Something that really bothers me about budgeting is having to move money around into different pots for bills etc. One of the biggest problems is forgetting to put money aside each month for particular bills. Another thing that is slightly annoying is seeing an available balance that isn’t a true amount of money you can spend.
I think it would be great if Monzo could take some of this away from the user and automatically put money into virtual pots each time you get paid or at intervals you set yourself. That way you just have to set it up once.
On top of this I think it would be great if Monzo could automatically figure it out for direct debit and standing orders too so that if you set one up it will assume you want this money putting aside.
Perhaps this could be a feature you have the option of Turing on or off.
There may be some issues with this kind of feature but the idea of having your bank automatically budget for you is great.