โœ‹
Sorry, your browser does not support the technologies needed to use our web interface.

Please make sure you have the latest version, and that JavaScript is enabled.
Remote Jobs 4 Nomad Insurance Chat Meetups Visas & Residency New Climate Finder Forum Advertise FAQ Dating New Members Hire Remotely 
  Homepageโš™๏ธ  Settings๐ŸŒ—  Toggle dark mode โค๏ธ  Your favorites๐Ÿš‘  Nomad insurance
๐Ÿœ  Explore๐Ÿก  Cities๐Ÿ‡ณ๐Ÿ‡ฑ  Countries๐ŸŒ  Continents๐ŸŽซ  Community๐Ÿธ  Meetupsโค๏ธ  Dating๐Ÿ’ฌ  Chat๐Ÿ—ฏ  Forum๐Ÿ’  FAQ New
๐Ÿ“ธ  Vote on photos๐Ÿ”ฎ  Show random place๐Ÿ’ธ  FIRE calculator๐Ÿ”Œ  Bali sea cable status๐ŸŒด  Canggu shortcut cam๐ŸŒค  Climate finder๐Ÿ“Š  Fastest growing New๐Ÿก  Real estate overseasโ›„๏ธ Escape the winter๐Ÿฆ  COVID-19 data๐Ÿ“ฃ  Advertise
๐Ÿ›ฐ  Remote jobs๐Ÿ‘ฉโ€๐Ÿ’ป  Remote workers Newโœˆ๏ธ  Airlines New๐Ÿ—บ  Neighborhoods๐Ÿ  Coworkations๐Ÿšง   Maker community๐Ÿ“  Remote work visas๐Ÿฌ  Coworking spaces๐Ÿฝ  QR Menu Creator

๐ŸŽซ Welcome to your Nomad List profile!

๐ŸŽ’ Add all your previous trips and future travel plans here

๐Ÿท Set what you're ๐Ÿ‘€ looking for + ๐Ÿ™ƒ your interests

Visit your profile by clicking your avatar on the top right of any page ๐Ÿ‘‰ Your profile

๐Ÿค After adding your trips, see who's around you on the right side of every trip, or by browsing on the Members map, and meet new people with the Friend Finder or Dating feature.

๐Ÿ’จ This popup will disappear after you've added your first trip

Start by adding your current place as your first trip
Fullscreen
3D
+-
2017-01
2018-01

@visualista

Send a Message

Like

Follow

4

trips

12,211

km

2%

of the world

3

countries

4

cities



Near people All people20182017
Add trip
Cancel
 6 Jan '181mo6 Feb '186 Feb '18
6 Jan '18

Tenerife, Canary Islands

20ยฐC
Spain
2017
 1 Nov '171mo1 Dec '171 Dec '17
1 Nov '17

Granada

13ยฐC
Spain
 
 1 Oct '171mo1 Nov '171 Nov '17
1 Oct '17

Vernantes

France
 
 7 Jan '173mo12 Apr '1712 Apr '17
7 Jan '17

Thailand

Thailand

๐Ÿ—ฏ Forum topics

๐Ÿ‘
666
๐Ÿ‘Ž

How do you manage your money as a nomad?


by @visualista |  | 2 comments

Hi, let me start by saying iโ€™m an idiot when it comes to these things. I know all the infos are out there and Iโ€™ve been reading posts here as well as googling lots of blogs to find answers but there are just so many details and personal aspects that it leaves me dizzy! Iโ€™m hoping for a kind soul to share his/her wisdom with me in simple words. Bear with me while I try to wrap my head around this:

I NEED: 1. to be able to get payed by international customers in Dollars and Euros mostly 2. A way to get to that money with a debit/credit card for online payments and ATMโ€™s in whatever local currency needed (thinking of heading to Bali next)

I AM: newly nomadic designer working with platforms like 99designs and upwork as well as some direct clients. I have swiss citizenship, but am no longer resident there, or anywhere else.

I HAVE: 1. A swiss bank account (UBS) with CHF and no credit card (for savings not to be touched). 2. A spanish bank account (Deutsche Bank) with EUR with a debit and credit card for backup money. 3. A Paypal Account.

