The pots used for bills always display the remaining balance before the 31st of the month. However, this doesn’t help manage budgets when someone is getting paid during the month, which also mixes up payments for the current month and those expected for the next month. A useful feature would be to allow users to select the rollout date. This way, I can always stay on top of my bills for any period. For instance, if I have £100 worth of payments left from today’s date until the 31st, while I’m getting paid on the 27th, I want to know how much my bills budget is for the period between the 1st of the next month and the 30th. Even better, I should be able to specify that my billing cycle for the month is between the 27th and the 26th of the next month. Please make this change. Thank you!
Unfortunately changing the date in the summary period doesn’t update the date in the bills pot. I have my summary period set to the start on the 20th each month, but the bills pot is saying the 16th of every month.
Oh wait, I’ve just realised, this doesn’t actually work as a solution.
Summary is dead now, Trends has replaced it.
I think there’s a workaround whereby you search for one of your old Summary reports then you can use that to change your old Summary date. This is silly though, I remember this being brought up a while back and it still hasn’t been fixed!
See here, but I’ve just tested this on iOS and it doesn’t work.
This workaround doesn’t apply to Bills pots (as per the OP’s request) - only Summary/Trends can have dates changed.
Bills pots are fixed, regardless of Summary/Trends dates. Unfortunately.
Wait what… So changing the pay dates on summary no longer changes the date your bill pot uses - the date is just fixed forever?
Does this mean that if I ever get a new job and am paid on a different date, I won’t be able to use a Bills Pot any more? If so that’s a major flaw, enough to make me switch banks.
I do think it’s pretty bad already that it’s been around five years since Trends was introduced to slowly replace Summary, and Bills Pots were added, and yet they still haven’t integrated them properly. As far as I see it, bills pots should have been using the trends pay date years ago. Search has now been broken and not much use for five years.
You’ll always be able to use Bills pots, regardless of paydate(s) It’s the reporting of them that needs a bit of polish.
Trends launched 2.5 years ago.
Agreed
Possibly longer, depending on what search was needed.
Oops, I used past me’s estimate! I must’ve just been thinking of bill pots and not trends specifically. Tbh I stopped using summary mostly once bill pots came in.
I’m a bit confused as to what counts as reporting. The reason I use a pot for bills is because I can put my money for all bills into it and see at a glance that I have enough in there to cover all my bills until the next payday, because of the left to pay feature in the pot. If the date it’s using is wrong, then this feature won’t work, correct? Or will that bit work, but something else won’t?
If that feature doesn’t work, I’d have to go back to using a manual spreadsheet to calculate my bills for the month amount and make sure there’s enough in the pot. In 2025 that feels like an essential feature of banking for me.
A work around I’ve been using since primarily using a joint account with my partner is to give ourselves an artificial pay day on the first of each month.
How it works…
When you get paid put the whole thing into a Pot. Ours is called the ‘Sorting Pot’.
On the first if the month have scheduled withdrawals from the sorting pot, and scheduled deposits into any pots you might like e.g. Bills pot, holiday pot etc.
For this to work though, you need to have enough cash on hand to get your through your first real pay day and your new fake pay day on the first of the month. After that it’s plain sailing.
We started doing this as me and my partner got paid in different dates and this helped keep everything need.
We’re now working slightly differently, although still utilising a Bills pot - sort of. Joint account is the main account used. We’re paid on different dates - 25th and 30th. But the reporting period is set to the last day of the month.
Each bill (except CPA’s) are assigned to a Bills pot as they normally would be - but - here’s the surprise - when a salary payment is received I no longer preload the Bills pot with an amount of money to cover the bills for that monthly cycle. Instead, I transfer EVERYTHING into the Instant Access Saver pot. Then, checking Monzo every day, I move an amount to cover any upcoming bills from Savings to the Bills pot the day before.
While this may sound like I’m creating a load of work for pennies back in interest, the money sat in savings can be there for weeks instead of being sat in a non-interest Bills pot, meaning I’m earning interest all the time. In effect, the IASP is a buffer stock of cash which feeds the Bills pot at the last minute (manually)
So why bother with a Bills pot, instead of just transferring money straight from savings into the main account? Well, the Bills pot is still good at reporting what Bills we have left to pay and what I need to allocate throughout the monthly cycle.
It works really well, maximising the interest we get on what we have, while still paying the bills. You just need to keep on top of notifications of upcoming bills.
Our set up isn’t too dissimilar as most of our bills come out in the first few days of the month after which any money that may be left over in the sorting pot or bills pot is moved into different IASPs.
What I really need is scheduled pot to pot transfers, including IASPs.