Unlock your best summer yet with Spaces

Unlock your best summer yet with Spaces

Enjoy all your sunny adventures without any financial stress.

JULY 09, 2024

6 min read

Summer: a word that conjures images of sun-soaked beaches, laughter-filled road trips, and evenings that stretch lazily into the night. It's the season of warmth and potential, and while we're all for spontaneity, a bit of financial foresight can turn sunny aspirations into reality. Enter Spaces, N26’s in-app feature that will become your summer planning essential. Imagine having a team of mini-money managers, each dedicated to turning your summer dreams into a reality. Intrigued? Let's explore some fun ways you can use Spaces to create an unforgettable summer.

Why Spaces are your perfect summer companion

Spaces are a constellation of sub-accounts orbiting around your main account, each with its own purpose, goal, and IBAN. Think of them like your personal collection of virtual piggy banks but with superpowers. In essence, each Space is a dedicated mini-account where you can stash cash for anything from a summer holiday to your emergency fund. You can create up to 10 sub-accounts, and setting goals for each Space is a breeze. You can visualize your progress, getting a satisfying nudge every time you get a step closer to hitting your target. Spaces is the ideal summer planning companion. It transforms how you engage with your money, making financial goals attainable and fun to reach. Here are eight ways you can use Spaces to get the most out of your Summer season.

1. The ultimate road trip fund

Road trips are the stuff of legend, a chance to explore the unseen corners of our world with your favorite companions. But between gas, accommodation, and those irresistible roadside diners, costs can add up. That's where your 'ultimate road trip’ fund comes into play. Simply set up automatic transfers from your main account each payday and slowly build your escape fund without feeling the pinch. And because each Space comes with its own IBAN and Shared Spaces feature, your travel companions can easily send money to contribute to the collective pot. By the time you hit the road you can simply divide expenses for that vintage motel or kitschy souvenir, making financial logistics a part of the adventure, not a roadblock.

2. The festival savings pot

Festivals embody the spirit of summer—music, art, and communities coming together. Yet, the experience can be dampened by financial woes. Creating a festival savings pot can help you budget for everything from tickets and camping gear to transport and extravagant festival outfits. With the ability to link your N26 card directly to any Space you choose, you can enjoy the festival without overspending. Use the Shared Spaces feature so your festival squad can manage expenses together, ensuring everyone contributes to the communal tent or snack fund, amplifying the joy of shared stress-free experiences.

3. The ‘oasis project’ nest egg

Why not turn your backyard or balcony into a personal summer retreat this summer? Think of your ‘oasis project’ nest egg as a budgeting tool for creating that dream summer-friendly space—be it for plant upgrades, new outdoor furniture, or even a BBQ grill. When customizing this Space, select the little succulent icon to help you set your intention of creating the ultimate chill-out zone. To gather enough funds to make the project more ambitious, consider making it a collective endeavor and engaging your family or housemates in this fun summer scheme.

4. The foodie fund

Food is a gateway to cultural exploration, and summer offers the perfect backdrop for culinary discoveries. By creating a foodie fund, you earmark savings to splash out on a gastronomic adventure—without the financial food coma. Whether you want to check out the newest eateries in town or save towards cooking classes that sharpen your chef skills, the foodie fund will help you enrich your taste buds this summer.To boost your foodie fund, consider utilizing the automatic payments feature to put away a small amount after you receive each new paycheck. Before you know it, you’ll have a savings pot large enough to fund a feast!

5. The introvert’s summer savings supply

At the height of summer, there's something to be said for those quiet nights in, where relaxation is the only item on the agenda. This is where an introvert’s summer savings stash can come in handy. From shelling out on a streaming service, the new video game everyone's raving about, or stocking up on a few good books, this savings fund covers you for the perfect summer evening in. Plus, with the Round-Ups feature, even your smallest purchases can contribute to your introvert’s fund. Round Ups rounds each transaction up to the nearest euro and deposits the difference into the Space of your choice. This smart saving tool turns everyday spending into a way to enhance your ‘me’ time.

6. The entrepreneurial launchpad

For some, summer ignites a spark of ambition and entrepreneurship. If you've got a business idea brewing, think of this Space as your financial incubator. Beyond saving, the entrepreneurial launchpad allows you to manage your budding enterprise's finances precisely. Invite collaborators with Shared Spaces, making it easy to manage start-up costs collectively. Use automatic transfers to fund your venture consistently without the mental load of remembering to save. This Space isn’t just about setting aside money; it’s about laying the groundwork for your ambitions so that once the Summer is over, your project is ready to launch.

7. The sustainable summer kitty

Summer is a fantastic time to embrace sustainability, whether through fashion, travel, or lifestyle choices. Think of this Space as a way to fund any and all eco-friendly initiatives. This could mean anything from investing in a capsule wardrobe of second-hand summer clothes to funding travel via trains instead of planes for that low-carbon footprint journey. Use this Space to challenge yourself and friends to think green, allocating funds for sustainable products, local farm-to-table dinners, or even a composting system for your home.

8. The community contribution chest

This summer, why not focus outward and use a 'community contribution chest' Space to give back? Summer brings numerous opportunities to support local charities, community projects, or environmental clean-ups. Allocate a portion of your income to this Space, and watch as your contributions help make a difference. This could involve funding a local youth sports team, supplies for a community garden, or donations to a beach cleanup effort. Engage your friends and family by sharing this Space and making collective contributions to causes that resonate with your community. By investing in the well-being of your community and environment, you can spread the warmth of summer far beyond your immediate circle.

Your money at N26

With its promise of adventure and relaxation, summer shouldn’t be shadowed by financial stress. Spaces empower you to plan, save, and spend in a way that aligns with your goals, turning them into tangible experiences. It’s not just about the destinations or the events; it’s about the journeys we create along the way. So, which Spaces will you create to ensure this summer is your most memorable yet?Opening an account with N26 takes minutes, and there’s no pesky paperwork. Start crafting your dream summer and build towards a more fun, fulfilled future today with a N26 account.