10% Income going into a savings pot

[danieljohnson880 (Daniel Johnson)]

I am sure this has been suggested elsewhere but couldn’t find it and would love to get the community’s feedback on an idea I would love implemented. I would love for 10% of all income into my Monzo account to go into savings/experiment fund. Is it possible to do that yet?

[Terra_cotta (Mo)]

I think a similar thing is under discussion here

Umbrella groups for spending categories

So quick story to give context. I’m looking to sort out my budgeting and spending and want to try out the 50/30/20 budget. This is 50% on essentials, 20% saved and 30% on anything else. I use Monzo as my primary account and so want to be able to group existing categories into further groups. E.g. I would want to see Transport, Bills and Groceries all together in one group as this would be my 50% essentials group.

Edit: You can schedule money into pots, but not by percentage. That might be possible with an IFTTT/Google Sheets combo, but I haven’t done it. You could search for IFTTT on the forum if you’re interested.