The plan is to earn the money I need to live monthly and put it into a spending account and only touch the others (CHF/EUR) if I didnโ€™t make enough money.

So far Iโ€™ve come across these options:

  1. Paypal
    I already have a paypal account and It does some of what I want. Except Iโ€™d have to transfer my online money to my Euro Account to spend it with my spanish credit card. Which sounds like a lot of fees. Blog posts about nomad finances all seem to say paypal is an expensive option.

  2. Open Local Bank Accounts / Use Butcoins
    I would like the simplest solution possible. Opening new accounts for every country sounds like too much paperwork (which I hate with the intensity of 100 hell fires). Bitcoins? Iโ€™m already confused with all the real currencyโ€™s involved please donโ€™t bring in digital onesโ€ฆ

  3. Payoneer
    Biggest plus: It is integrated in the platforms I work with (99d & Upwork) so I can pay out my earnings really simple and supposedly cheap. They also give me a Mastercard to spend that money and multi-currency โ€œbank accountsโ€. But Iโ€™ve read really mixed reviews about it so I donโ€™t know what to think of it in the end.

  4. Revolut:
    Seems to be just what I need. You get a Mastercard and . It seems like they have really low fees, good exchange rates and no ATM extra-charges? I read some good reviews (except customer service which seems to be terrible with both Payoneer and Revolut). Customers can pay me directly with the multi-currency bank accounts but I would have to find the best way to bring my earnings from 99d and Upwork into here (I read about a guy that uses payoneer to send money to his Revolut? Is anyone using a similar setup?)

  5. Travel Credit Cards
    Iโ€™ve read about those who are suposed to have low fees and no ATM-charges, have not done any research yet.

So this is what my research brought up. Is there something I missed? Seems like getting to your money is harder than actually making it xD
Does anybody with a similar situation have personal experiences and clear suggestions on this topic?
I canโ€™t seem to make up my mind between payoneer and revolut. I also read about Transferwise bringing in their own credit card but could not find any infos from them? I would really appreciate your inputs because as mentioned I find this all quite overwhelming and would love an easy solution that involves the least amount of paperwork/effort (even is I loose a few cents here and there if not possible otherwise)

Thank you all!!

๐Ÿ‘
666
๐Ÿ‘Ž

๐ŸŒŽ Regions collected (2 of 9)

๐Ÿšฉ Flags collected (3 of 276)

๐ŸŒ Top countries

  • Thailand

    โญ๏ธ Overall Score 
    ๐Ÿ’ต Cost ๐Ÿ˜™ Affordable
    ๐Ÿ“ก Internet ๐ŸŽ Fast
    ๐Ÿ˜€ Fun okay
    ๐Ÿ‘ฎ Safety good
    Tap to open
    ๐ŸŒฅ Feels 32° 90° 29° 83°AQI 90๐Ÿ˜ท
    3mo
    $1,410 / mo
    18Mbps
    ร—
  • Spain

    โญ๏ธ Overall Score 
    ๐Ÿ’ต Cost ๐Ÿ™‚ Okay
    ๐Ÿ“ก Internet ๐ŸŽ Fast
    ๐Ÿ˜€ Fun good
    ๐Ÿ‘ฎ Safety okay
    Tap to open
    ๐ŸŒง Feels 16° 61° 16° 61°AQI 29
    2mo
    $2,870 / mo
    29Mbps
    ร—
  • France

    โญ๏ธ Overall Score 
    ๐Ÿ’ต Cost ๐Ÿง Pricey
    ๐Ÿ“ก Internet ๐ŸŽ Fast
    ๐Ÿ˜€ Fun okay
    ๐Ÿ‘ฎ Safety okay
    Tap to open
    ๐ŸŒง Feels  41°  44°AQI 27
    1mo
    $3,552 / mo
    26Mbps
    ร—
  • ๐Ÿ•บ People they cross paths with most

    โ€นโ€บ
    ×
    USD โ”€ $
    ยฐF
    โœจ To see all results
    Join Nomad List
    810ms
    Messages
    Send
    Sorry, this is taking a while...