What do you all think of the ability to give a longer description to a pot. Instead of a pot called “holiday” with a goal of £1500. I want to be able to provide a description of the individual things I’m saving for. Say, “plane” £400, “hotel” £500, “spending money” £600.
I would suggest a second larger (description) text box, could provide this functionality.
I’m not sure why you would need a long description for a pot. In your example you’ve given I’d just use separate pots because they’d each have different goal amounts and times that I’d need to hit the targets for. EG. The plane tickets goal needs to be hit before the spending money.
I can understand it to a degree but in your example you’ve already solved the issue. You have a spreadsheet, nice and neat, with formulas and tabular data. This would look a mess as a text box in an app and wouldn’t give you anywhere near the level of control you’d want.
You’ve done the math and worked out a total. I can’t see why you would second guess yourself, but if you needed reminding you have your spreadsheet
I wouldn’t go as granular with pots as you said, with fridge, sofa, washing machine etc either.
Without your deposit and first months rent everything else is redundant.
So I’d start with 2 pots (or maybe combine them into 1):
First months rent
Then only when those goals are met I would it be worthwhile for me to save for things to go into the house. Otherwise as you said, you will have shed loads of pots and looking at your goals, progress would be extremely slow.
I’m not saying you’re wrong for having this idea, if it would help you then that’s great! I just can’t see it being useful beyond a handful of situations, that couldn’t already be solved a different approach.
I’d find the ability to add notes to pots very useful to keep track of things related to what’s in the pot. This feature would be another good step towards Monzo becoming a place to store all your financial info.
Multiple sub goals for a Pot would also be really useful.
I pay our flat bills, so: Water, Internet, Sky, cleaner, council tax, TV licence etc etc and it comes to something like £398… a notes section would be handy particularly if these aren’t DDs so I have to manually pay them.
Probably a better example is I play a few different sports so rather than separate messy pots of ‘5 a side pot, Gym pot, Rugby pot’ I lump them into 1 pot so a notes section would be handy.
This is probably a ‘nice to have’ rather than ‘must have’ feature for me (I’m not likely to forget my bills!) - particularly as DDs can come direct from pots now… However I’d imagine it’s relatively simple to implement so why not?
Think this would be helpful for things like a general “Christmas” pot, but you can write down in the notes who’s presents you’ve brought and what money is for what etc - helps to do a bit more planning.
Also means you can provide relevant dates (where you don’t want to lock the pot entirely!)
One thing I would also love is adding metadata to pots - as a developer this would unlock so many capabilities!