DD
Danielle Desir
27 days ago

Your Save For Vacation App

traveling
money
If you’re feeling overwhelmed by the trip planning process, first things first, take a deep breath and let it sink in that you’re actually going on a trip.

Perhaps this is a trip to one of your favorite places in the world (Iceland is mine) or maybe you’re going to a new
If you’re feeling overwhelmed by the trip planning process, first things first, take a deep breath and let it sink in that you’re actually going on a trip.

Perhaps this is a trip to one of your favorite places in the world (Iceland is mine) or maybe you’re going to a new country where you don’t speak the language. Either way, you’re planning a trip and that’s exciting!

While there may be a lot of prep work involved before you go, I will help you break down one of the hardest components: getting the funds to go on the trip. There are many tips and tricks to make saving for vacation simple and consistent.

And you can take advantage of a digital tool at your disposal. Think of Nav.it as your ultimate save for vacation app.

Different funds for different accounts
When it comes to budgeting in general, I recommend separating your money into multiple bank accounts. If you want to travel the world, one bank account that I highly recommend having is a "travel fund". A travel fund is simply a bank account where you save money for travel.

Why have a travel fund?
Having a bank account dedicated to travel ensures that you’re actively working toward your travel savings goals. It prevents overspending and undersaving, and at a glance, you know exactly how much you have saved up for a trip.

Your travel fund can be a checking account, a savings account or money market. Give this special bank account a nickname like “Weekend Getaway with Bae”.

Tool tip: Want to see all of your money in one place? Using Nav.it, you can connect your savings, checking and credit card accounts so you can see all transactions and saved up funds in one place and get an overview of your overall spending. 

Using this save for vacation app will help you decide how much you might be able to contribute to your “Weekend Getaway with Bae” fund (and if skipping a couple latte runs might help you reach your travel goals sooner!).

Why save for travel consistently?
After you open a bank account devoted solely to travel, it makes it easy to save for your next adventure each paycheck.

Determine an amount you can afford to save per pay period and automatically save that same amount each time you get paid via direct deposit.

Tool tip: Once again, if you’re using the save for vacation app to track your spending to decide how much you can put toward your travel fund, you can take advantage of the reminder setting in the Nav.it app.

If there is a category on your overall monthly spending that you want to reduce (lattes, brunches, impulse shopping buys), you can change the budget line total for the month, and then set up alerts to ping you when you’ve spent 50 or 90 percent of that line item.

Let the app do the work for you!

How I plan for my trips
When I first started traveling, I saved $25 each paycheck. Now I save upwards of $200 per month. Whatever amount you decide to save, remember to save consistently. Consistency is key to developing good financial habits.

Saving consistently also means that you’ll have money available to hop on a good flight deal or go on a spontaneous trip without having to worry about your finances. Woohoo! Sounds nice, right?

The key takeaway here, automate saving for travel.

Budget for your trip
Next, create a budget for your vacation. Put together a list of places you want to visit and use blogs to figure out how much it will cost you to get there, eat, and do fun activities.

Pro Tip: Budget Your Trip is a helpful resource for determining travel costs around the world. Add all of your travel costs together to set your vacation budget.

Tool tip: The save for vacation app has yet another feature to help you reach your happiness (aka travel) goals! On the Goals tab, set up your trip budget goal (the magic number you figured out above), and it will show you how much you need to save per day (or week, or month) to achieve these goals. 

Once you have a trip budget, start looking for flight deals! You’ve conquered a major milestone, Nav.igator!

On The Thought Card, Danielle Desir empowers readers to make informed financial decisions and embrace their innerfinancially savvy traveler. She also has a fun podcast! Check out The Thought Card podcast here!
EP
Erin Papworth
11 months ago

And So It Begins

travel
traveling
see the world
borderless
international
empowered
My name is Erin Papworth, and I am the CEO of Nav.it, the travel and lifestyle app for women who run the world and want to see it. 

We have a saying at Nav.it: Be Borderless. For many of us, it feels like that was never a choice, it was just a part of who we were - citizens of the world.

In my early twentie...
My name is Erin Papworth, and I am the CEO of Nav.it, the travel and lifestyle app for women who run the world and want to see it. 

We have a saying at Nav.it: Be Borderless. For many of us, it feels like that was never a choice, it was just a part of who we were - citizens of the world.

In my early twenties, I went on what was meant to be a week-long safari in Africa. Thirteen years later I returned home, having worked for humanitarian groups in 15 countries across the sub-Saharan region. I’ve met so many incredible people in my travels, but what always resonated with me was how utterly universal and unique the female experience is.

You see, “travel” means much more to me than a week long vacation somewhere. It is a way of life; a form of incomparable enrichment. Through my work and the way I budgeted my money, I was able to establish a level of financial freedom that gave me opportunities to live out of the box (boxes have borders, after all), and deeply shape my understanding of life. 

I created Nav.it so that women can find the tools they need to navigate the world on their own terms; to understand their power and agency, and most importantly - to learn how to manage their money in a way that turns travel dreams into plans.

When my team at Nav.it says we are a community of female travelers for female travelers, it comes from the knowledge that women comprise two-thirds of the world’s globetrotters, and make 92% of all online travel purchases in the U.S. That is a lot of decision-making and a lot of travel stories to be told. Our team is a group of passionate, primarily former expats who want nothing more than to elevate other women’s lives through travel.

And here’s the thing. We didn’t want to be yet another travel app that simply shows you pictures of the most beautiful places you’ve ever seen and tell you that you’d be happier there. Because...yah. Obviously. 

The barrage of #travelinspo content rushing across our screens every five seconds making us feel irresponsible for having jobs when we could be frolicking down some French Polynesian beach instead? It's not helping anyone get anywhere.

So we decided to change the game. Nav.it takes aspirational travel and makes it actionable. 

We firmly believe that wealth is experiential, but it does cost money to get places. Knowing how to manage your money and save what you have is paramount to freedom, whether you're traveling on a sexy shoestring or going on a luxury blitz. 

We don’t just tell you about amazing finds around the world, we help you get there. We give you the option to sync your bank account with our app, and set saving goals for trips you want to go on. We create monetizable city itineraries for you. We let you budget for every restaurant, hotel, museum and flight we review. And to top it off, we've created a community where you can share your tips and experiences with others while learning from their travel fails, their hacks and, most importantly, where to get the most amazing crème brûlée in Nice. We do this all focused on the female experience in the world. 

Women’s lives are not one-size-fits-all, so neither is the Nav.it experience. We are here to empower every woman to see the world in a way that is feasible to her, and we hope you come along for the ride!







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