We are happy to announce that our latest travel app, Nomad Budget is finally here! For the last several months, Nathan and I have been tapping away at our keyboards here in Thailand trying to build the travel budget app we’ve always wanted. After many cups of coffee and a countless amount of late nights, our app is finally here and we are super excited to tell you all about it.
Nomad Budget is an expense tracker that we made to keep track of our spending while abroad. This travel budget app has been a very valuable tool in our lives and we’re hoping it will help other travelers save money.
Our Travel Budget App
As most travelers can attest, keeping track of your expenses while abroad (in foreign currencies) can be very tricky. Not to mention, it’s hard to keep those nagging urges to splurge under control. To solve this problem, we decided to create a budget app that would effortlessly help nomads stay on top of their finances!
In this article, I’ll explain our journey into tech as well as our motivation for creating this handy finance app. I’ll also explain how Nomad Budget can help travelers manage their personal finances more conveniently and potentially save them money along the way.
Make sure to read this article all the way to the end because I’ll explain how you can download our finance app to try it out for free!
Our Journey into Tech
From the very beginning, Nate & I have always been interested in tech. When we took off for this around the world trip, we were eager to create a new life for ourselves centered around our passion for travel.
At the time, Nate was working remotely for a tech start-up while we explored Indonesia. Our evenings were sucked up by monotonous business meetings held in the wee hours of the morning.
We were eating dinner one night and the business card for the restaurant had a quote printed on the back.
“You don’t always need a plan. Sometimes you just need to breathe, trust, let go, and see what happens.
It may have been a simple message, but it had a profound effect on us.
Our Life Changing Moment
Days and then weeks passed. Nate kept that little quote tucked away in his wallet. We were in Delhi India when Nate decided to quit his job and venture into the world of entrepreneurship.
I had already quit my job analyzing investments a couple months prior, so we were officially free from any outside commitments.
The road ahead was going to be twisted and uncertain, but we agreed it was the best option for our future. Fast forward a year later, and we are happily working on our second iOS app!
What is Nomad Budget?
Nomad Budget is travel budget app. Essentially, our app is for frequent travelers who need to manage their budget in any currency.
As full-time travelers who are on a strict budget, we needed an app that could help us manage our finances while on the road. Nate & I found the current finance apps on the market ill suited for our needs so we decided to solve our problem by creating Nomad Budget.
How does it work?
Nomad Budget helps us keep track of everything we spend our money on. In fact, budgeting has become a part of our daily routine.
After purchasing a cup of coffee or eating lunch, we quickly jot down our expenses into the app and it archives this information for us later. Now we now exactly when we are overspending or have remaining funds.
Nomad Budget is a travel budget app that works in any currency all around the world. It allows you to enter their daily budget and the app will automatically calculate your monthly budget.
It allows travelers to enter foreign expenses and then it will instantly convert those values into your home currency so that you know exactly how much you’re spending. Also, travelers can see their remaining budget displayed on the dashboard at any time along with helpful charts.
Nomad Budget offers unlimited custom categories so you can add a new category or edit an existing one. The spending by category graphs enables travelers to see and track their spending habits.
Lastly, this app offers a multi-day expense feature. You can spread large amounts over a longer period of time. This is great for costly items such as flights, visas, or tour packages that need to be allocated over days, weeks, or even months.
Here is a short list highlighting some helpful features in Nomad Budget.
- A custom budget tailored just for you
- Choose from 150+ foreign currencies
- Works completely offline
- Ability to enter multi-day expenses
- Create custom categories
- Beautiful graphs & reports
- Shows your spending by category
- Keep track of your travel expenses in a snap with our nifty dashboard!
The New Normal – Digital Nomads on a Travel Budget
We noticed that a lot of folks our age (between the ages of 25-35 years old) are traveling a lot more frequently these days. The old normative of having a 9-5 job and showing up to work with a tie and polished shoes is receding in our memory.
Things are changing. What is the new normal? The new normal is digital nomads, remote workers, and freelancers who have a hunger for world travel. Not only are people our age traveling more, but statistically they have less money than older generations. The zinger is that although they have far less in their bank accounts, studies have shown that they travel for longer periods of time.
Our cohort are typically not tied down by children, mortgages or long-term jobs. Consequently, we have more time on our hands – and this is undoubtedly a good problem to have.
Essentially, our generation is time rich. So how is it possible to have less money and yet stay in a country for a long period of time? It all comes back to the idea of having a travel budget. If you stick to a budget, you can stretch your savings better than if you didn’t. And this is exactly what Nate & I are doing.
We stick to a $50 total budget per day and we have been able to travel all around the world without any stress or hang ups. We have noticed that when we watch our spending on a daily basis, we tend to spend drastically less.
This is where Nomad Budget comes has come to our rescue! Our travel budget app helps us tremendously to stick to our budget by letting us know when we have overspent or having remaining funds.
How you Can Support Us
Nomad Budget is our first travel app and we are super excited to share it with you! Before this, Nate built a retro endless runner game which was a lot of fun to make. We decided we want to dedicate our time to building software for fellow travelers.
We are beyond thrilled to announce that Nomad Budget is now available. If you would like support us, you can download this app in the iOS store and give it a try.
You can enter your first 25 expenses for free and if you find the app useful, you can purchase the Full Version for unlimited expenses. Pretty neat, right?
Lastly, we would be eternally grateful if you could write a review for our travel budget app on the Apple Store. This is the best way to help us out as a newbie software company. 😉❤️ We hope you enjoy using Nomad Budget on your future travels!
Download Nomad Budget here.