We’ve been using travelspend for 5 months now. The app is great for keeping track of everything we spend. However on a total sum of about 15000 euro in Travelspend, our actual spendings are actually over 16000 when checking our bank account. Oops… We might have forgotten some small things but we are very strict with registering everything.
It seems that the biggest issue is exchange rates and bank costs for transactions and atm’s. As an example 120.000 Costa Rican Colones are listed as 170 euro in Travelspend, while our bank lists it as 175 euro. Quite a big difference…
I was wondering how you dealt with this during your trips? And maybe it would be possible to add a certain user defined percentage on top of all currency exchange rates, to cover for this?
Right now I can’t think of any solution except for just adding a fixed amount of costs per day, or lowering the overall budgets.