6 Apps to improve safety and efficiency when managing your financials and spending while traveling abroad
If you’re the type of traditional traveler who only considers palpable things to be important when prepping for an international trip, you may find this article eye-opening. Nevertheless, even if your phone is full of money management and financial planning apps, you should understand there's always room for improving your scheme. Hopefully, the importance of sound money and financial management before and during your trip abroad is non-negotiable to you. In that case, you’re likely more quickly determining which solutions best suit your needs and budgetary requirements.
Money management and organizing are some of the most important undertakings that will determine the success or failure of your trip. Multi-purpose apps are helping you put money aside and access cashback programs, or all-in-one apps that go beyond what you may have experienced to date. To exemplify this, it’s enough to look at some apps that allow you to quickly invest in offerings like crypto, assuming the bitcoin price prediction is doing well, which are known to be great financial tools when traveling. These permit interested parties to pay for things like plane tickets or car rentals in an instant through their e-wallet.
So, peeps! This roundup introduces the top apps for managing your spending, creating budgets, and splitting costs with friends while on your adventures.
Granna
Your journey to sound financial management may not start when you depart for your trip but months in advance as you save money for your adventure. Your trip-related goals live rent-free on your mind, so let’s see how you can achieve them more easily.
Apps like Granna help you save for big-ticket achievements, such as buying a new car or financing that lavish trip. They’re perfect if you struggle to track your financial progress or control your withdrawals and deposits, helping you keep track of your transfers and expenditures throughout the process. The more money you save and set aside, the closer you get to fulfilling your dream.
You need to establish an objective, create a target for it, and introduce the amount of money you already have to accomplish your goal. As your deposits are registered, the app will offer you information and charts like your everyday balance, the amount you have yet to gross, objective comparison tracks, and so on.
Wanderlog
Similarly to Granna, Wanderlog is a great application for travelers looking for an all-encompassing solution for scheduling, arranging, and saving for the journey. The service’s collaborative planning tools and robust features make it especially suited for building well-structured itineraries and group travels. Whether you want all the hotspots plugged into a map for easier planning or see other seasoned travelers’ itineraries for inspiration, you can rely on Wanderlog to perfect your traveling plan.
Revolut
Revolut has changed how people think of sending, spending, and making savings via banks. This UK-based online money supplier presents services that resemble banks’, including a debit card and current account, only that these perks are built around travel. It doesn’t have physical bank branches since the workings are online, but it is regulated and authorized by a critical agency – the Financial Conduct Authority (FCA). You have many plans to choose from, and if you want to scrutinize the app, you can open an account in a few minutes and use the digital card until your physical one arrives, should you want the plastic card in your wallet.
Your card works in every country apart from those on the company’s restricted list, being easily usable without asking you to notify about your whereabouts. You can enjoy cash-back programs for different companies, invest in crypto and Forex, put money aside, cash in on points, and convert money automatically depending on your country, among numerous other advantages. You’ll observe the exchange rate beforehand to make the best decisions about when and how to convert your money into foreign currency. You don’t have to change the money at the time of use, but when rates seem flattering enough.
Skyscanner
Traveling on the cheapest budget possible boils down to pre-arrangements and tips to find the best deals you can grab. Spot the most affordable deals on things like car rental, accommodation, airline tickets, or attraction tickets, drawing comparisons between different price points and dates from the eyed companies.
The easiest way to save while on the go is to seek out budget-friendly services, perks, facilities, itinerary tickets, etc. Skyscanner is a mobile app and website boasting straightforward iOS and Android apps. Moreover, the service has an artificial intelligence search alternative that will offer you traveling ideas based on your needs and budget restraints. It’s a perfect tool for sparking ideas and inspiration for your journeys.
Nomad Wallet
Traveling alone allows you to visit only the places that appeal to you and spend money on what you want, including restaurants and attractions. Nevertheless, you may come across challenges like how you’ll pay for car rentals. Nomad Wallet aims to help you eliminate the hassle of organizing your travel expenditures with a user-friendly template to record every greenback used during your journey. This way, your finances become easily manageable, clearly understood, and organized.
Moreover, Nomad Wallet is a centralized platform that allows you to break down different categories, ranging from daily expenditure analysis to elaborate cost classifications.
Expensify
Expensify is great for business expenses, but it can also help you out if you want a financial perspective on your personal trip’s costs. This service works on iOS and Android and presents a different method of keeping track of records. It eliminates the need to insert every greenback used during a trip and eliminates statements and receipts clogging up your wallet.
You simply snapshot receipts, payment information, and bills and rely on Expensify to record them automatically. You can even employ Expensify to ensure you don’t squander money during your upcoming travels. While you may develop an Excel sheet for your budget, the app will remove some hassles as it is specifically designed for this job, cleaner, and better designed, so feel free to check it out.
Bottom line
As you’ll see, some of the things that make or break the success of your trip boil down to the apps you use. From apps that allow you to track expenditures to those that help you convert money at the best rates possible to those disclosing the most budget-friendly services, you’re spoilt for choice, so do your research and pick wisely!