Start a Holiday Fund Today with N26 Spaces

The season of parties and gift-giving doesn't also need to be a time of financial stress.

3 min read

Winter will be here before you know it, and for many people, the holiday season can also be a time of financial stress. From gift-giving, to decorations, to parties and meals, holiday expenses can really add up.

But you can alleviate some of this burden through planning and preparation. N26 is here to help you save for the future by giving you the knowledge and tools that you need to make good financial decisions. With N26 Spaces, it’s easier than ever to set money aside for the things that matter to you.

So start saving now and put a little money aside every month. When the time arrives, you’ll have the savings that you need to eat, drink, and be merry without hurting your budget to do so.

N26 makes it easy for you to keep track of your money with helpful features like automatic spending statistics, instant account alerts, and Spaces. Spaces lets you create personalized sub-accounts so you can visualize your savings goals, like your holiday fund, in just a few swipes. Before you get started, you may want to review your budget so that you’re up to speed on your current financial situation.

Here’s the good thing about the holidays: They arrive at the same time every year, which makes it easier for you to plan ahead. If you begin saving today you’ll be in better shape when the season rolls around. All it takes is a few steps:

Step #1: Sign up for an N26 account

You can open an account directly from your phone in less than five minutes, without lines or paperwork. 

Step #2: Add money to your account

Adding money to your N26 account is fast and stress free. You can receive your paycheck up to two days early¹ via direct deposit, connect an external bank account, or use your favorite payment services like Cash App and Venmo.

Step #3: Create your “Holiday Fund” 

Just tap the plus sign on the main Spaces tab, type in Holiday Fund, and choose your icon. Easy as that.

Step #4: Set a savings goal

Decide how much money you’ll need to cover holiday expenses, and enter the amount. In addition to gifts for your family and friends, consider what you’ll spend on extra food, decor, parties, outfits, and charitable giving. It can be helpful to think about last year’s expenses.

Step #5. Each month, put money aside to your “Holiday Fund”

Moving money from your main N26 account into your Holiday Fund is as simple as swiping right, and it happens instantly. Spaces gives you a clear overview of all your transactions so you can watch your savings grow. One glance will tell you exactly how close you are to reaching your total goal.

Step #6: Monitor your expenses with N26’s spending statistics 

N26 automatically tracks your spending for you so you don’t have to. The N26 app automatically categorizes your purchases and gives you a quick visual breakdown of your expenses. See where your money is going each month and decide where you want to spend less.

Step #7: Easily move money in and out for free

We get it, sometimes life happens and you may need to dip into your Holiday Fund to cover an unexpected expense. Or perhaps you received some extra cash and want to put it into your fund to reach your goal faster. With Spaces, you can move money in and out quickly and easily whenever you need it. Once the holidays roll around, you can also tap each related transaction and subtract it directly from your space.


Set yourself up for a stress-free holiday season with N26

Taking control of your spending and putting money aside with the N26 app will empower you to have a more stress-free holiday season, and to build a better financial future beyond December. Discover powerful tools, and mobile banking that is intuitive, secure, and simple. Got five minutes? Open your N26 account today.

¹ Faster funding claim is based on a comparison of our policy of making funds available upon receipt of payment instruction versus the typical banking practice of posting funds at settlement. Fraud prevention restrictions may delay availability of funds with or without notice. Early availability of funds requires payor’s support of direct deposit and is subject to the timing of payor’s payment instruction.

The N26 account is offered by Axos Bank®, Member FDIC. N26 Inc. is a service provider of Axos Bank. All deposit accounts of the same ownership and/or vesting held at Axos Bank are combined and insured under the same FDIC Certificate 35546. All deposit accounts through Axos Bank brands are not separately insured by the FDIC from other deposit accounts held with the same ownership and/or vesting at Axos Bank. The N26 Visa® Debit Card is issued by Axos Bank pursuant to a license by Visa U.S.A. Inc. The N26 Visa Debit Card may be used everywhere Visa debit cards are accepted.

By N26

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