Saving money is one of the most important financial habits. But with so much to save up for, it’s hard to decide what you should prioritize. Should you build up your savings or pay off any debt first? How do you make sure you have enough for everything?
Here are this month’s new features to help you stay on track with your goals:
Emergency Fund Pots
Be prepared for any unexpected event with our new emergency fund Pot. An emergency fund Pot helps you separate money from your everyday spending, so you only use it for, well… emergencies.
All you have to do is set a goal, then how much and how often to set money aside - we’ll take care of the rest! Learn how it works in our blog post.
24/7 customer support
We’re excited to announce that we’ve expanded our customer support team and are available through in-app chat 24 hours a day, 7 days a week.
Chatting with us in the app has always been the fastest way to get in touch. You don’t even have to wait until “business hours”, whatever that means. Just don’t send us “Hey, you up?” late night messages please.
Category targets for Trends
Back in January, we launched targets for Trends to help you set and stick to a monthly spending target. Many of you told us you wanted to go even further and set a target for each category.
You can now set individual spending targets for any or all of your categories in Trends! We’ll even recommend amounts for each category based on your past habits.
We want Trends to do everything Summary does and more, so let us know what you think.
Invite friends, get British candy
Share everything you love about Monzo by inviting a friend to join. For a limited time, once they sign up* and make their first transaction, we’ll send you a box of British candy (or “sweets”, for you Brits).
*US accounts only.
Having a plan can help you achieve your financial goals and avoid stressful situations. Whether you’re just starting out or have everything under control, the most important thing is to be proactive and stay committed to your goals.
Let us know what else would help you reach your financial goals!