A idea for pots where, if you usually get a set amount every month, any amount over that gets automatically put into a designated pot as soon as you’re paid so you’re not tempted to blow it all on an impulse buy (looking at you, Amazon!)
On the flipside, you could nominate this same pot to “top-up” your earnings (as a sort of automated emergency fund) if it’s below your normal earnings, say for instance if Payroll made a boo-boo. Happens a lot where I work
ALSO: once the Marketplace is sorted, this could be used to automatically invest overtime gains in e.g. Wealthsimple, Wealthify, Nutmeg, insert-choice-here. You just set it and forget it.
No mess, no fuss. You don’t see the money, you don’t think about the money; it’s just put away for a rainy day! (and hopefully racking up some sweet compound interest!)
Don’t know if someone’s already come up with something like this, but I just thought of it and wanted to put it out there.