The Best Finance Products & Tools for Digital Nomads & Remote Workers in 2020
If you’re a remote based professional, you probably use multiple tools on a daily basis: to communicate with your team to organize your projects, plan out your to-do lists, hold meetings with clients… the list goes on.
Even if you’re just starting your remote work journey, one simple Google search and you’ll find plenty of resources on which platforms you should be using.
However, there’s one type of tool that isn’t always mentioned in these resources and that is just as essential as any other: the specific financial products.
As a digital nomad, you become responsible for monitoring your business’s finances, and without the proper products, things can get confusing really quickly. Plus, you might end up having clients that use a different currency than yours, and you want to make sure you lose as little money as possible with the exchange rates and bank fees.
The Different Types of Finance tools for Remote Based Professionals
Four types of finance products for digital nomads you should definitely look into are:
Mobile banking apps
Like N26 or Revolut. With this type of app, you’ll be able to manage your bank account and make transfers no matter where you are. You can read a complete post about banks and cards for digital nomads: Best Mobile Banking Apps and Debit Cards for Digital Nomads.
Just think about it: how often you have to create new invoices. Using an app like Invoice Ninja will help you stay on top of all payments and make sure all your invoices are organized and easily accessible. You can also read our Invoice Ninja review.
Online money transfer tools
Transferwise is a great choice, as it allows you to send and receive money at the lowest cost possible, even between different currencies. Check this post with 5 Online Money Transfer Services.
As you probably know, your salary can vary a lot from month to month. Using a budgeting app like Personal Capital will help you avoid overspending and make sure you always have money, even when work is scarce.
Keep exploring this page and discover even more financial tools for remote workers!
Don't see yet your favorite finance apps or tools? Submit your own preferred finance tools and leave reviews for them to help other teams find the right platform for their remote work.