N26 Monthly Wrap-Up: A new way to review your monthly spending

Our handy new feature lets you see what you spent, where you spent it, and how much you saved.
4 min read
Keeping a pulse on your spending can be a great way to learn about your financial habits and spot opportunities for savings. Yet tracking what you spend (and where you spend it) can be time-consuming and stressful. But what if you could get a snapshot of your monthly income, spending, and savings all in one place? At N26, we’re here to give you the tools you need to take control of your finances. That’s why we created Monthly Wrap-Up, a brand-new feature that puts you in the driver’s seat when it comes to your monthly spending. Now, you can easily see what you spent, where you spent it, and how much you saved, right in your N26 app. It’s budgeting, made easy!

What is Monthly Wrap-Up?

Monthly Wrap-Up is a new snapshot of your monthly spending, located in the Insights section of the N26 app. In it, you’ll find useful information about your spending and saving behavior that will help you achieve your financial goals more quickly.When it comes to your finances, sometimes seeing is believing. Monthly Wrap-Up gives you the keys to better budgeting in three easy steps: 
  1. Get a handle on your incomings and outgoings. Have a habit of spending more than you’ve earned each month? With Monthly Wrap-Up, you’ll see your total monthly earnings and spending in one simple chart.  
  2. See how much you saved. If you’ve got a budget that you’re trying to stick to, we’ll show you how much you saved this month, keeping you on track to reach your goals. 
  3. View top spending categories and retailers. Find out where your money is going each month, from household expenses to groceries to travel.  

How can I use Monthly Wrap-Up?

With Monthly Wrap-Up, you can review your spending from last month, note where you spent the money, and use the insights to make a plan for next month. See how much you spent vs. how much you earned, your monthly savings, and your top spending categories and retailers. And because it’s N26, it’s intuitive, beautiful, and simple to grasp. 

Review your spending from last month

When it comes to budgeting, it’s the little things that matter. That’s why we’re giving you all the info you need to reach your goals—from a dream vacation to a down payment on your first home! Want to reduce your spending? You’ll get an overview of what you spent vs. your income. This way, you can track your earnings each month and compare it to your expenditures. Saving for a specific goal? You’ll see exactly how much you saved this month compared to your budget. You’ll also be able to see what percentage of your income you spent, helping you adjust your budget for next month if needed. And if you subscribe to an N26 premium plan, you can transfer any savings found in Monthly Wrap-Up directly into a Spaces sub-account of your choosing!

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Take note of where you spent money

Sometimes, our spending habits can surprise us. Wondering if you spent more on groceries, rent, or travel? By reviewing your top spending categories, you’ll get an overview of how much of your money is being spent where. For example, you may find that the majority of your income goes toward household expenses and utilities, but your travel expenses increase during the summer months. If your spending in one category is higher than you’d like, Monthly Wrap-Up can help you recognize this and cut back for next month. Plus, we’ll show you your top retailers and how much you spent with them. This will help you to get a better handle on your spending habits from month to month. 

Make a spending plan for next month

Understanding your spending can be a great way to stick to your budget, but it’s also an excellent way to plan for the future. Have a savings goal you’d like to work towards? Track your insights month to month to see how they change over time. This will help you understand your spending tendencies, and whether you can save even more. And if you’ve got specific goals in mind, N26 has all the tools you need to reach them. Use Spaces to create up to 10 sub-accounts to set aside money for your unique goals, and use Rules to set aside a portion of your monthly income automatically. Our Round-Ups feature even lets you set aside spare change by rounding up each card purchase to the nearest euro.

Where can I find Monthly Wrap-Up?

You can find Monthly Wrap-Up in the Insights section of your N26 app. Simply open your app, and tap Insights at the top right-hand corner. There, you can tap the icon at the top to see your Monthly Wrap-Up. It’s that easy. 

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