a finite layer of saturated soil has been studied using the finite element method. In Biot’s coupled consolidation equations, the soil deformation and excess pore pressure are determined simultaneously in every time step which refers to the hydro-mechanical coupling. By considering a constant total stress throughout the time and by assuming that volume strain is a function of isotropic effective stress, uncoupled consolidation equations can be obtained using coupled consolidation equations. In these uncoupled equations, excess pore pressure and deformation are determined separately. In this approach, the excess pore pressure can be identified in the first stage. Using the calculated excess pore pressure, the soil deformation is determined through effective stress-strain analyses. A computer code was developed based on coupled and uncoupled equations that are capable of performing consolidation analyses. To verify the accuracy of these analyses, the obtained results have been compared with the precise solution of Terzaghi’s one-dimensional consolidation theory. The capability of these two approaches in estimation of pore water pressure and settlement and to show Mandel-Crayer’s effect in soil consolidation is discussed. Then, the necessity of utilizing coupled analyses for evaluating soil consolidation analysis was investigated by comparing the coupled and uncoupled analyses results.