Best money apps is another popular topic for digital nomads.
Are you a digital nomad looking for ways to manage your finances while on the road?
Money apps can be an invaluable tool, as they allow you to easily track and manage your money no matter where you are. With so many different options available, it can be difficult to know which ones are best suited for your needs. In this blog post we will look at some of the most popular money apps for digital nomads we use and discuss how they can help make managing your finances easier than ever.
Read on to learn more about the best money and budgeting apps for digital nomads!
7 Money Apps for Digital Nomads
Navigating financial matters while traveling can be a daunting task, and thankfully there is an abundance of helpful tools to assist us. With so many money apps available on the market, how do you determine which ones are optimal for your needs? From budgeting tools to banking apps, there is something out there that can help every type of traveler stay on top of their financial situation.
To ease the process, we have rounded up some of the best money apps.
These are the apps we personally use and recommend.
1. Expenses OK
Expenses OK is a no-frills expense-tracking app.
In search of an expenses app on the App Store, we sought a user-friendly platform with a straightforward interface. All we wanted was something to log our costs and provide us with monthly reports that display how much money has been spent overall. Our quest is complete; this app checks off both requirements!
Expenses OK is the best budget app for us.
If you love simple and straightforward, this one is for you.
2. XE Currency
Best app for up-to-date currency exchange rates. Period.
XE Currency offers real-time exchange rates for over 180 currencies, as well as historical charts and graphs that allow users to track currency trends over time. Users can also set up alerts to notify them when certain currencies reach a specific rate.
What we like the most about this app is its ability to display exchange rates for multiple currencies. This feature was especially helpful when we were in Laos just recently (after spending 3 months in Thailand); with it, we could compare the cost of items there not only to Euros but also Thai Baht, which gave us a more comprehensive understanding of our expenses!
3. Revolut (Bank Card + App)
We use Revolut everyday and for everything.
Overall, one of the best all-in-one money apps for digital nomads. Revolut app offers multi-currency accounts with no hidden fees and real-time exchange rates. It also allows you to transfer money to other users instantly and withdraw cash from ATMs worldwide without incurring any fees.
The app offers a comprehensive suite of financial services, including making and receiving payments in multiple currencies, managing budgets and expenses, and investing in stocks and cryptocurrencies. Revolut app also provides access to international bank accounts with no foreign transaction fees, allowing users to save money when transferring funds across different countries.
One of the best things about Revolut is that you can see all your expenses laid out in a comprehensible format. Plus, we love the ability to send money with a single click, and the ability to receive funds from another Revolut user in seconds. The ‘Split the bill’ feature is also useful — it allows you to effortlessly share expenses with your traveling companions.
You can easily top up your Revolut account using other bank accounts (we have bank accounts in Swedbank Latvia; Revolut works well with Swedbank). Revolut also provides a bank account number, so that funds can be sent to your account “the regular way”.
4. PayPal
PayPal is an online payment system that allows you to send and receive money online.
It’s widely accepted around the world and can be used to pay for goods and services, as well as to send money to friends and family.
PayPal is widely accepted by online retailers around the world, making it easy for consumers to make purchases without sharing their credit card information. PayPal allows users to send money to anyone with an email address or phone number, making it a convenient way to split expenses, send gifts and make international payments. You can use PayPal to book hotels and flights, too.
If you are a content creator, you can set up a donation page on Paypal.
5. Splitwise
Splitwise is an app designed to simplify the process of splitting expenses among friends, family, or roommates. It allows users to create groups and keep track of shared expenses, such as rent, utilities, groceries, and dining out. The app calculates each person’s share of the total cost and keeps a running balance for each user. Splitwise also sends reminders for outstanding debts and allows users to settle up via PayPal or Venmo.
With Splitwise PRO, you’ll gain access to extra features like receipt scanning, eye-catching charts and graphs, as well as currency conversion.
6. Buy Me a Coffee
If you are a content creator, you might already know about Buy Me a Coffee.
It is a platform that enables users to collect support and donations from their followers.
On one of our Instagram accounts, we actively advertise our Buy Me a Coffee page so that everyone who appreciates the valuable content such as our travel advice or lengthy travel vlogs can give us back in return by buying us coffee or two! As you might know, creating content is a lot of work, especially if it’s a quality content. We sincerely thank all of those who have used our services and are always grateful for them supporting us with coffee.
You can also sell services on the same platform.
A good alternative to Buy Me a Coffee is Ko-fi.
7. Apple Wallet
Not really a money app, but we still want to mention it.
Apple Wallet (Google Pay is the equivalent for Android users) is a useful tool for anyone who wants to keep their bank and loyalty cards, tickets, mobile boarding passes and other information in one place and easily accessible from their mobile device.
One of the key benefits of Apple Wallet is its convenience. It eliminates the need for physical cards or paper tickets, allowing users to quickly access their digital items with just a few taps on their phone. It’s also secure since it uses encryption technology to protect sensitive information.
The best feature for us (which we use nearly every day) is the contactless payment option. When shopping in-store, look for the contactless payment symbol (three curved lines) at the checkout. Hold your iPhone near the reader, and your card information will be transmitted to the terminal to complete the transaction. This is how you pay with Apple Pay! The feature is available also on latest Apple Watches.
You can also use Apple Pay for online and in-app purchases. When shopping online or in an app, look for the Apple Pay button at checkout. Tap the button, verify your purchase with Face ID or Touch ID, and your card information will be transmitted to complete the transaction.
Apple Wallet allows you to manage your transactions, too. You can view your transaction history and manage your cards in the Wallet app. You can also set up notifications for purchases, so you can stay on top of your spending.
We use Apple Wallet almost every single day.
Whether you are a digital nomad or simply want to stay on top of your finances while traveling, there is an app for that! With the right financial apps, it can be easier than ever to stay in control of your money – no matter where you are in the world!
Read more:
- Best Productivity Apps for Digital Nomads
- Best Travel Apps for Digital Nomads
- Best Communication Apps for Digital Nomads
Featured photo by Brett Jordan from Pexels