Managing assets accurately is not easy at all, especially if several people participate in the piggy bank at the same time. However, there are many who have the good habit of devoting themselves to savings to finalize certain goals or have a supply of money to draw from in case of economic difficulties and unexpected expenses. On the subject, the internal N26 Observatory reveals that every month in Italy an average of 4,734 new spaces with an average balance of 252 euros per space: the function that allows N26 customers to set aside money in sub-categories according to their different needs, as if they were many different virtual piggy banks.
And it is precisely for this reason that the German mobile bank has decided to release the Shared Spaces: a valid one alternative to the joint current account which offers the possibility to save and track savings with third parties without constraints but above all in immediate times.
Useful not only for couples but also for university students who share the same house, the Shared Spaces allow – in a space separate from the main account – to share money with up to 10 people and in other markets, where the function has already been active for some time, they would be exploited enough: to quote a few figures, 82% of customers would use the function to accumulate money with their partner, 28% with friends and, only one small part – 5% – with roommates.
About the novelty is Andrea Isola, General Manager of N26 in Italy & Southeast Europe, commenting: «Spazi Condivisi is a natural extension of Spaces and is a further demonstration of our efforts to offer the most flexible banking experience in the world. It is in all respects one feature which guarantees the smartest way possible to manage shared expenses without having to resort to cash, with whom you often risk not sharing fairly. We can say that it is about an alternative to the joint account, which allows you to save and set aside money for joint projects in a simpler and more functional way, especially as regards opening and management processes ».
Per create a shared space it only takes a few seconds but you need to have an active N26 premium account: just open the section Spaces from the N26 app, create a space – or access an existing one – and invite friends and family to join. It is important to know, however, that by inviting new users to a space, we will authorize them to have full access to their balance: therefore it is a good practice to take advantage of this feature only with trusted people.
But regardless of the solution chosen to share your savings, if you are looking for some indications to manage the finances of the house with your partner in the best way, in the gallery you can find out 5 tips to manage savings as a couple!
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
